Monday, April 18, 2011

US Debt on Negative Outlook!

The rating agency S&P today put out a negative outlook for the US debt rating, citing a deficit of 11% and no clear political consensus to do anything about it.

The White House had some interesting responses, according to CNBC. Among other things, the White House thought they should be given more time to get things in order before any ratings agencies take action.

Is this the same set of people who complained about slow ratings adjustments as Bear Stearns, AIG and Lehman were going down?

Ah, hypocrisy.

1 comment:

secure tabs said...

Debates are so important in this kind of races to the power, be careful about your answers and opinion, keep your personal ideas in mind !