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Standard & Poor's to downgrade US government debt ?

 
Dana Scully
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User ID: 1346124
United Kingdom
04/18/2011 05:53 PM
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Standard & Poor's to downgrade US government debt ?
The US has been warned that the credit rating on its government debt could be cut by Standard & Poor's.

S&P is concerned that Democrats and Republicans will not be able to agree a plan to reduce the growing US deficit.

It has downgraded its outlook from stable to negative, increasing the likelihood that the rating could be cut within the next two years.

[link to www.bbc.co.uk]



this is it ! the doom is coming, the other credit rating organizations will follow suit, but which will cut the rating first ?

surly a downgrade to AA or even A will be the straw that broke the camels back, the Dollar is surly now on the edge of a precipice, can it hold on though ?
What I find fantastic is any notion that there are answers beyond the realm of science. The answers are there. You just have to know where to look.

We're all gonna die. The only question is when & how you check out. Do you want it on your feet? Or on your knees... begging?! I ain't much for begging! Nobody ever gave me nothing!

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