S&P downgrades outlook on US debt to negative
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Uploaded by NMAWorldEdition on Apr 19, 2011
http://www.nma.tv/
Standard & Poor's has changed its outlook on US credit from "stable" to "negative." There is a one-in-three chance S&P will soon downgrade the US's previously rock solid triple-A rating. The grim news sent the stock market plummeting on Monday and sent investors into a panic. S&P based its decision on fears partisan disagreements will stall a budget resolution through 2013. The Obama administration is trying to downplay the news while still asking for support to raise the deficit ceiling. How much longer until America drowns completely in debt?
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Top Comments
All Comments (22)
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One
Big
Ass
Mistake
America!
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I like the animation, but nothing much will happen after S&P downgraded US' rating on Fri 5 2011. Remember these words "Too big to fail". This is the phrase for this decade until a new world order comes into being.
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It's not an issue of Dems vs Repubs people! This started in 1913 when the federal reserve was created by bankers. That's just one of the problems here. By moving away from the gold standard and using fiat currency the US was doomed from the start.
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America give your republican party a big hug for starting the crackes in all of our mutal distruction, and before all the fasist republians get on here throwing urealiable fiqures and numbers around, you downgrade is simple because the world thinks you are incapble of raising taxes ie revenues. The republicans have openly said they want a dollar for dollar swap with any revenues raised. thank you republican party of America from bin laden!
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@headfakez zero hedge is the best financial news!
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It is very strange to see the USA go bankrupt. Who ever could have imagined???
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0:47 nancy pelosi strikes
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Who cares on who made the economy bad it's both Bush and Obama's fault but really in the end were all screwed
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Bush did not raise spending across the board by 30% and bailout unions and banks at a cost of 1 Trillion Dollars. the 2008 Budget was All Dems. Deal in truth, or stfu.
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the one that led us here?
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thumbs up if you got directed to this page from zerohedge
headfakez 10 months ago 9
love these tubers
JustAintthatWay 10 months ago 2