Credit Rating Down
August 6, 2011 Leave a comment
S&P cut the long-term U.S. credit rating by one notch to AA-plus. The credit agency said it was making the move because the deficit reduction plan passed by Congress Tuesday did not go far enough to stabilize the country’s debt situation.
Good. Alright children. This what we get.
Good drop quote:
“This isn’t a downgrade of our ability to pay. It’s a downgrade of our political system.”