Jamesb101.com

commentary on Politics and a little bit of everything else

S&P may cut US Bond ratings…..A wake up call?….

infiniteunknown.net

The United States Government has a triple -A rating on its Bonds…..

If S&P startes a  down grade going…

This will further cost the government and you and me….

The market has not taken this news well….

And while Congress is at home on recess….

This IS a warning to Democrats and Obama that the financial people want the bullshit done with..

And solution put down on paper….

Man I wouldn’t want to be the people who issued this….

(They are going to be under HUGE pressure by the US Government to ease this advisory)

You know S&P is going after the concept that the deficit doesn’t really matter….

And…

Playing into the Tea Party and Conservative hands….

(Politics is alawys involved on this level of things )

Leaving the Democratic ‘social safety net ‘ concept  out in the cold….

But basically I give S&P credit….

Budgets are and always will be political documents…

All this noise and theatre needs to calm down…

The House GOP and the President need to sit down in a room 

And lock the doors until they can come to agreement on a plan that will address the Debt Ceiling AND the 2012 budget…..

It  is simply NOT fair to American’s…..

And the world that these people are fighting over this countries future as anextension of Barack Obama becoming President….

He’s got the job people…

Move on…

This IS about all of America…..

Not just the Rich, the Poor..and the Middle Class…

But this IS gonna take cuts and a increase in taxes….


“More than two years after the beginning of the recent crisis, U.S. policy makers have still not agreed on how to reverse recent fiscal deterioration or address longer-term fiscal pressures,” S&P credit analyst Nikola G. Swann said. He said the rating agency puts the chance of a U.S. downgrade within two years at least one-in-three.

The move comes amid continued hand-wringing over the balance sheet of the world’s largest economy and disagreement among politicians on how to address fiscal woes as economic growth remains tepid.

S&P said Monday it sees material risk that policymakers might not agree on how to address budgetary challenges by 2013, which would render the U.S. fiscal profile weaker than that of other triple-A-rated countries.

S&P said Monday the U.S.’s rating is supported by its flexible and highly diversified economy and a consistent global preference for the U.S. dollar, which gives it “unique external liquidity.”

A senior Treasury Department official said that Standard & Poor’s negative outlook underestimates the country’s ability to face fiscal challenges…..

More….

From Politicaldog101……
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April 19, 2011 - Posted by | Breaking News, Government, Media, Politics, Projections, The Economy, Updates | ,

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