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Saturday, August 6, 2011

Loss of AAA Rating!

The United States of America has had a AAA credit rating since 1917. That rating survived WWI, the Great Depression, World WarII, The Korean War, Vietnam, Jimmy Carter, 9-11, and those "unfunded" wars in Afghanistan and Iraq. It couldn't survive less than one term of the current White House occupant's misguided policies"

Michael J. Fell

1 comment:

  1. "Also Wall Street quiet after U.S. credit downgrade China chastises U.S. over debt By Jim Puzzanghera, Los Angeles Times August 6, 2011, 6:14 p.m. Reporting from Washington— The historic decision by Standard & Poor's to downgrade the U.S. credit rating may provoke some havoc in financial markets this week, but it's unlikely to deliver the shock necessary to prod Washington politicians to take the unpopular steps required to cut the nation's debt.,0,6289122.story"