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US government loses triple A credit rating

Discussion in 'The Okie Corral' started by ViperGlock, Aug 5, 2011.

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  1. NewGlockShooter

    NewGlockShooter

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    Dang.. there goes all the 9mm ammo at my local Wal-Mart. :crying:
     

  2. imjustron

    imjustron

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    Good thing we got that debt ceiling raised so we didn't loose that triple A...uh...wait, what?
     
  3. hpracing007

    hpracing007

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  4. Steel Head

    Steel Head Tactical Cat

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    Last edited: Aug 5, 2011
  5. sputnik767

    sputnik767

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    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.
     
  6. HKLovingIT

    HKLovingIT Resident Evil

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    Yeeh-Haw!!!!!!

    What's that you say?

    [​IMG]



    It's the big one?


    [​IMG]



    Best to put these guys in charge, I'd have more confidence in their leadership:

    [​IMG]
     
  7. Flying-Dutchman

    Flying-Dutchman

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    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.
     
  8. CAcop

    CAcop

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    Monday morning at the NYSE should be interesting.
     
  9. HKLovingIT

    HKLovingIT Resident Evil

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    But of course. Spin for the win!!!!

    Hail Citizen,

    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.....:rofl:

    Enjoy the decline friends. Rome is burning.
     
    Last edited: Aug 5, 2011
  10. Henry's Dad

    Henry's Dad woof, woof

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  11. ViperGlock

    ViperGlock

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    Well…I just paid the balance off on my credit card just in case some wacky stuff happens.
     
  12. Powder

    Powder

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    How much .223 and 12-gauge should I order tonight?????????
     
  13. Bruce M

    Bruce M

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    Yes, I thought that seemed more than merely coincidental, too.
     
  14. RayB

    RayB Retired Member

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    Say it ain't so! :crying:

    Gee, and we never saw this coming... :upeyes:

    That Hope and Change working for you yet? :dunno:

    --Ray
     
  15. Henry's Dad

    Henry's Dad woof, woof

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    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!

    :brickwall:
     
  16. railfancwb

    railfancwb

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    DOW already gave back the year's gains when the bill was signed.
     
  17. hpracing007

    hpracing007

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    Any one care to guess what will happen in the equities market? I didn't see this one coming. What usually happens?
     
  18. CAcop

    CAcop

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    Last edited: Aug 5, 2011
  19. railfancwb

    railfancwb

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    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?
     
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