Tag Archives: Fiscal Policy

S&P Cuts U.S. Ratings Outlook to Negative – Just The Numbers, Mam

By Les Dunaway

A Special Breaking News Edition

In a move surprising only those who believe demagoguery is a substitute for economics, the Standard & Poor Ratings Services downgraded its outlook on the US to “Negative” from “Stable”. This is the first step toward a downgrade of the US credit rating from AAA, which would increase borrowing costs and hasten America’s spiral into economic ruin.

The Statement

“More than two … Read more...