Downgraded! US looses its' credit rating
The financial irresponsibility of democrats and the Obama Administration lead to S&P downgrade of the U.S. credit rating for first time in History.
Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a blow to the world’s economic superpower in what was a sharply worded critique of the American political system. Lowering the nation’s rating to one notch below AAA, the credit rating company said the U.S. government’s ability to manage its finances was “less stable, less effective and less predictable.” It said the bipartisan agreement reached this week to find at least $2.1 trillion in budget savings “fell short” of what was necessary to tame the nation’s debt over time and predicted that leaders would not be likely to achieve more savings in the future. “It’s always possible the rating will come back, but we don’t think it’s coming back anytime soon,” said David Beers, head of S&P’s government debt rating unit.
How much longer are we going to sit by and watch our nation systematically destroyed by the liberals and progressives in the Obama Administration?