Connect with us

archive

S&P Credit Analyst Says Company May Downgrade US AAA Rating Before August

Thanks Barack.

Standard and Poors credit analyst David Beers told Neil Cavuto that the S&P may downgrade their USA rating before the end of the month and as early as Monday.

This would be the first time the US would lose their AAA rating.

Another breakdown in talks could also lead to the downgrade.  

Barack Obama still has no plan.


Again, let’s be clear…

This potential downgrade is not a complete surprise.

Obama tripled the deficit his first year with the failed Obama-Pelosi stimulus plan. In Obama’s second year the deficit topped a trillion dollars again. It was unprecedented.

The Obama deficit this year may reach $1.29 trillion. (The Captain’s Comments)

Barack Obama and Democrats also added over One Trillion Dollars to the Federal Budget in the last 4 years.

That’s at least a 30% increase in federal spending in just 3 years.

Obama has no intention of serious spending cuts. He still has no plan.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Jim Hoft is the proprietor of Gateway Pundit Blog from the heart of America-- St. Louis, Missouri.  He is also a guest-blogger for HUMAN EVENTS.com.

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement
Advertisement

TRENDING NOW:

Woke Mafia Panics as Game of Thrones Slays Queen SJW

CULTURE

MILK-FAKE: UK Papers Push Farage Fake News 1 Day Before Election

FOREIGN AFFAIRS

Human Events from London: Farage’s Eyes Power As Brexit Party Surges.

FOREIGN AFFAIRS

Obama Judges Kill Americans’ Privacy to Help Democratic House Harass Trump

U.S. POLITICS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter