The US Credit rating is all in the news

You're going to crash and burn! But not just yet because the government will print more money and get you even deeper into sh*t. After all, paper is cheap (actually it's linen but who cares!) and the Dollar is still slightly worth more than the paper it's printed on. But watch those pennies! The price of steel scrap will soon be more than the monetary value. Recover? Of course you wont! The inevitable will come sooner or later. You're broke and no one will bail you out!

Probably means China now owns the US. And since governments have indeed become industries, I guess credit rating applies.

I think we will eventually recover but not as long as Obummer is at the helm. So far many Americans have stuck their heads in the sand at the first sign Ob(no)bama and his crew have screwed up.

I think it's much ado about nothing, to borrow from the bard. I heard one commentator say that in actuality, the US hasn't had a triple-A rating for quite some time, and S&P was just announcing it officially.

It is pretty bad when some of our elected officials are saying, if we do not raise the credit limit, the credit rating would be down graded, the stock market would fall and we would default on our credit. They sure were wrong. 1 out of three is bad. They should have continued to work on spending cuts and not raised the debt limit.

the country is going to recover from that, cause we have a great system its unique, remember all what we have been through, its just a hard period of time that some how we are going to resolve, all we need is a good plan and faith.

It's so crazy. They lower our rating because they think our process indicates instability. London is in flames but the UK gets an AAA rating. Apparently looting, rioting and burning a capital does not indicate instability but debate over a deficit does??? Bottom line is that the USA has never defaulted on a loan and we paid it this time too. If Standard & Poor doesn't like the political debate that ensued prior to that payment, too bad. Political debate sure beats looting, rioting and burning a city. What really gets to me is that our critics while thrilled to see us loose that AAA rating continue to blame us for the financial crises in their AAA countries. Apparently, we wield way more power than they do. They have Standard & Poor AAA ratings but the responsibility for every financial woe on earth still lays with an AA rated country. We are going to recover and have already started to do so but I think it's time for us to start concentrating on the USA. We need to take a good long look at oursourcing, trade etc. Let's forget about ratings and concentrate on what's best for the good old USA. They say that it is a global economy but maybe a little isolationsim might be a good thing for us right now. We are damned if we do and damned if we don't anyway so let's concentrate on us and let's get a congress that reflects us - warts and all. If they want to duke it out in the House of Representatives, that's okay with me so long as some of them represent me and they can get to some consensus in the end. If a credit rating agency doesn't like it, who cares?