From Mother Jones -- VIDEO: Tea Partiers Cheer the Downgrade of America's Credit Rating:
Is the tea party happy that Standard and Poor's, the credit rating agency, downgraded the United States' credit rating for the first time ever?
You'd think that was the case if you were in the crowd at a tea party rally in Fond du Lac, Wisconsin, on Sunday morning. The Tea Party Express rolled into that northeastern city as part of its tour to bolster the six GOP state senators facing recall elections on Tuesday.
Just what many feared happen has now happened: Standard & Poors has just downgraded the United States once-stellar debt credit rating: Credit rating agency Standard & Poor’s on Friday downgraded the credit rating of the United State... Read Post
This past Monday, Standard & Poor’s Ratings Services downgraded Russia’s credit rating to BB+, also known as “junk”, for the first time in more than 10 years. This means that it is below investment grade, reflecting the country’s st... Read Post