SUBSIM Radio Room Forums - U.S. rating likely to be downgraded again: Merrill

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- - U.S. rating likely to be downgraded again: Merrill (https://www.subsim.com/radioroom/showthread.php?t=188991)

mookiemookie

10-24-11 08:26 AM

Quote:

Originally Posted by CaptainHaplo (Post 1773693)

Its the fault of government spending money it doesn't have.

Quote:

More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

http://www.standardandpoors.com/rati...=1245316529563

CaptainHaplo

10-24-11 08:32 AM

Yep - we agree mookie - the government spent too much - is spending too much - and the politicians of both sides refuse to truly address the problem.

While we may disagree on the solution - we agree its the fault of both sides that got us here.

soopaman2

10-24-11 10:26 AM

Quote:

Originally Posted by CaptainHaplo (Post 1773716)

I will third this then.

It all comes down to one thing.

Greedy and self serving government. The system is faulty, not the ideologies.:)

STEED

10-24-11 10:49 AM

Moody's has said they would have to downgrade the US if they see no improvement by the end of 2013. That was a few months back, no idea if they have changed from that point of view. As for Fitch not heard a thing from them.

http://en.wikipedia.org/wiki/List_of..._credit_rating

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