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Politics : The Obama - Clinton Disaster
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To: Wayners who wrote (49142)8/5/2011 10:02:19 PM
From: Hope Praytochange  Read Replies (1) of 103300
 
S&P lowered its rating on the U.S. by a notch to AA+ and, to compound the embarrassment, said the outlook is negative as well, as it threatened another reduction in two years. The rating agency said the deal reached by lawmakers to cut the federal deficit by an estimated $2.1 trillion over a decade didn’t go far enough, and “America’s governance and policymaking [is] becoming less stable, less effective, and less predictable than what we previously believed.” Read text of downgrade.
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