What the Hell.

Quote :

Developing: Credit rating agency Standard & Poor's says it has downgraded the United States' credit rating for the first time in the history of the ratings.

The credit rating agency says that it is cutting the country's top AAA rating by one notch to AA-plus. The credit agency said late Friday that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation.

A source familiar with the discussions said that the Obama administration believes S&P's analysis contained "deep and fundamental flaws."

Read more: http://www.foxnews.com/politics/2011/08/05/us-official-says-sp-reconsidering-us-credit-downgrade/#ixzz1UCs8KQq0

I am blaming both parties on this one. The republicans should have held there ground. Nope lets make a deal and the country gets screwed. Man on Monday I bet the stock marked is going to crash and crash big.

Yep. The Republicans should have stuck to their guns, forcing draconian cuts in social spending or left the debt limit where it was.

Yeah - the Republicans are once again complicit in this unending economic nightmare.

Down with the DemoPublicans!