Article

2011-08-05 Economy

US credit rating cut for first time in history

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2011-08-05 21:10|| || Front Page|| [11129 views ] Top

#1 Full text

Posted by tipper 2011-08-05 21:21|| 2011-08-05 21:21|| Front Page Top

#2 Excerpt: The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed.

Posted by Anguper Hupomosing9418 2011-08-05 21:27|| 2011-08-05 21:27|| Front Page Top

#3 "America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed"

You thought the clowns in D.C. were stable and effective? Don't get out much, do ya'? (Predictable, they are - I've predicted for a long time that given the choice of doing what's right for the country or lining their pockets, they'll line their pockets every time.)

Posted by Barbara 2011-08-05 21:34|| 2011-08-05 21:34|| Front Page Top

#4 Not surprising. We are technically bankrupt. If you owe more than 50% of what you earn, you are bankrupt. While I believe the US will pay its debts, I would not be willing to loan it money without a higher interest rate.

Posted by DarthVader 2011-08-05 21:44|| 2011-08-05 21:44|| Front Page Top

Redacted by moderator. Comments may be redacted for trolling, violation of standards of good manners, or plain stupidity. Please correct the condition that applies and try again. Contents may be viewed in the sinktrap. Further violations may result in banning.

Posted by tipper 2011-08-05 21:48|| 2011-08-05 21:48|| Front Page Top

#6 Its not like S&P didn't state what they were interested in with the budget.

Listened to a guy on radio, said all the right things, seemed to know what he was talking about. He had some snide remarks for S&P, like where have you been until recently and why now that the problem is being publically addressed?

Can't say I disagree with either one of them. My question would be why would anyone loan money to a drunkard, unless it is a down payment or purchasing a controlling interest.

Posted by swksvolFF 2011-08-05 22:10|| 2011-08-05 22:10|| Front Page Top

#7 You own it, Barry. Lock, stock, and barrel...

Posted by tu3031 2011-08-05 23:01|| 2011-08-05 23:01|| Front Page Top

00:20 JosephMendiola
23:42 JosephMendiola
23:33 Frank G
23:01 tu3031
22:52 trailing wife
22:40 Steve White
22:22 swksvolFF
22:17 JosephMendiola
22:11 swksvolFF
22:10 swksvolFF
22:09 JosephMendiola
22:05 swksvolFF
22:04 JosephMendiola
21:48 tipper
21:44 DarthVader
21:34 Barbara
21:29 SteveS
21:27 Barbara
21:27 Anguper Hupomosing9418
21:26 SteveS
21:21 tipper
21:15 Frank G
21:08 JosephMendiola
21:06 JosephMendiola