U.S. rating likely to be downgraded again: Merrill

[mookiemookie]

Originally Posted by CaptainHaplo

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

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]

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]

Originally Posted by CaptainHaplo

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.

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]

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