Saturday, August 6, 2011

Standard and Poor's Dowgrades U.S. Credit Rating from AAA to AA+

Reuters is the bearer of bad news this time. Because the United States failed to exercise sufficient fiscal discipline in the recently-concluded debt-limit compromise, interest rates will rise across-the-board for government, businesses, and consumers. Once again we are reminded, the election of Nov. 2012 cannot come soon enough!

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