United States Downgraded Credit by Standard & Poors From AAA to AA+

[GottImHimmel]

Standard and Poors Credit Rating Agency went ahead against threats from the Obama administration and amidst protest to downgrade the United States debt rating from a Pristine AAA to a respectable AA+ with a negative outlook.

Facts: Since the year 1917 the United States had a AAA rating, through the great depression, world war 2, korean war, vietnam war, gulf wars, and 9-1-1.

-The U.S has a 14 trillion dollar debt, that's $14,000,000,000,000 in the RED

-The U.S has over 100 trillion in unfunded liabilities.

My Opinion: The Obama administration is running our great nation into the ground with a corrupt gov't and Keynesian economic style. With a massive number of people now on food stamps and welfare, not to mention the mess that social security, medicare and medicaid are, we are running into a calamity possibly the size of the great depression. We owe over 2 trillion to a single nation, China. If we do not elect fiscally conservative businessman with advisors who actually were in the real world, than we are in trouble.


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GottImHimmel