Credit rating agencies threaten to downgrade U.S.

As the debt ceiling deadline approaches, credit rating agencies are threatening to downgrade America's gold-plated credit rating. Whit Johnson reports on what happens if the U.S. loses its coveted triple-A credit status.

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News & Politics

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• standards
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• credit
• rating
• agencies
• threaten
• U.S.
• debt
• ceiling
• deal
• triple
• AAA

[9844wp]

Hell of a job, TEABAGGERS!

[daveh69]

@487shawn just another idiot, its not rasing revenue, its the tax and spend dems in the white house. We can spend our way out of this, we need to spread the wealth bull shit. Look at history, you can't raise taxs, lower taxs and smaller government helps the economy. Look at history

[hodoprime]

A promised balance budget in 10 to 20 years means nothing. I'm sure there will be a war, bailout or some other conjured "emergency" to blow that fake plan to pieces. We were scared and intimidated into raising the debt ceiling and now the things we were warned about happens anyway.

[Trashfished]

@Ragnarokgn The 90s may have functioned well in your eyes. However the 90s was a scam.  Now we are paying for clintons stupidity.

[Ragnarokgn]

Only the truly ignorant view this as a revenue problem. In real terms the US budget grew almost 70% in the last decade to bring our expenditure from 18% of GDP to 26% of GDP. Irregardless of top marginal rate, which has varied between 28 and 94%, tax revenue has no statistical variation and has never approached 26%.

The only way to have long term stability to is bring spending back to 1990's levels. As I recall the world functioned quite well back then.

[EmsionProductions]

@agenthelios1 So true, I'm a Brit, but I am still following this story. However I do think at times that I'm the only one in the whole of Britain who cares...

[487shawn]

Terrorist around the world give the republicans a big hug! This has happened because the world does not believe that the us (rep party) is capable of raising revenues!This is no suprise only in america! economist around the world have been wrestling with this for a year some like china previously downgraded us before this! simple fact before republican twist numbers to fit their agenda, 30 years ago 1 trillion today almost 14, last 30 yrs mostly republican governments get it or are you stupid!

[doctorw2]

the private sector has the american government by the balls the finacial elite had all this well planed.

[kungfooed]

Well I think this will just about seal the fate of 2012. Obama is going to be voted out. I don't see how he can spin this as not being his fault. In the WH for 2 1/2 years uneployment is up, down to a AA+. People will point to the tea party, but really they were the only ones saying the debt she be cut down the loudest. Tea Party is like hard medicine, nobody likes what they have to say, but they are the only ones trying to move things the right way it seems. Debt has to go down.

[agenthelios1]

Too late its AAA rating is gone. Can anyone be surprised? Washington is run by a bunch of Wall St. fuck faces who are used to selling junk bonds and defrauding investors.

Greatest depression is just off in the horizon for US. Its no longer a superpower. The world is wise to their money scheme as made clear by Putin and China.

only 235 views? I suppose people are more interested who "Snooki" fucked this week.