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Take a look at France that has the same bond situation and same, or very close, debt to GDP ratio as the U.S and wonder why they still enjoy a triple A? They're one of the countries that will be relied upon to provide security either through bailout or some other stimulous to the faltering Greek, Italian economies. With no intent to alarm or exaggerate the terrible situation over there; THEY'RE TOAST and S & P, for one, seem strangely silent.
C'mon S&P, how come you've refrained from starting a brush fire over there?
No one can dispute the validity of a reduction of U.S.'s rating, they (S&P) simply declared what everyone else knew already with all of the indicators that the U.S. displayed but so to do any number of others and impartiality is supposed to be a haulmark of these agencies, or am I in error?
For those who dare to look beyond the volitile daily market swings and partisan blinders:
Are you cheering for the downfall of America? Why else would you cite one man's opinion as a fact?
Also, I thought NBC News was untrustworthy because its a part of the "liberal media". Hmm. Maybe it's only trustworthy when it delivers bad news about Obama or other Democrats.
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