United States credit rating downgraded again [Archive] - Glock Talk

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G19G20
04-09-2012, 13:45
It's getting some media attention but seems mostly ignored by them.

http://nation.foxnews.com/us-credit-rating-downgrade/2012/04/06/egan-jones-downgrades-us-credit-rating

mj9mm
04-09-2012, 14:56
who cares, it was bush's fault, right:whistling:

JBnTX
04-09-2012, 14:59
What does "structural changes" mean?

G19G20
04-09-2012, 15:36
What does "structural changes" mean?

That whole "spending 40% more than we take in" thing. The Federal Reserve ended up purchasing 61% of all federal debt issuance last year. The deficit spending just isn't sustainable and we're losing our ability to pawn off our debt onto greater fools around the world.

GLOCK17DB9
04-09-2012, 18:27
Remember November is coming!:rofl: VOTE:tongueout:

mj9mm
04-09-2012, 18:36
sounds like we're losing the battle of the fools

QNman
04-09-2012, 18:38
Unfortunately, most of us shouldn't be surprised. More unfortunately, this is only a big deal when a Republican can be blamed. Although right about now, I blame them all.

TEOTWAWKI is almost here. It just isn't going to look like the movie version.

aircarver
04-09-2012, 18:59
Why should the government be any different from any other out-of-control spendthrift that is living well beyond his mean ? ....

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