Sunday, August 7, 2011

S&P AA+ rating on U.S. Sovereign Debt not Low Enough

On Friday evening Aug 5th Standard & Poor's downgraded U.S sovereign debt from AAA to AA+ with a negative outlook. By raising the debt ceiling Congress and Obama had hoped to avoid a downgrade. Ironically it was their very actions that caused the downgrade to happen.

1 comment:

  1. It is absolutely foolish to think the rating went down for any reason other than our inability to raise revenue.


If the post you are commenting on is more than 30 days old, your comment will have to await approval before being published. Rest assured, however, that as long as it is not spam, it will be published in due time.

Related Posts with Thumbnails