Another bump in the road

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From the Associated Press:
Fitch says 'fiscal cliff' may cost US 'AAA' rating
Fitch warned that the U.S. is more likely to lose its top-notch "AAA" rating if lawmakers cannot agree on how to cut the deficit and avoid the broad government spending cuts and tax increases that go into effect next year if no deal is reached.
Lest we forget:
In the first-ever downgrade of U.S. government debt, Standard & Poor's last year cut its rating from "`AAA" to "AA+" after the government failed to come up with a plan to reduce the deficit.
Two downgrades. We are neck deep in the big muddy and the big fool says to push on! 'Big muddy' from here.

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About this Entry

This page contains a single entry by DaveH published on December 19, 2012 10:02 AM.

Going to get interesting in New York City was the previous entry in this blog.

First they came for our guns is the next entry in this blog.

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