USA credit rating dropped by S+P to AA+[views:1905][posts:11]__________________________________ [Aug 5,2011 9:32pm - demondave ""] http://finance.yahoo.com/news/SampP-downgrades-US-credit-apf-2107320979.html "S&P said it was now "pessimistic about the capacity of Congress and the administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics anytime soon."" I have opinions on this but I'll let /r/ have a crack at it first |
| _____________________________________ [Aug 5,2011 9:44pm - the_reverend ""] heh |
| ____________________________________ [Aug 5,2011 11:03pm - Alx_Casket ""] [img] |
| ______________________________________ [Aug 6,2011 12:55am - frankovhell ""] So we lost an A from our rating... I'm going to just officialy refer to us as "merica" now. |
| _________________________________ [Aug 6,2011 8:21am - ShadowSD ""] What this means is "pay for your own tow truck, ya alki..." (AA instead of AAA) |
| ___________________________________ [Aug 6,2011 9:13am - Alx_Casket ""] "The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluctuations, thereby rendering property insecure and the wages of labor unsteady and uncertain." -- Andrew Jackson |
| ___________________________________________ [Aug 6,2011 11:05am - FuckIsMySignature ""] LOL I think this comment sums it up. From Diane: "The government today, announced that it's changing it's emblem from a Bald Eagle to a CONDOM, because it more accurately reflects the government 's political stance. A condom allows for inflation, halts production, destroys the next generation, protects a bunch of #$%$ and gives you a sense of security while you're being screwed. It just doesn't get more accurate than that!" http://finance.yahoo.com/blogs/daniel-gros...-victim-gop-sabotage-021622372.html |
| __________________________________ [Aug 6,2011 11:18am - ShadowSD ""] [img] "C'mon everybody let's have sexual congress, not the kind of Congress that contained Paul Tsongas..." |
| ___________________________________________ [Aug 6,2011 12:09pm - FuckIsMySignature ""] "International supervision over the issue of U.S. dollars should be introduced and new, stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country," Xinhua said. http://finance.yahoo.com/news/China-flays-...-over-credit-rb-3974888722.html?x=0 |
| ____________________________ [Aug 6,2011 1:13pm - pam ""] Alx_Casket said:"The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluctuations, thereby rendering property insecure and the wages of labor unsteady and uncertain." -- Andrew Jackson FTW |
| _________________________________________ [Aug 6,2011 11:17pm - ridahsofdizoom ""] Alx_Casket said:"The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluctuations, thereby rendering property insecure and the wages of labor unsteady and uncertain." -- Andrew Jackson I'mma go further and say all currency systems including gold, labour-checques, time stamps etc have no value. so we can either barter or work to live, hard to explain for most but you go to work out in the fields, factory, school, hospital for 5 hours a day or something and then whenever you feel like it go pick out clothes, shoes, food, fuel, whatever from the shops without the need to exchange anything, you already did the work. In before someone says the typical "everyone will turn into free-loaders" argument. |
| ______________________________________ [Aug 7,2011 10:19am - goatcatalyst ""] Shut up |