United States loses AAA credit rating from S&P

Re:United States loses AAA credit rating from S&P by TomOfTTB on Friday August 05, 2011 @09:12PM (#2852528)

I'm sorry but this seems alarmist to me. Any automated system can make an exception. For your logic to hold these institutional investors would have to not take notice of the U.S. Government having its credit rating dropped. You're arguing they'd treat the United States and "any other investment" and rely on an automated system.

That's not going to happen.

Plus S&P's logic is shaky on this. The whole reason the threat of S&P dropping our rating has had no impact is because their demands were impossible to achieve. Cut $4 trillion from the budget in 10 years when we're expected to add $9 trillion in the next 4? Not possible and everyone knows it.

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Re:United States loses AAA credit rating from S&P by darksaga on Saturday August 06, 2011 @12:06AM (#2852956)

I think they sending a clear message to the US government to get their financial house in order. The fact this has never happened (to either democratic or republican presidents in the history of the country) is a major issue.

Imagine if we actually passed the balanced budget amendment back in 1997 - things would be a LOT different.

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Re:United States loses AAA credit rating from S&P by rayiner on Saturday August 06, 2011 @04:12PM (#2854813)

Is S&P in the business of politics (re: sending a message), or accurately stating whether the US would be able to pay its debts?

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