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IPFS News Link • Government Debt & Financing

US AAA credit rating downgraded

One of the top credit rating agencies, Standard & Poor's, has downgraded the United States' top-notch AAA rating. S&P cut the long-term US credit rating by one notch to AA+, citing concerns about growing budget deficits. As rumours swirled earlier about the downgrade, unnamed US officials had told US media that S&P's analysis of the US economic situation was flawed. The move follows the long political battle in Washington in recent months over raising the US debt ceiling.

1 Comments in Response to

Comment by James17
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The unelected government within the US government has control over what has been going on for a lot longer then the first signs of these problems. Don't think for one second that those crooks have not set this up to happen just the way we are seeing it unfold. Get ready for one of their next moves by doing away with the borders with Canada and Mexico. For what reason would they want to do that? In a so-called move to strengthen the monatary power of these three countries and again for so-called protection from outside forces. I set no timeline, but keep it in mind and when you see them attempting to bring it to pass, you had better be ready for things to take an horrible dive further down that road of total control takeover by corporations. To them remember, the rest of us are, "the little people".

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