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AtLast · 08-06-2011, 09:14 AM

http://www.bloomberg.com/news/2011-0...n-concern.html
Yes, at this time, only S & P actually downgraded the US credit rating, but, both of the other 2 rating firms (Moody's & Fitch) are not optimistic about the US keeping the AAA ratings they are sticking with right now.

They could also downgrade us at any time. Most likely they could do this when the "super-commission" that will be appointed to offer up the budget cuts necessary via the recent debt-ceiling bill. We are not out of the woods at all with this and these downgrades can and will trickle down to both the middle and working classes. In fact, this could very well smack down even further any gains that just "common folk" might be making if they have been fortunate enough to find work after being laid off due to the recession.

I don't like scare tactics (especially when so many are so stressed economically right now), but this is not something we as a country should take lightly or wait for the direct effects it could have on us.

It seems to me that we ought to be sending messages to all 4 of the Congressional leaders (Reid, McConnell, Boehner & Pelosi) that will be appointing members to this panel stating that appointments need to be made up of people that are willing to compromise! Both sides have already been talking about appointing stead-fast reps of their party that hold to the same damn things that caused the debt-limit mess- and brought on the S & P downgrade. We need more of this conflict???

08-06-2011, 09:14 AM	#43
AtLast Infamous Member How Do You Identify?: Woman Preferred Pronoun?: HER - SHE Relationship Status: Relating Join Date: Nov 2009 Location: CA & AZ I'm a Snowbird Posts: 5,408 My Photo Gallery Thanks: 11,826 Thanked 10,827 Times in 3,199 Posts Rep Power: 21474857	Other 2 rating agencies could also downgarde the US http://www.bloomberg.com/news/2011-0...n-concern.html Yes, at this time, only S & P actually downgraded the US credit rating, but, both of the other 2 rating firms (Moody's & Fitch) are not optimistic about the US keeping the AAA ratings they are sticking with right now. They could also downgrade us at any time. Most likely they could do this when the "super-commission" that will be appointed to offer up the budget cuts necessary via the recent debt-ceiling bill. We are not out of the woods at all with this and these downgrades can and will trickle down to both the middle and working classes. In fact, this could very well smack down even further any gains that just "common folk" might be making if they have been fortunate enough to find work after being laid off due to the recession. I don't like scare tactics (especially when so many are so stressed economically right now), but this is not something we as a country should take lightly or wait for the direct effects it could have on us. It seems to me that we ought to be sending messages to all 4 of the Congressional leaders (Reid, McConnell, Boehner & Pelosi) that will be appointing members to this panel stating that appointments need to be made up of people that are willing to compromise! Both sides have already been talking about appointing stead-fast reps of their party that hold to the same damn things that caused the debt-limit mess- and brought on the S & P downgrade. We need more of this conflict???