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Re: US Credit Rating Downgraded To AA+
Quote:
Originally Posted by saden1
This country has a financial structure problem. One side doesn't want entitlement cuts and wants to raise social spending, the other doesn't want to cut defense spending or raise taxes. Our political system is straight out of The Wire.
S&P is doing this country a favor over the long run by downgrading its rating.
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Agree 100%. This downgrade may be what slaps some level of economic sense into DC.
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"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.
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08-07-2011, 09:22 PM
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