Standard & Poor has lowered the USA federal government`s credit rating. This was more than predictable. It is exactly what they said would happen if the US government doesn`t come forth with a real plan to bring the country out of red. Despite the antics around the debt ceiling. The United States is in no better position today than it was on July 31st.
Barrick Obama must wake up to the steady decline of America`s finances and the inevitible consequances. Stop the smoke and mirrows and actually cut spending.