USA May Not Regain AAA soon

The US will surely have a hard time regaining it's AAA rating. Due to large debt of the US, investors will surely refrain from investing. The Economic power of the USA has finally come to an end.

You know as much as I hope this is a cold slap in the face of reality for some people, I somehow doubt that it is going to be in the end. Some people make all of the promises in the world that things are going to change. However all of the words in the world are not going to change the fact that there are going to be some huge problems. I really do hope that I am wrong. I really hope that I am. I really hope that something happens, where the politicians pull their heads out of their backsides and do something. The saddest thing is that it might be too little too late. The sins of the past have finally struck us all at once and our poor management has lead to this point. We need to fix it quickly but there is really no room for quick fixes. Which I fear that we're going to try again.

I think the rating will get alot worse before it is overwith. The United States is not doing what it should be doing to pull us out of the rut. They are making it worse!

I really don't understand all of this political stuff about the money and credit. I think that as a nation we are horrible with our money management and so just like people who use credit cards, we need to be aware of our credit rating. I think that the country needs to learn to live with out credit and people need to learn to keep their word on things.

Um... this is another case of idiocy in reporting. Yes of course the dollar is the safest in the world. Do you know why? It's because the US produces the most goods and services in the world. Good and services are what made the dollar have worth. Without goods and services... what is a dollar? It's a bit of paper with ink on it. Imagine if you will, being stuck on a deserted island, with some amazing amount of money, lets say a TRILLION dollars. Wow aren't you wealthy!... but what can you buy? Nothing. No stores. No internet. No pizza delivery. Are you wealthy? No, you have a bunch of useless paper with ink on it. What gives the dollar value, is us Americans selling products and services for dollars. So as long as we continue to be productive, the dollar will keep value. But the AAA, or AA+ rating, is not a rating on the dollar. It's a rating on our government being able to pay back how much it owes. Currently the entire GDP of the whole country, is $14.2 Trillion dollars. That is all the products and services the entire nation produces in a year. The US government owes $14.6 Trillion dollars in debt. Given we owe more money, than the total wealth the country creates in a year... we can't pay this back. The rating is on government bonds. We might have a huge crisis coming in the bond market, and we may have to drastically cut Social Security and Medicare to keep the government running. But no, the dollar is fine. As long as we keep working, that's not an issue. Now if we all protest and the economy crashes, well then maybe we'll have a problem. But we're not even close to that.

frankly speaking, i also think it will be a difficult job for USA to regain AAA. at least, the gorvement debt is too much. America should creat the real value for the creditors.you should know that because of the ratings downgrades of assets guaranteed, any people around the world have lost faith in USA. whatever, hoping USA can lift itself up.

I heard about this news. However, I am not very worried about it. After all, USA is still the most powerful country in the world. And it shall be easy for them to regain AAA soon. I love China

Hopefully this downgrade of rating on U.S government issue treasury bill and bond by S&P rating agency will serve as a reminder to those in power from both major political parties that control the nation's purse string to act responsibly and maturely in the nation's fiscal and monetary policy in order to come out with a solution to solve the rising debt crisis and formulate a viable national budget to promote growth and economic activities. Stop their usual petty bickering and childish display of fighting over toy attitude during their annual budgetary hearing session. Begin to behave like leader and stateman that lead this great and free nation once again on the road to a sustainable economy recovery without much delay and new round of destructive political posturing.

So far only one of the rating agencies has downgraded America's credit rating but it has been having a profound affect on the stock markets. I think a lot of it is over-reaction by the traders, but then again, a little market panic is inevitable after such a thing. Our politicians have shown that they are reluctant to do what is needed to steer America back into fiscal responsibility but there is a growing movement in the people of the country to force them to stop the wild spending and ultimately hold them responsible if they don't change their evil ways. Unfortunately, even if we start now, it will probably take several years to regain the AAA rating with S&P, but it has to be done. The government has been overspending for far too long and they simply have to get it under control or they will destroy the economy. This downgrade should send them a strong message. I hope they start to understand.

Heard about this in the news early this morning. And i was a bit sad that America's credit was lowered down to AA+. There's a speculation that this is a good sign for ASian countries because this would mean that the credit power is moving to Asian countries. Could it be China? I'm really not sure about this.

I hope our politicians view this as a wake up call and become more responsible with money. It's absurd that our elected officials allowed this to happen.