THANKS OBAMA: USA LIKELY TO GET FIRST EVER DOWNGRADE AS DOLLAR PLUMMETS

The U.S., rated Aaa since 1917, was placed on negative outlook, New York-based Moody’s said in a statement today as it confirmed the rating.

VIA HOT AIR:

On Tuesday, Fitch Ratings said the agreement to raise the debt ceiling and make spending cuts was an important first step but “not the end of the process.” The rating agency said it wants to see a credible plan to reduce the budget deficit “to a level that would secure the United States’ `AAA’ status.”

And late on Tuesday, Moody’s Investors Service assigned a negative outlook to U.S. debt, but confirmed its AAA rating — for now. A negative outlook means the rating agency could lower the rating in the next 12 to 18 months. Moody’s said that continued slow economic growth, higher interest rates could lead to a downgrade. Moody’s also said weak fiscal discipline in the coming year could do the same…

“Growth healed all wounds in 1995,” [Federated Investors' Joe] Balestrino said. “However, now the U.S. doesn’t have enough vitality to grow its way out.”…

Because of that, many analysts believe that U.S. debt will eventually be downgraded to AA. And if that happens, it could be tough to regain the AAA rating.

BY DESTROYING OUR ECONOMY AND CURRENCY OBAMA IS EFFECTUATING EVERY POSTMODERN LEFTIST'S WET-DREAM:

CASTRATING THE DEFENDER OF THE WEST, AND THEREBY BRINGING THE WEST DOWN ON ITS KNEES.

(MAYBE OBAMA THINKS ITS EASIER TO LEAD FROM BEHIND IF YOU'RE DOWN ON YOUR KNEES?)

IF OBAMA ISN'T DOING IT ON PURPOSE, THEN HE'S THE MOST INCOMPETENT PERSON EVER TO HOLD THE OFFICE.

BUT WE KNEW THAT IN 2008 - BEFORE HE WAS SWORN IN!)