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S&P Downgrades U.S. Debt Rating, First Time in History


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S&P Downgrade U.S. Debt Rating, First Time in History
The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor's. S&P dropped the ranking one level to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics," S&P said in a statement late Friday.
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WARNING: The negative rating for US Debt will cause serious harm to the U.S. economy, the stock market and the dollar. The economist who predicted this downgrading is warning of another market crash.
See his urgent message — Go Here Now

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