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S&P Cuts US Credit Rating to AA+
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<blockquote data-quote="wkmac" data-source="post: 864148" data-attributes="member: 2189"><p>I was just reading <a href="http://reason.com/blog/2011/08/05/standard-poors-downgrades-us-d" target="_blank"><span style="color: #ff0000">this article </span></a>at Reason on the S&P downgrade and a thought occurred to me. If the folks at S&P as well as other organizations were so smart, why didn't they downgrade the US credit rating or threaten too earlier as a means to firing a shot across the bow of the US Ship of State? What if they had done this for example during the Bush years?</p><p></p><p>Or is it, they've been enjoying the "all you can eat" food bar at the gov't trough too and now that the cupboard in bare.........</p><p></p><p>What happens to our own credit rating when we have to many credit cards or the trends on our personal debt are seen as rising? Never knew those ratings waited for us to fall off the cliff before they downgrade. Oh wait, they don't work that way to they!</p></blockquote><p></p>
[QUOTE="wkmac, post: 864148, member: 2189"] I was just reading [URL="http://reason.com/blog/2011/08/05/standard-poors-downgrades-us-d"][COLOR=#ff0000]this article [/COLOR][/URL]at Reason on the S&P downgrade and a thought occurred to me. If the folks at S&P as well as other organizations were so smart, why didn't they downgrade the US credit rating or threaten too earlier as a means to firing a shot across the bow of the US Ship of State? What if they had done this for example during the Bush years? Or is it, they've been enjoying the "all you can eat" food bar at the gov't trough too and now that the cupboard in bare......... What happens to our own credit rating when we have to many credit cards or the trends on our personal debt are seen as rising? Never knew those ratings waited for us to fall off the cliff before they downgrade. Oh wait, they don't work that way to they! [/QUOTE]
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