Saturday, August 6, 2011

Prison Planet Update (08/06/2011) - U.S. Credit Rating Downgrade

Standard & Poor’s downgrades U.S. debt rating

Raw Story | The rating agency has gone ahead with the change, lowering the U.S. from AAA to AA+.


As promised, S&P downgrades United States AAA credit rating

Madison Ruppert | This downgrade will increase borrowing costs for the Treasury, meaning it will be even harder for our weak economy to work off the black hole of debt.

Daily Bail | Tim Geithner Making Predictions – U.S. Will Never Lose It’s AAA Credit Rating!


AAA-rmageddon: S&P downgrade knocks off US credit crown

RT | The destructive force is the crippling debt which Congress has struggled to agree on how to tackle, with only an 11th-hour deal to raise the amount allowed.