Washington accused S&P management of a calculating error worth $2tn. Associated press, meanwhile, branded the decision of S&P to downgrade the US rating as a hasty decision based on erroneous forecasts. On Friday, Standard & Poor’s downgraded its rating of America’s national debt from the maximum AAA level to AA+. The forecast is negative. This means that the next 12 – 18 months may see a further downgrade with the US struggling to stay solvent.
It should have been downgraded years ago…
Quit crying America if you were an individual you would be put in jail for what you have done and cheated to get credit…
Jeesh what a bunch of cry babies our government is…
2 trillion error when you are as deep in debt as America is 2 trillion does not matter. We are broke. Flat busted and broke…
Coffee Talk!