The Obama Boom continues it historic torrid pace. Standard and Poors has downgraded the US’s fiscal outlook to negative. Clearly Obama’s demagogue of the Ryan budget and his own false deficit reduction plan didn’t impress the market.
“Because the U.S. has, relative to its ‘AAA’ peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable,” the agency said in a statement.
The S&P said the move signals there’s at least a one-in-three likelihood that it could lower its long-term rating on the United States within two years.
S&P knows Obama isn’t serious about deficit and debt reduction. If our AAA rating gets lowered, he will blame Bush and just demagogue the markets. He is allowed by the media and the GOP to get away with his lies. The consequence will be
Tags: Bond Rating, Standard and Poors
