Friday, September 16, 2011

UNDER OBAMA - ECONOMY IN THE TOILET


S&P Chief: 1-in-3 Chance of Another U.S. Downgrade
NewsMax.com
John B. Chambers, a managing director of Standard & Poor’s, said today that there is a one- in-three chance of another U.S. debt downgrade, though a change may not occur until late 2012 or 2013.

"If there were another downgrade, it would probably be because something has happened with the budget control act, that it has somehow been watered down” or “the fiscal committee doesn’t deliver the goods,” Chambers said. "Hopefully things turn around” and fiscal restraint "would enable us to see the ratings stabilize." 

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