Another indication that things aren't going very well. Be prepared! The next few years don't look so good. Anyone here besides me preparing for unusually bad times? May not mean much but sure reflects the downward slope we seem to be gaining speed on.
Taken from foxnews.com...
S&P said it was now "pessimistic about the capacity of Congress and the administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics anytime soon."
Read more: U.S. Loses AAA Credit Rating From S&P - FoxNews.com