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Another US credit downgrade

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hypocritexposer

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Credit rating agency Egan Jones downgraded the United States Thursday on concern over the sustainability of public debt in the world's biggest economy.

The U.S.'s rating was cut one notch to double A, two notches below the highest rating, down from double A plus. Egan-Jones is considered among the larger ratings firms after the big three of Standard & Poor's, Moody's Investors Service and Fitch Ratings.

Egan said the U.S.'s total debt as a percentage of gross domestic product may rise above 112% by the end of 2013, a level that will restrain the country's financial flexibility.

"Without some structural changes soon, restoring credit quality will become increasingly difficult," the company said in a statement.

Read more: http://www.foxbusiness.com/economy/2012/04/05/egan-jones-downgrades-us-to-aa-from-aa/#ixzz1rHIQ2Jhs
 

Faster horses

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hypocritexposer said:
Credit rating agency Egan Jones downgraded the United States Thursday on concern over the sustainability of public debt in the world's biggest economy.

The U.S.'s rating was cut one notch to double A, two notches below the highest rating, down from double A plus. Egan-Jones is considered among the larger ratings firms after the big three of Standard & Poor's, Moody's Investors Service and Fitch Ratings.

Egan said the U.S.'s total debt as a percentage of gross domestic product may rise above 112% by the end of 2013, a level that will restrain the country's financial flexibility.

"Without some structural changes soon, restoring credit quality will become increasingly difficult," the company said in a statement.

Read more: http://www.foxbusiness.com/economy/2012/04/05/egan-jones-downgrades-us-to-aa-from-aa/#ixzz1rHIQ2Jhs

Too bad some folks are only worried about THEIR Medicare.
 

Sandhusker

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Will Obama blame..?;
1) The Tea Party
2) George Bush
3) The Arab Spring
4) The Japanese Tsunami
5) Republicans trying to undermine him
6) Koch Brothers
7) Rush Limbaugh
8) Sarah Palin
9) Todd Palin
10) Bristol Palin
11) Willow Palin
12) Trig Palin
 

Tam

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Sandhusker said:
Will Obama blame..?;
1) The Tea Party
2) George Bush
3) The Arab Spring
4) The Japanese Tsunami
5) Republicans trying to undermine him
6) Koch Brothers
7) Rush Limbaugh
8) Sarah Palin
9) Todd Palin
10) Bristol Palin
11) Willow Palin
12) Trig Palin

13) Paul Ryan
14) Mitt Romney
15) Sheriff Joe
16) Whites
17) Fox News
18) Conservative Supreme Court Justices
19) US voters that are too stupid to understand his GREATNESS
20) All of the above

And I'm voting for ALL OF THE ABOVE
 

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