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Discussion in 'The Okie Corral' started by ViperGlock, Aug 5, 2011.
Dang.. there goes all the 9mm ammo at my local Wal-Mart.
Good thing we got that debt ceiling raised so we didn't loose that triple A...uh...wait, what?
What a surprise-I wonder what the US pays in intrest every daynevermind I looked it up
older info but sad still.
Nah, that was so we could borrow more to avoid defaulting on our debt. Whereas we lost the AAA rating due to carrying too much debt. So now, just like the guy with a lower credit score, it will cost our government more to borrow money.
What's that you say?
It's the big one?
Best to put these guys in charge, I'd have more confidence in their leadership:
This is the worst thing to happen to the USA since 9/11, maybe even worse since it is self inflicted.
We are now entering uncharted territory.
Notice they released this bad news on a Friday evening after the markets closed.
Monday morning at the NYSE should be interesting.
But of course. Spin for the win!!!!
Repeat after me....
There is no financial crisis.
Unemployment is fine.
Your wages are not stagnating.
Your property is not devaluing.
Your taxes are not rising.
There have been no terrorist attacks on U.S. soil since 9/11.
Grandma might have a device in her Depends. Into the x-ray machine citizen. Of course it's safe!
On and on and on and on.....
Enjoy the decline friends. Rome is burning.
Here's the official statement from S&P:
I just paid the balance off on my credit card just in case some wacky stuff happens.
How much .223 and 12-gauge should I order tonight?????????
Yes, I thought that seemed more than merely coincidental, too.
Say it ain't so!
Gee, and we never saw this coming...
That Hope and Change working for you yet?
And to think, just 24 hours before the downgrade POTUS was partying in the Rose Garden with Jay-Z and Oprah.
Happy birthday Mr. President!
DOW already gave back the year's gains when the bill was signed.
Any one care to guess what will happen in the equities market? I didn't see this one coming. What usually happens?
Is it me or did that press release say they wanted us to raise intrest rates? (Among other things) In other words to inflate our way out of debt?
Isn't S&P one of those rating agencies which assured one and all that the derivatives of derivatives of derivatives of lyers' loan home mortgages were AAA securities?