A credit downgrade for the first time in American history! How's that Hope and Change working out for you?
Standard & Poor’s announced Friday night that it has downgraded the U.S. sterling credit rating for the first time...S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending.
Frankly, the country deserves a little better than merely "historic".
Cross posted at LCR, Say Anything.
Posts
