U.S. credit rating was downgraded a few days ago. Who cares. (extremist, cost)
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Well the media can't make it big news you know. Not with an election coming up, it would interfere with all the reports that our economy is doing wonderful and that unemployment is no longer a problem. King Obama has fixed everything.
Also there was an article the other day that explained California's economy is coming along very nicely -- they explained the continued high unemployment rate was due to the unemployed now looking for jobs -- apparently they forgot to report earlier that the unemployed had not been looking for jobs, you'd think it woudl be significant that so many thousands of people were just scamming the system getting unemployment handouts and not really looking for jobs.
The country was all up in arms with the first cut. We didn't hear the end of it from DC, each side blaming the other.
Now we get cut again and not a peep from DC.
Don't you all remember the promises made when they cut us the first time ?
None of those promises were kept.
Actually the country was downgraded by S&P (one of the "Big 3" Rating agencies) one year ago. Once it will be downgraded to AA by one of the "Big 3", This country and the media will be up in arms about it. Egan-Jones is a very small Rating Agency and doesn't matter much.
Actually the country was downgraded by S&P (one of the "Big 3" Rating agencies) one year ago. Once it will be downgraded to AA by one of the "Big 3", This country and the media will be up in arms about it. Egan-Jones is a very small Rating Agency and doesn't matter much.
It doesn't matter because it's a democrat president and an election year. You can bet it would be important news if a republican was in office.
It doesn't matter because it's a democrat president and an election year. You can bet it would be important news if a republican was in office.
Meeh.... As I said no country pays much attention if they are downgraded by an agency which doesn't matter much. There is a Chinese rating agency which started to downgrade our debt, back when Bush was in office. You didn't here anything about that either.
It doesn't matter because it's a democrat president and an election year. You can bet it would be important news if a republican was in office.
Oddly some other Fox News watcher on this very thread was talking about how Fox was ignoring the news as well. Thus, you point out about the media hiding something is rather silly.
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The U.S. sinkers further down under President Obama. Thanks for the "change".
Most of the deficit and thus debt rating is due to pre-existing programs and a reduction in gross receipts that started long before he took office. Instead of doing the pointless one liner, why not grow a set and make an argument that you can actually justify.
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Isn't this interesting? I hadn't heard about this so I googled it. 8 articles came up. Now the MSM surely can't be trying to protect Zerobama in an election year!
8 articles? That would mean that nobody was reporting it. That would include the mainstream media and those people who sit around in their parent's basements writing blogs. I guess Google and Bing are in on this conspiracy too.
Egan-Jones Ratings Co. cut the U.S. credit rating one step to AA, the second downgrade in nine months and two levels below its highest grade, with a negative outlook citing the nation’s increasing debt burden. U.S. debt has increased to 100 percent of gross domestic product, while debt climbed 23.6 percent from 2008 to 2010, the credit-rating firm said in a statement today. Egan-Jones lowered the U.S. grade to AA+ previously in July.
Of course, everyone WILL CARE when higher interest rates and lower currency values come into play. These, of course, are inevitable, yet the left continues on the freight train to insolvency, saying that nothing bad will happen, as it has not happened yet. I am sure they said the same thing before Pearl Harbor was bombed.
Wake up. We need a balanced budget amendment. Congress (both dems and republicans) cannot control themselves and are wed to massive deficit spending.
Location: Georgia, on the Florida line, right above Tallahassee
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Originally Posted by itsjustmeagain
Meeh.... As I said no country pays much attention if they are downgraded by an agency which doesn't matter much. There is a Chinese rating agency which started to downgrade our debt, back when Bush was in office. You didn't here anything about that either.
I did.
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