This is really damning news. The US currently has a AAA bond rating due to its historic ability to pay back debt. However thanks to the 3rd World style economics of policies of the Obama regime, it’s now at risk. An independent agency said that because of the size of it'[s debt, the US should really have a C rating.
There have been increasing concerns about the fate of United States’ prized triple-A sovereign debt rating. While Standard and Poor’s recently downgraded its U.S. debt outlook to negative from stable, implying that a ratings cut could happen in two years, one independent ratings agency has given the U.S. sovereign rating a “C”.
“A ‘C’ is equivalent to approximately a triple-B on the S&P, Moody’s and Fitch scales. It’s two notches above junk and one notch above the equivalent of a single A,” Martin Weiss, President of Weiss Ratings, told CNBC Tuesday.
This should be a wake up call to the Obama Regime. A C rating would have disastrous consequences for this nation. Boehner and his gang need to grow a pair and stand up to Obama and Bernanke.
Tags: Ben Bernanke, C rating, Debt Crisis, Speaker John Boehner, Weiss Ratings
