Crap. It's going to be a zoo at work. Moody's will follow.

Brace yourselves, America, you're about to get a huge @ss farking. Oh charming, you also have an election year coming up.

djh0101010: That's just farking great. Let's see. Which party controls 2/3rds of the government at this time? Right. So, let's blame the tea party, who is a minority of the minority third.

Wow, really people? Get your shiat straight and stop blaming a minor minority for the failings of the Democrats. Run the damn numbers and/or STFU.

/yes, serious
//no, not trolling.
///no, also not staying up, sleepytime. Post whatever Joker images you want, I'll check in in about 8 hours to see how badly the leftist idiots have mis-represented, or pretended to mis-understand my points.

////no really, by all means, leftist idiots, go on about how a minority of the minority in one of 3 branches is to blame for everyone else failing. Um, er, show your work and all that, if it's not too much trouble. Idiots.


You also should read S&P's justification of the downgrade. You don't have to guess which part of our government is primarily responsible for the downgrade, they come right out and tell you.

But then again, if you actually used your brain and read what S&P was saying, then you wouldn't be a pathetic Republican shill.

MurphyMurphy: Rashnu: If this can be successfully pinned on Obama it'll all have been worth it.

que Fred telling Daphene to pull off the monster's mask, at which point the whole gang and the local sheriff see that the debt monster was actually (*insert right wing fanatic here*) who growls "and I would have gotten away with it too, if it weren't for you meddling kids"

/god if it was only that easy

Well it's not that easy, but our financial problems are easily still manageable to the point that they could surely be addressed by responsible, competent legislators with the best interests of the nation in mind and the willingness to take political risks and make tough choices in the name of good, rational, long-term public policy. Fine, yeah, we're screwed.

Cpl.D: I'm going to go home tonight, brew a pot of coffee, and watch TV. In the morning, I'm going to take a shower, have another pot of coffee, then serenely walk downtown and admire the sights as I take my stroll. Then, at the city circle, I'm going to find the nearest tea party member and serenely choke the life out of them.

Awesome

S&P downgraded nothing but their own credibility. The best credit rating is whatever the U.S.'s credit rating is. All they've done is blur any distinction between AAA and AA+.

make me some tea: So can we safely say now that "Teabagger" is the appropriate term for these assholes who farked this up?

Sure, if you insist on pretending that this is a problem only several months in the making.

Xetal: djh0101010: That's just farking great. Let's see. Which party controls 2/3rds of the government at this time? Right. So, let's blame the tea party, who is a minority of the minority third.

Wow, really people? Get your shiat straight and stop blaming a minor minority for the failings of the Democrats. Run the damn numbers and/or STFU.

/yes, serious
//no, not trolling.
///no, also not staying up, sleepytime. Post whatever Joker images you want, I'll check in in about 8 hours to see how badly the leftist idiots have mis-represented, or pretended to mis-understand my points.

////no really, by all means, leftist idiots, go on about how a minority of the minority in one of 3 branches is to blame for everyone else failing. Um, er, show your work and all that, if it's not too much trouble. Idiots.


You also should read S&P's justification of the downgrade. You don't have to guess which part of our government is primarily responsible for the downgrade, they come right out and tell you.

But then again, if you actually used your brain and read what S&P was saying, then you wouldn't be a pathetic Republican shill.

cc_rider: ////no really, by all means, leftist idiots, go on about how a minority of the minority in one of 3 branches is to blame for everyone else failing. Um, er, show your work and all that, if it's not too much trouble. Idiots.

Oh, STFU and EABOD..


/yes serious
//not trolling


Well, thanks ever so much for eloquently pointing out the flaws in my argument. Oh, wait...

Whoever didn't see that one coming is as blind as Anne Frank

djh0101010: T
///no, also not staying up, sleepytime. Post whatever Joker images you want, I'll check in in about 8 hours to see how badly the leftist idiots have mis-represented, or pretended to mis-understand my points. (new window)

cc_rider: I will never patronize any business ever, if I even smell a whiff of Tea Bags.
Wait...Ace Frehley died?



RIP ACE HARDWARE

FishInABowl: make me some tea: Not surprising.

So can we safely say now that "Teabagger" is the appropriate term for these assholes who farked this up?

Probably stumbling into troll bait but the criticisms of S&P, and the reason for the downgrade, is that the deficit deal didn't do enough to address entitlements, which is exactly what the tea party was trying to reform. Democrats blocked those changes.

Yeah, sure, if you want to deal in reality, but this is Fark, where anything that isn't pure Left Wing Democratic drivel is depicted as somewhere to the right of Attila the Hun. You can throw facts at them all day long, but that "liberal reality bias" doesn't admit to anything that doesn't suit their bias on reality.

S&P downgrades the United States' credit rating? What a joke. Standard and Poors? This is the SAME Company that gave the Mortgage Backed Securities of the top financial institutions AAA Ratings. I wouldn't trust S&P to rate the financial security of my nephew's lemonade stand.

These rating agencies are in the pocket of the banks they supposedly rate. S&P does what Goldman Sachs and UBS tell it to do. By the way, with the rating downgraded, these same banks get to charge us higher interest rates. They'll make more money by weaker investor confidence in the US Government.

Well, if a rating is a indicator of financial confidence... Between Standard and Poors and the Treasury of the United States of America... I think I'll trust the latter.

Here's an idea. Invest heavily in the Treasury Note, and pull your money out of the top 10 Banks. Put them into community banks and credit unions who are actually lending money to small businesses instead of the big banks that make their money on usurious interest rates, astronomically high fees and government bail-out recapitalization strategies.

Then let's see what these jerks at S&P say.

austin_millbarge: If my credit card rate goes up even one tenth of a percent over this I'm going to go f*cking medieval on some teabaggers.

Just stop spending money you don't have AND/OR bring in some more revenues to offset the ever-increasing interest you are accumulating and you'll be just fine...

The problem is our politicians didn't see that AND in there and the holy grails of lower taxes and increased entitlement spending had to be protected at all costs because...just, because...sigh

djh0101010: That's just farking great. Let's see. Which party controls 2/3rds of the government at this time? Right. So, let's blame the tea party, who is a minority of the minority third.

Wow, really people? Get your shiat straight and stop blaming a minor minority for the failings of the Democrats. Run the damn numbers and/or STFU.

2/3rds? All it takes is 1/3rd to be able to hold up passage of a bill.

Farking Congress, how does it work?

djh0101010: Wow, really people? Get your shiat straight and stop blaming a minor minority for the failings of the Democrats.

So, if the Democrats compromise and give your party the bulk of what they wanted in the bill, you consider it to be a "failing"??

Is it failing because they compromised or failing because of the insertion of Republican stipulations?

Wait...does this mean we can't get road service?

I can see the attack ads already:


*image of dark skies and time lapse roiling clouds*
*superimposed black and white picture of Obama appears and slowly zooms in*

*ominous voice*
"Under the presidency of Barrack Obama, America's credit rating was downgraded for the first time in history"

*THUNDERCLAP*
*Obama's image flashes to a negative exposure*

"Do you really want to give him four more years to destroy the American way of life?"

"Brought to you by: fark you, voter, we don't got to tell you jack squat"

Osama won.

Nem Wan: S&P downgraded nothing but their own credibility. The best credit rating is whatever the U.S.'s credit rating is. All they've done is blur any distinction between AAA and AA+.

0/10

From up North here it seems that the US Government cannot stop spending. For decades now.

The silliest thing I have ever read is that a bill can have stuff attached to it which totals more than the bill itself. And the stuff all seems to be frivolous that is not needed at all, especially as the treasury is running a deficit.

For farks sake, STOP SPENDING on crap!

Then you would not need to raise some artificially set number...

Kirk's_Toupee: OK so all of the debt that we have created since Regan.
at least 1 unnecessary war.
plus the heist from tarp
plus our debt ceiling = our gdp?
=equals crows coming home to roost.

Don't forget Medicare Part D and the deregulation of Wall Street that led the economic collapse in the first place.

Glad to see the shills already lined up to blame everyone but the very "Cut, Cap, and Balance" useful idiots representatives who took the country to the brink of default.

Remember when A was the highest rating you could have? Those were the days. Then they went and added AA and AA+ and all that mumbo jumbo. Didn't we buy our credit rating a few years ago? fark them. Too big to fail.

cc_rider: make me some tea: Not surprising.

So can we safely say now that "Teabagger" is the appropriate term for these assholes who farked this up?

May they rot in hell. Hope it was worth it, a-holes!

Yeah... let's get those hooked nose vermin. We would have a much better nation if they all just went away. Also, I hear they make an excellent alternative fuel source.


This was inevitable. Borrowing even more money when your at 100% of GDP in debt can only degrade your standing.

Bill, a tax cut isn't a "cost." You don't write a check for "tax cut." Your little chart may as well say "Money lost by not taxing people at 100% of their income."

I grant you that cutting taxes without cutting spending is irresponsible, though.

MrGMan: Just stop spending money you don't have

Can I have you give my wife a call to explain this please?

MrGMan: Just stop spending money you don't have AND/OR bring in some more revenues to offset the ever-increasing interest you are accumulating and you'll be just fine...

It's about managing existing debt, and what I expect to pay each month. So don't talk down to me like im some asshole that doesnt pay my bills or claims bankruptcy.

The point is, this didn't have to happen and it's because of these jerks who didnt give a rats ass about the debt when the white guy with the southern twang was running up the nations bill.

LawrencePerson: [img156.imageshack.us image 509x376]



Two can play at this game. Take that!

More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating," S&P said.

The shiat hit the fan and S&P is calling it as it sees it. Our political system is so broken, that we are incapable of taking the most basic steps to improve our economy.

Either political party can spin it whichever way they want: the fact remains that this is a problem that is not going to be "fixed" in one or two voting cycles. It's a decaying, rotting system that is about to go under.