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New AA credit rating for the USA??

Discussion in 'Off-Topic Discussion' started by river rat 69, Aug 6, 2011.

  1. Aug 6, 2011 at 8:05 AM
    #1
    river rat 69

    river rat 69 [OP] Well-Known Member

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    #1 How long before we will be slippen into Mexico for work? #2 How long before yuppies will be sending e mail scams to Nigeria? #3 How long before people from China will be coming here to take our kid's home as pets? NEXT
     
  2. Aug 6, 2011 at 8:17 AM
    #2
    KenpachiZaraki

    KenpachiZaraki Its Wicked Flow BITCHES!!

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    I just wanna know what having a AA rating mean for us americans?? Cuz i duzzent know politics
     
  3. Aug 6, 2011 at 8:29 AM
    #3
    river rat 69

    river rat 69 [OP] Well-Known Member

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    NO Chrome,3" NFab's steps,TRD skid,Wet okie's.011 grill, k&n,5100's,All this comes right off when the old lady says let's go get a NEW ONE!!!
    Lets stay out of politics its just:deadhorse: And gets threads locked. This one is for looking on the funny side. If you can see one?
     
  4. Aug 6, 2011 at 8:31 AM
    #4
    chris4x4

    chris4x4 With sufficient thrust, pigs fly just fine. Moderator

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    Polatics is a no no. So keep it clean. Also, the rating was lowered 1 point to a "AA+" ratting, with provisions that if the government doesnt abide by its cuts, it can be further lowered.
     
  5. Aug 6, 2011 at 8:31 AM
    #5
    RugbyTaco

    RugbyTaco Rhum.

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    Well we are still AA+. Its basically a first warning to the politicians that they need to get this countries finances together. Is it bad, yes. Will it cause the collapse of America, no. Britain had its credit rating dropped a few years ago as well. They fixed their shit and went back to AAA within a year i think. Its a confidence meter, meaning that to the S&P it appears as IF we might start to have trouble paying back money that the country has borrowed. The government needs to prove them wrong in order for us to get back to AAA like the UK. This will really test our current "leaders" both liberals and conservatives. The governemnt really needs to put aside interest groups, hard core party line thoughts, and petty differences in order to fr this country to really show that we deserve the AAA rating as well as showing the citizens of this country that we are in charge and not those we elected to represent us.
     
  6. Aug 6, 2011 at 8:34 AM
    #6
    river rat 69

    river rat 69 [OP] Well-Known Member

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    NO Chrome,3" NFab's steps,TRD skid,Wet okie's.011 grill, k&n,5100's,All this comes right off when the old lady says let's go get a NEW ONE!!!
    Thanks 4X4 As I said in post #3....
     
  7. Aug 6, 2011 at 8:36 AM
    #7
    river rat 69

    river rat 69 [OP] Well-Known Member

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    NO Chrome,3" NFab's steps,TRD skid,Wet okie's.011 grill, k&n,5100's,All this comes right off when the old lady says let's go get a NEW ONE!!!
    +1 Well said Sir...
     
  8. Aug 6, 2011 at 8:48 AM
    #8
    horwitzs

    horwitzs Well-Known Member

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    Who would have thought a credit rating would be reduced because you spend more than you earn, borrow outrageous amounts of money, and instead of paying it back you just keep getting more credit and max it out.:facepalm:
     
  9. Aug 6, 2011 at 9:23 AM
    #9
    RugbyTaco

    RugbyTaco Rhum.

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    Thanx, i think those first two cups of coffee got me rev'd up...
     
  10. Aug 6, 2011 at 12:56 PM
    #10
    Konaborne

    Konaborne Pineapples on pizza Hawaiian does not it make.

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    Does this mean that canada ( the wife ) is gonna make us sleep on the couch?
     
  11. Aug 6, 2011 at 2:56 PM
    #11
    OZ-T

    OZ-T Quite an experience to live in fear , isn't it ?

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    You will pay higher interest rates

    That's what it means .
     
  12. Aug 6, 2011 at 3:01 PM
    #12
    mntbiker2008

    mntbiker2008 First I derp.. then I herp

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    :bananadead::mad: I gotta pay that damn credit card off soon. The interest rate is already stupid high on it.
     
  13. Aug 6, 2011 at 3:10 PM
    #13
    stmpjmpr

    stmpjmpr Well-Known Member

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    who/what is the S&P anyway? and whay would their opinion matter?
     
  14. Aug 6, 2011 at 3:38 PM
    #14
    2008taco

    2008taco Well-Known Member

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    S&p are the people who lend countries money. There opinion matters because if they lower your rating enough it would make it impossible for the country to borrow money. Currently we are borrowing 40 cents for every dollar we spend. So imagine if they cut us off losing 40% of everything the government does. Roads, schools, social security, jobs, etc. They did not drop us further because they know it is possible for us to get our acts together, however they have not seen that we are getting it together. In reality it will probably take another few point drops before congress starts working together for the betterment of our country...:(
     
  15. Aug 6, 2011 at 3:41 PM
    #15
    98tacoma27

    98tacoma27 is gooder 'en chicken Moderator

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    No, but China will
     
  16. Aug 6, 2011 at 3:46 PM
    #16
    Tillers_Rule

    Tillers_Rule ......................

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    Ratings are only as credible as the agencies that assign them. I seem to remember none of the agencies noticing any of the events leading up turn the financial crisis three years ago.
     
  17. Aug 6, 2011 at 3:52 PM
    #17
    gran torino

    gran torino Mr Jackboots

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  18. Aug 6, 2011 at 3:56 PM
    #18
    OZ-T

    OZ-T Quite an experience to live in fear , isn't it ?

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    Your China's bitch now
     
  19. Aug 6, 2011 at 3:58 PM
    #19
    98tacoma27

    98tacoma27 is gooder 'en chicken Moderator

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    Repost

    *you're
     
  20. Aug 6, 2011 at 4:01 PM
    #20
    OZ-T

    OZ-T Quite an experience to live in fear , isn't it ?

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    Sorry

    You're China's bitch now
     
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