debt ceiling

S&P downgrades AAA rating. Stock market in turmoil. But they upped the Debt Ceiling?

"Told you so" just doesn't seem enough. Like I said before, S&P said not one damn thing about the Debt Ceiling. http://swampbubbles.com/20110801/dow-jones-drops-and-standard-poors-drop...
Hear that giant sucking sound? THAT IS YOUR HOME MORTGAGE RATE GOING UP, GAS PRICES GOING UP, YOUR CREDIT CARDS COSTING MORE AND YOUR RETIREMENT PLAN GOING TO CHINA.

And from the Associated Press on Friday evening:
Aug 5, 11:55 PM EDT

S&P downgrades US credit rating from AAA

By MARTIN CRUTSINGER
AP Economics Writer

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