Standard & Poor’s lowered its outlook for the United States from “stable” to “negative,” and said there is a one in three chance it will downgrade the U.S.’s triple-A credit rating in the next couple of years. We’ve enjoyed that credit rating since 1917. Barack Obama can cook up entitlement schemes as much as he likes, but if America loses its ability to borrow money on favorable terms there will be no safety net big enough to catch us all.
Source: http://www.realclearpolitics.com/2011/04/18/the_sampp_outlook_and_obama_254001.html
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