S&P Downgrades U.S. AAA Bond Rating To AA+, Outlook Negative

I suppose we have the Tea Party Caucus in Congress to thank for this development.  Of course they’ll deny they did anything to cause this downgrade, but hell, they deny climate change, evolution, parts of The Constitution, slavery, etc. so we already know how they will spin this as all Obama’s fault… TPMDC As threatened, the… More S&P Downgrades U.S. AAA Bond Rating To AA+, Outlook Negative

Credit agencies warn GOP of ‘death spiral’

“No one is as deaf as the man who will not listen.” ~ Jewish Proverb Politico House Republicans were cautioned Thursday in a closed door meeting with credit rating agency officials that a “death spiral” in the bond market was one of the possible outcomes in the event of default. One official warned of a worst-case scenario… More Credit agencies warn GOP of ‘death spiral’