US Credit Rating Downgraded To AA+

[JoeRedskin]

Originally Posted by GusFrerotte

Why are we in the mess that we are in then? Who votes to spend the money like water? How could we not be downgraded when we are the worst nation on the planet in terms of total debt(rank 191 out of 191 nation states). Do you really think that our credit staying AAA wasn't due to politics? This nation should have been downgraded in 2008 or even before that. Do you really think this debt ceiling being raised is going to cure our ills? WE are going to default eventually, that is inevitable. Do you want to default down $14 trillion or say $20-24 trillion? Both parties are playing politics and are more concerned about getting reelected and pushing back financial armageddon til after the elections of 2012. S&P has every right to complain about our nations dysfunctional political system, for it is the main reason we are in this mess to begin with. Both parties are just two wings of the mega party that runs things in the US. Both wings are commanded by the same NE elites that run the banks and multinational corporations. Our Supreme Court also is dysfunctional, as it is on the take, along with the members of the House and Senate. Obama's cabinet is mostly Goldman Sach's flunkies. Everyone on Capitol Hill is owned by the Wall St banks. Do ou think re electing Obama is going to make things better? Romney? It will be business as usual whoever wins in 2012, as they are owned by the same people.

Sorry, I don't buy the "it's a conspiracy" part of the rant. It's been done before and will be done again. ("it's the Northeastern elite, it's the Jews, it's the Federal Reserve, it's the oil companies, etc.).

There are real philosophical differences about balancing the rights of the group v. the rights of individuals between the parties. Unfortunately, instead of intelligent debate about how those two interests should be balanced in order to fix the economy, both sides cater to the outer edges (not necessarily fringe) of their constintuencies and end up with a "Yeah Us!" platform that, in turn, leads to the gridlock saden1 so succinctly stated earlier.