US Credit Rating Downgraded To AA+

[Slingin Sammy 33]

Originally Posted by saden1

The question is which country currently has a better rating and worthy of large investment?

The Last Countries With Triple-A Ratings (and Those at Risk of Losing Them) - FoxBusiness.com

Never been to Austrailia, maybe booking a trip over the next year or so to check it out.

[saden1]

Originally Posted by Slingin Sammy 33

The Last Countries With Triple-A Ratings (and Those at Risk of Losing Them) - FoxBusiness.com

Never been to Austrailia, maybe booking a trip over the next year or so to check it out.

Australia? Where will growth come from? Thier service sector industry or thier penal correction industry. Or perhaps thier mega defense industry? Now I get it, from News Corp course. Australia is where my grandfather has his money not investors. I bet they ae tapped out too.

How is our CR from other agencies? I mean, not that it really matters cause they will all go down eventually. The question is what will we do to get it back up as quickly as possible? Here is an idea, pull out of the wars.

[GMScud]

Originally Posted by saden1

Australia? Where will growth come from? Thier service sector industry or thier penal correction industry. Or perhaps thier mega defense industry? Now I get it, from News Corp course. Australia is where my grandfather has his money not investors. I bet they ae tapped out too.

How is our CR from other agencies? I mean, not that it really matters cause they will all go down eventually. The question is what will we do to get it back up as quickly as possible? Here is an idea, pull out of the wars.

This. A million times, this.

[FRPLG]

Originally Posted by saden1

Australia? Where will growth come from? Thier service sector industry or thier penal correction industry. Or perhaps thier mega defense industry? Now I get it, from News Corp course. Australia is where my grandfather has his money not investors. I bet they ae tapped out too.

How is our CR from other agencies? I mean, not that it really matters cause they will all go down eventually. The question is what will we do to get it back up as quickly as possible? Here is an idea, pull out of the wars.

Now here's something we can agree on.

[Dirtbag59]

I come from money so I'm good

[Ruhskins]

Originally Posted by Dirtbag59

I come from money so I'm good

I need to get rich so I don't have to pay taxes. LOL.

[MTK]

Romney... lol

[GusFrerotte]

Romney might win vs Obama, but he would just be another establishment candidate. Look at the big guns donating to his campaign. Think he is going to look after Main Street's interests if elected? I highly doubt it. The guy came from money and made more money flipping companies, like folks flipped houses back in the mid to late 90's. Money always looks out for money. The only guys that would make a difference are always either ignored, made out to be kooks or racists, or are maligned as being unelectable. Think of guys like Dennis Kucinich, Mike Gavel, Ron Paul, and Pat Buchanan. Gary Hart would have made a good president if it weren't for his "Monkey Business". Of course people that vote GOP could go nuts and vote in Bachmann as their candidate. She would be George Bush, just with a vagina. The two party system needs to be dismantled!!!

[12thMan]

I guess if there's any silver lining in this shitty picture, and there really isn't, the other two major rating agencies, Fitch and Moody's, reaffirmed their credit rating for the U.S. It's worth noting that S&P did miss the boat horribly during the financial meltdown of 2008 and constantly miscalculated the severity of the pending bubble. I'm not smarter than the folks at S&P, but I think it's safe to say that investors still believe the United States still have the most transparent, stable, and trustworthy Treasuries in the world, bar none.

I haven't read their downgrade in it's entirety, but it appears to be more of a political analysis than a mathematical and economic one. They referenced both parties by name and the political gridlock as one of their chief concerns going forward. I find that a bit disturbing for a rating agency with so much global clout to inject itself into our national conversation in that manner. They should just stick to what they do and let the voters continue to send people to Washington deal with the politics. Just my 2 cents.

[GMScud]

Good points, 12th. Especially the second paragraph.

[GusFrerotte]

Originally Posted by 12thMan

I guess if there's any silver lining in this shitty picture, and there really isn't, the other two major rating agencies, Fitch and Moody's, reaffirmed their credit rating for the U.S. It's worth noting that S&P did miss the boat horribly during the financial meltdown of 2008 and constantly miscalculated the severity of the pending bubble. I'm not smarter than the folks at S&P, but I think it's safe to say that investors still believe the United States still have the most transparent, stable, and trustworthy Treasuries in the world, bar none.

I haven't read their downgrade in it's entirety, but it appears to be more of a political analysis than a mathematical and economic one. They referenced both parties by name and the political gridlock as one of their chief concerns going forward. I find that a bit disturbing for a rating agency with so much global clout to inject itself into our national conversation in that manner. They should just stick to what they do and let the voters continue to send people to Washington deal with the politics. Just my 2 cents.

Why are we in the mess that we are in then? Who votes to spend the money like water? How could we not be downgraded when we are the worst nation on the planet in terms of total debt(rank 191 out of 191 nation states). Do you really think that our credit staying AAA wasn't due to politics? This nation should have been downgraded in 2008 or even before that. Do you really think this debt ceiling being raised is going to cure our ills? WE are going to default eventually, that is inevitable. Do you want to default down $14 trillion or say $20-24 trillion? Both parties are playing politics and are more concerned about getting reelected and pushing back financial armageddon til after the elections of 2012. S&P has every right to complain about our nations dysfunctional political system, for it is the main reason we are in this mess to begin with. Both parties are just two wings of the mega party that runs things in the US. Both wings are commanded by the same NE elites that run the banks and multinational corporations. Our Supreme Court also is dysfunctional, as it is on the take, along with the members of the House and Senate. Obama's cabinet is mostly Goldman Sach's flunkies. Everyone on Capitol Hill is owned by the Wall St banks. Do ou think re electing Obama is going to make things better? Romney? It will be business as usual whoever wins in 2012, as they are owned by the same people.

[JoeRedskin]

Originally Posted by GusFrerotte

Why are we in the mess that we are in then? Who votes to spend the money like water? How could we not be downgraded when we are the worst nation on the planet in terms of total debt(rank 191 out of 191 nation states). Do you really think that our credit staying AAA wasn't due to politics? This nation should have been downgraded in 2008 or even before that. Do you really think this debt ceiling being raised is going to cure our ills? WE are going to default eventually, that is inevitable. Do you want to default down $14 trillion or say $20-24 trillion? Both parties are playing politics and are more concerned about getting reelected and pushing back financial armageddon til after the elections of 2012. S&P has every right to complain about our nations dysfunctional political system, for it is the main reason we are in this mess to begin with. Both parties are just two wings of the mega party that runs things in the US. Both wings are commanded by the same NE elites that run the banks and multinational corporations. Our Supreme Court also is dysfunctional, as it is on the take, along with the members of the House and Senate. Obama's cabinet is mostly Goldman Sach's flunkies. Everyone on Capitol Hill is owned by the Wall St banks. Do ou think re electing Obama is going to make things better? Romney? It will be business as usual whoever wins in 2012, as they are owned by the same people.

Sorry, I don't buy the "it's a conspiracy" part of the rant. It's been done before and will be done again. ("it's the Northeastern elite, it's the Jews, it's the Federal Reserve, it's the oil companies, etc.).

There are real philosophical differences about balancing the rights of the group v. the rights of individuals between the parties. Unfortunately, instead of intelligent debate about how those two interests should be balanced in order to fix the economy, both sides cater to the outer edges (not necessarily fringe) of their constintuencies and end up with a "Yeah Us!" platform that, in turn, leads to the gridlock saden1 so succinctly stated earlier.

[NC_Skins]

Originally Posted by JoeRedskin

Sorry, I don't buy the "it's a conspiracy" part of the rant. It's been done before and will be done again. ("it's the Northeastern elite, it's the Jews, it's the Federal Reserve, it's the oil companies, etc.)..

Why do you think it's a "conspiracy" that corporations do in fact control our government? The lobbying industry is a billion dollar industry for a reason. Corporations don't hand over hundreds (or millions) of dollars in campaign money for no reason.


So you think its a coincidence that the same guys that are running the Federal Reserve and Treasury department worked in a crooked Wall Street environment (and who's very own misguided actions led to the downfall of the banking industry) are now controlling our nations economy? lol....

Nope, the media would surely rat these things out! Yep, the same media who's income is also depended on by these very corporations.




It's no conspiracy.

[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.

[JoeRedskin]

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.

and each are instransigent on these absolutely incompatible goals. The only thing the compromise on is - "let's just spend more money".