Obama: US Will Always Be A "AAA Country"

President Obama comments on the S&P downgrading US borrowing to AA+ from AAA.

Quote from President Obama:
"In fact, Warren Buffett, who knows a thing or two about good investments, said, "If there were a quadruple-A rating, I'd give the United States that." I, and most of the world's investors, agree.

"That doesn't mean we don't have a problem. The fact is, we didn't need a rating agency to tell us that we need a balanced, long-term approach to deficit reduction. That was true last week. That was true last year. That was true the day I took office. And we didn't need a rating agency to tell us that the gridlock in Washington over the last several months has not been constructive, to say the least. We knew from the outset that a prolonged debate over the debt ceiling -- a debate where the threat of default was used as a bargaining chip -- could do enormous damage to our economy and the world's. That threat, coming after a string of economic disruptions in Europe, Japan and the Middle East, has now roiled the markets and dampened consumer confidence and slowed the pace of recovery. "

Category:

News & Politics

Tags:

• Obama
• Debt
• Tea Party
• John Boehner
• Interest Rates

[CaptainSpauIding]

Not under this guy it won't stay AAA.

Unemployment is up

Gas prices up

Foreclosed homes up

US dollar going down against the rest of the world

More debt.

You like your change now assholes ?

[stadium95]

Im not racist but he became president cus he's black...

[fuckoff187]

buffet is obamas bitch

[usam1981]

@thenewmike2012 Wow, the Hypocrite speaks calling me RUDE. You have no idea what you are talking about. Maybe you should go back to grade school, pass those grades you failed, then come back and talk. I pointed out a fact that you did not want to see, and you call me childish. Wow, just wow.

[thenewmike2012]

@usam1981 After reading some of your comments to other people, you are CLEARLY, a very angry, rude and under informed individual. Please find someone else to send your childish, low information & rude comments to. Thank You.

[thenewmike2012]

@stadium95 Actually, it was a combination of him being black and Bush being such a horrible President.

[usam1981]

@Republican4Jayzuz You forget that no one voted yes on that bill from Obama right. That was voted down 97-0. That means that NO ONE, not even the DEMOCRATS wanted that 4 Trillion that Obama offered.

[usam1981]

@thenewmike2012 Wow, you are an idiot, Revenue can also mean SPENDING REFORM, but you idiots ignore that.

[usam1981]

@btwall60 And they are out. Look at the Occupy wall street peole

[hela113]

for ever and ever and ever!

[energyalt56]

stupid liar.... pay fxxx debt...fix it...