Reuters
S&P: Fiscal cliff impasse does not affect U.S. sovereign rate
Standard & Poor’s Ratings Services said on Friday it does not expect U.S. lawmakers’ negotiations over the so-called fiscal cliff to have an impact on the sovereign credit ratings of the U.S. federal government.
The credit ratings agency said it believes the same general conditions under which it downgraded the U.S. credit rating to AA-plus/A-1+ from AAA in August 2011 continue to exist.
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Quick show of hands: Is there anybody here who DOESN’T know that the “fiscal cliff” is a piece of melodramatic theater designed to make the government look heroic while it, as always, agrees with itself to allow itself to keep wildly overspending?
logis on December 29, 2012 at 9:15 AM