Quote:
Originally Posted by Kamui4356
Not surprising. What should have been a simple procedural matter for congress was artificially turned into a crisis that nearly brought the world's economy crashing down. It's hard to make an argument that the US deserves a AAA rating after something like that.
|
By all rights, it should have been downgraded in 2007 during the collapse or way back when we started fighting wars off the budget with no funding ... but as we're seeing, the rating companies occupy no special place on Mount Olympus. They were coddling along with the Bush administration, they've been absurd on Europe, they favor economic policies that are ruinous for the middle class and poor, and they made a ridiculous $2 trillion dollar error in their decision in the US rating. When caught on it, they sidestepped and ramble about it being an assessment of politics.... really? then why didn't they say that first, eh?