Fucking Republicans... The Nation's AAA credit rating was just pulled by Fitch

[MrScorpio]

It's under review now...

These motherfuckers knew that running a debt ceiling vote this close to the edge would have serious consequences... Yet they still have to play their fucking games.

Bondholders need to go apeshit on these assholes... Say goodbye to your lower interest rates, people.

[melody]

1. Don't buy their houses, don't buy their cars, buy used, buy small, buy locally with cash n/t

[bvar22]

18. My Wife & I have been doing that since 2006.

We Cashed Out, paid the penalties,
sold everything (except tools), paid off all debts,
and bought a small piece of property in the rural South with a Mountain Spring water source.

We live there now,
keep chickens & Honey Bees,
and grow lots of veggies, fruits, & berries.
No credit cards, mortgage, or debt.

We use our surplus and skills for barter on the local Black Market.
People here don't call it a "Black Market", but that is what it is.
They call it Being Neighborly.

Last week, one surplus watermelon, given to a neighbor, netted us access to enough Oak firewood to heat our cabin through the Winter. We have to cut it and haul it 5 miles, but not bad for a single Watermelon.



Living Well on a low "Taxable Income"
and stuff we learned in the 60s.

[onethatcares]

19. that was the best catalog ever

and someone stole mine.

I forgot that it said "access to tools" on the cover but I remember it covered everything in the Whole Earth.

[melody]

22. If I wasn't partly disabled, we'd be doing something like that, too

As it is, we live as frugally as possible.

I do think state and local currency will become popular at very least.

[Shampoobra]

23. Way ahead of you...

I'm out of money

[Spitfire of ATJ]

25. At least I can score at Video Poker.

[RKP5637]

2. And even if default is avoided, this will still be a huge negative against the US for

having come so close. For example, who wants to invest in a company that avoids default by the skin of its teeth. These fools are so damn ignorant and irresponsible words fail to describe them.

[City Lights]

3. The Bagger wing of the GOPee has been claiming that "nothing would happen"

if the government defaulted. They are too stupid to be in government. They should be cleaning latrines somewhere.

[Laelth]

4. It's just not cool to muck with the full faith and credit of the United States.

I hope we burn the R's with this disaster. It could get a lot worse for the American people, but as it gets worse for all of us, it gets much worse for the Republicans who orchestrated this mess.

-Laelth

[scheming daemons]

5. credit ratings aren't permanent.... if there's a debt deal, then the rating can go back up

Not worried about the credit rating.


If the correct side wins this battle, the credit rating will take care of itself.

[Pretzel_Warrior]

8. not so fast. Moodys never reinstated AAA rating after 2011. Still at AA.

[scheming daemons]

10. It is at AA+.... and they recently change it from neutral to positive

The next step is back to AAA.

[SlipperySlope]

6. Rating on "negative watch" but AAA not cut yet.

More of a warning then a change so far, still not good news.

[Berlum]

7. The Republicans have screwed America.

Royally.

[Initech]

21. Yup and now they're playing the "blame everybody but themselves" game.

Fuck 'em all.

[kydo]

9. But unlike 1979 this time lets remember who brought us this

The Rachael Maddow show explained something to me that I lived trough but never understood why. I was about 12 in 1979 and I remember Three Mile Island. I also remember the 1980 election and the rhetoric about bad economy high interest rates. But during the Three Mile Island and later the hostage situation pushed the news about the US defaulting out of the headlines. This was all on her show last night. I liked Carter and voted for him in the mock school election.

The point is republicans caused this the first time and kind of created a major issue they used to their advantage and cost us the tax payers more money. We are there again. And again it is republicans.

I hate republicans!

[CTyankee]

11. I predit there will a GENERATION hating republicans after this caper...

hey, it happened with them in the depression and years following...only Eisenhower could bail out the pukes but in those days, the pukes were like Dems are today...

[CatWoman]

12. glad you posted this

i posted it and self deleted after seeing your post

[WilliamPitt]

13. The US is still 'AAA' after the Fitch announcement. This was a warning.

Credit rating agency Fitch placed U.S. holdings, which remain AAA, on negative watch Tuesday, as Congressional negotiations over the federal debt ceiling stalled just two days before a Thursday deadline.

"Fitch continues to believe that an agreement will be reached to end the current political impasse and raise the U.S. debt ceiling," the agency said in a press release. "Even if the debt limit is not raised before or shortly after 17 October, we assume there is sufficient political will and capacity to ensure that Treasury securities will continue to be honoured in full and on time."

While Fitch said that it remained confident Congress would ultimately reach a deal to raise the debt ceiling ahead of the Oct. 17 deadline, future ratings of U.S. holdings would be dependant on the "manner and duration of the agreement and the perceived risk of a similar episode occurring in the future."

http://talkingpointsmemo.com/livewire/fitch-warns-u-s-on-debt-limit-brinkmanship

[MrScorpio]

15. SO, they're issuing a warning...

I'd love to see another one of those moronic Teabagger congresscreatures say that a default wouldn't cause any problems NOW.

I triple-dog-dare those assholes.

[seabeyond]

14. we paid 1. something billion because of this game the last time, lowering our rating. over a billion

dollars for nothing. but the repugs playing their fuckin game

[Scuba]

16. It'll be worse if the dollar is dropped from its international currency status.

[Yo_Mama]

17. They didn't change the rating - they put us on negative watch.

http://www.nbcnews.com/business/fitch-signals-it-could-downgrade-u-s-credit-rating-8C11399906

[onethatcares]

20. we need to have bill collectors calling

these fucking pukes every 35 seconds asking when they are going to pay what they owe.

[blkmusclmachine]

24. Republican Economic Terrorism.

[mstinamotorcity2]

26. Let the Fireworks begin!

Maybe this will make you feel better. My grandbabies just saw a snippet of one of the republican caucus little press conferences with a picture of the elephant and the said " look Nana its a circus" I looked at the GOP and said " it sure is baby, it sure is" I got my popcorn popped. Waiting to see who gets shot out the canon first