CNN Breaking: S&P downgrades U.S. credit rating to AA+ from its top rank of AAA. (updated)

[ProSense]

Rating agency Standard & Poor's says it has downgraded the U.S. credit rating to AA+ from its top rank of AAA.

Thanks teafucklicans!

Updated to add this from Daily Kos: U.S. credit rating downgraded for first time in history

Despite that pesky $2,000,000,000,000.00 math error in their first calculations, S&P followed through with the downgrade:

(Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.

S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits. <...>

The outlook on the new U.S. credit rating is negative, S&P said in a statement, a sign that another downgrade is possible in the next 12 to 18 months.

So there ya go.

[Pisces]

1. I hope the Repukes are happy.

[GSLevel9]

2. that steaming pile of fail is starting to smell... nt

[GSLevel9]

6. oh and BTW...

that's the FIRST downgrade in American fucking history.

[CakeGrrl]

3. The Tea Party needs to be flushed out of Congress ASAP. -nt

[GSLevel9]

4. We need a GIANT top-down FLUSH. nt

EVERY elected official down to City Councilman...

[CakeGrrl]

7. So the Tea Party can wait, eh?

Reading between your lines.

Sounds like you want someone else out of office worse than them.

[GSLevel9]

8. they've ALL failed flush them all. And yah, HIM too. nt

[boxman15]

5. A big thank you to the five-year olds in Congress,

and especially the spoiled two-year olds in the Tea Party Caucus.

[Peacetrain]

9. Ish Kabbittle..

What a revolting development this is..

[craigmatic]

10. Now all thats left is for the dominoes to fall, the markets to crash, and our eventual decline.

This is going to be China's century folks. We might as well get used to it.

[Arkana]

11. This is one of several ratings agencies, and Moody's kept us at AAA.

S&P can go fuck themselves.

[Laura PourMeADrink]

12. It sucks...but don't understand why people are blaming the nutcases

in the Tea Party. Realistically, taking all politics out, they wanted more cuts, which is
what S&P wanted too. If they had agreed to revenue, the total package would have been
more attractive to the rating agencies since it would have more of an effect....but still
not enough.