U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-23-2011, 01:18 PM
 
5,113 posts, read 5,465,376 times
Reputation: 1746

Advertisements

U.S. rating likely to be downgraded again: Merrill

(Reuters) - The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 10-23-2011, 01:20 PM
 
39,665 posts, read 21,692,073 times
Reputation: 19942
Since we are the largest debtor nation in the history of the planet, such a downgrade is well deserved and leads one to think "what took them so long?"
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-23-2011, 01:22 PM
 
Location: Great State of Texas
86,068 posts, read 79,339,826 times
Reputation: 27670
We have done NOTHING since our last downgrade to better ourselves financially.

If anything we've ignored the warnings and continue to want to pass more spending bills with no cuts.
Congress acts like that downgrade never happened.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-23-2011, 01:22 PM
 
2,401 posts, read 4,383,486 times
Reputation: 2188
And why do you think that is????

Bad quality leadership.

=====

Bread to "own" children aka people before "feeding" someone else...
Jobs for USA people before hiring "Indians (phone, computers) / Chinese (factories) / Hispanics (maids, landscape, construction) etc." to do our jobs and make our products.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-23-2011, 01:35 PM
 
Location: NC
4,110 posts, read 4,201,071 times
Reputation: 1363
Well deserved...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-23-2011, 01:37 PM
 
13,709 posts, read 8,929,564 times
Reputation: 6586
Gee, if there was only some way we could have avoided this...

Oh yeah, I remember. We could cut spending, raise more tax revenue, and reform entitlements.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-23-2011, 01:43 PM
 
4,741 posts, read 3,992,406 times
Reputation: 3225
Quote:
Originally Posted by Don9 View Post
U.S. rating likely to be downgraded again: Merrill

(Reuters) - The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.
The banks are full of sh*t. This is just their way of saying "If you regulate us, we'll use our credit ratings system to hold a knife to the throat of the American economy"

People are beginning to see through this, and they're fed up with it.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-23-2011, 01:47 PM
 
4,741 posts, read 3,992,406 times
Reputation: 3225
Quote:
Originally Posted by HappyTexan View Post
We have done NOTHING since our last downgrade to better ourselves financially.

If anything we've ignored the warnings and continue to want to pass more spending bills with no cuts.
Congress acts like that downgrade never happened.
Ending the wars in Iraq and eventually in Afghanistan is a big start. We won't see the results until next year, but it's going to be a substantive help.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-23-2011, 01:47 PM
 
Location: Great State of Texas
86,068 posts, read 79,339,826 times
Reputation: 27670
Quote:
Originally Posted by chickenfriedbananas View Post
The banks are full of sh*t. This is just their way of saying "If you regulate us, we'll use our credit ratings system to hold a knife to the throat of the American economy"

People are beginning to see through this, and they're fed up with it.
The banks don't rate countries FWIW.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-23-2011, 01:51 PM
 
4,741 posts, read 3,992,406 times
Reputation: 3225
Quote:
Originally Posted by HappyTexan View Post
The banks don't rate countries FWIW.
Okay, let me rephrase it then: the financial sector, inclusive to banks, credit ratings agencies, financial firms, hedge funds, and whatever else. No need to parse words, chief. It's essentially one and the same since they offer many of the same kinds of financial services, depending on the company.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top