Quote:
Originally Posted by dyna mo
If the debt ceiling is not raised by August 2, all three ratings agencies will put the United States on watch for a downgrade
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The commentators (I can't call anybody on Fox or CNN "news anchors" anymore) on CNN are reporting that Standard & Poor's are probably going to lower the U.S. from the AAA rating anyway.
They are saying that unless the U.S. shows a REAL plan to address the deficit (including no more deficit spending every day) that they are going to lower it whether the imaginary "debt ceiling" is raised or not.
The U.S. has been AAA since this was started in 1917. We were AAA all through WW1, The Great Depression, and WW2.
But we are so far in debt now that it doesn't appear likely we can service this much debt no matter WHAT we do.
And yet...Washington just keeps spending right now as I'm typing. You'd think at the very LEAST they would shut shit down while they carried on with this masquerade...but no: Somewhere a "bridge to nowhere" is being built, a 1.2 million dollar missile is killing some Arabs in Libya, and soldiers around the world are riding in tanks, and jets, and humvees burning a billion dollars worth of fuel (and for you liberals: destroying the environment).