US May Lose Its 'AAA' Rating

[wirenut]

http://www.cnbc.com/id/27641538

[Mitt Romneys sideburns]

then I hope the US doesnt get a flat tire.

[Tenbatsu]

The U.S. should have lost its AAA rating a long time ago.

[nodope0695]

Damn, does that mean no more roadside assistance?

:D

[ShowMeLiberty]

Seriously worrisome.


The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.

"The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said.

"In the United States there is already a funding crisis, and they will have to sell a lot more bonds next year to fund the bailout packages that have already been signed off," Hennecke told CNBC.

In order to solve or stem the economic slowdown, Hennecke suggested the US would have to radically reduce spending across all sectors and recall all its troops from around the world. [Where have we heard THAT before? :rolleyes: ]

As for a stimulus package, there is not much of an industry left to stimulate back into life, Hennecke said.



Emphasis and comment added.

[Bruno]

Seriously worrisome.



Emphasis and comment added.

Yes, that particular sentence sounds eerily familiar. Where have I heard that before? ;)