Posted 1 year ago on April 17, 2012, 12:19 a.m. EST by hchc
from Tampa, FL
This content is user submitted and not an official statement
I've seen a few people here that seem to think one political side of the isle or the other is responsible for our credit downgrade. They arent.
Once people get to a certain level in this wold, they realize that the whole D vs R thing is nothing more than a pony show for the masses. Both parties are bribed and bought on a consistent basis. The ones who fund them, fund both sides, usually pretty equally. Plus, they prescreen all the candidates that we get to "choose" from.
These ratings agencies are usually out of their mind. I can argue this one either way.
The USA should not be donwgraded because, quite frankly, we can blow a hole in anyone else that wants to try us. That kind of power means the dollar is on top, and there should never be a worry, since we make the rules.
The other side is, this country is such a runaway train, that if it were valued like a REAL company, and not this dollar mania hoopla, it would prob be near junk status.
The ones with money dont give a shit about tea parties, and the "full faith and credit" shit. THey want your money. Another debt ceiling or not, its going to keep coming down. It's already been downgraded again since last summer, by a few other semi-major agencies.
Raise it, lower it, keep it the same. The rating is going to come down, because they want your fuckin money.