S & P, which played a key role in the economic meltdown, has lowered the credit rating of the United States::
Standard & Poor’s announced Friday night that it has downgraded the sterling U.S. credit rating for the first time.Great work all around.
The move came even though the Treasury Department said that it had found a math error (a $2 trillion math error) in the firm’s calculations of deficit projections, according to a person familiar with the matter.
S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending.
S & P already screwed us all over once. This time they were once again aided and abetted by the key players in DC.
