S&P Ratings Lowers Long-Term Outlook for U.S.

Be afraid.

From this news site:

Standard & Poor’s Ratings Service has lowered its long-term outlook for the United States’ sovereign debt to “Negative” from “Stable” due to risks from the country’s growing deficit.

But the agency also reaffirmed the investment-grade credit ratings on country’s long-term and short-term debt.

S&P says the U.S. has a high-income, diversified and flexible economy that has helped it to encourage growth while containing inflation. But the country’s ballooning deficit could offset those positives over the next two years.

The agency noted that the deficit grew to 11 percent of gross domestic income in 2009. That is much higher than the average of two percent to five percent in the previous six years.

©2011 The Associated Press. All rights reserved.

About Eeyore

Canadian artist and counter-jihad and freedom of speech activist as well as devout Schrödinger's catholic

2 Replies to “S&P Ratings Lowers Long-Term Outlook for U.S.”

  1. Standard & Poor’s Ratings Service negative rating of the U.S. Economy should be the alarm sounding the warning against the direction Obama, and the Democrats are taking us. Unfortunately though it is merely a signal to them to go full steam ahead in destroying the country they really hate, and truly want to destroy. For to them it is in our destruction can they then take full control over it. It is the “ORDO AB CHAO” towards their New World Order which they truly lust for. Never waste a crisis, remember? Only until they’ve created total anarchy and chaos will they then be able to institute their final solution.

  2. IMHO it’s all part of the plan to by our’ Dear Leader’ and his Commissars to wreck the US economy and impoverish the population, to install an Orwellian ‘New World Order’. Under the governance of ‘Big Brother’ everyone will be ‘equal’ and totally dependent on the regime or government for even basic needs. What better way is there to enslave a population then to impoverish them? There will be no need for government goons or ‘storm troopers ‘ to kick in ones door to seize ones hard earned wealth, just confiscation by excessive taxation, and currency devaluation by manipulation.

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