We are not exactly sure what all of this means, except that America is almost officially bankrupt instead of “bankrupt but in name only.”
(Reuters) – The United States probably wouldn’t be able to maintain its prized AAA sovereign ratings status if it suffered even a “technical” default on its debt, Fitch Ratings said on Wednesday.
The rating agency also warned it would downgrade the U.S. sovereign ratings to “restricted default” in August if the government fails to honor Treasury notes and some coupon payments on Treasury securities due on August 15.
Is “Fitch” the one with the cat, Mrs. Norris? Will we all be petrified and sex-abused in his Dungeon, because of debt? [Reuters]
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Card won't go through? Welcome to the real world! Maybe you should pay your bills on time.
Don't sweat it, we're "too big to fail."
You know what they say, if you owe me $1000, you've got a problem. If you owe me a $100,000,000,000, then I've got a problem.
Is that similar to "Fool me once, shame on you. Fool me twice…swallow the barrel of my .38?"
Surely "Fool me once, vote in a washed up actor whose party runs up huge debt for ideological reasons. Fool me twice, vote in a pongid impersonator whose grasp of the English language is questionable and who cuts taxes and knackers the economy. Uh … let's vote in another one of those"
In better news, America's Abercrombie & Fitch rating is still at "five attractive, shirtless sixteen-year-olds."
You can't give me an AAA-minus! I have to have a 4.0 GPA to get into the University of Phoenix! Can't I do some extra credit?!
Try earning a football scholarship.
But I don't play football. In high school, I was on the Yahtzee Team.
Get one of them… the Yahtzee one.
Did you get wind of this boycott the Republitools are organizing, in protest that "for-profit colleges are unfairly singled out"?
Unfortunately those ratings are like pizza sizes — they've been inflated to where the smallest size you can get is extra-large. I think if they did peoples' credit ratings the same way they do those of nations and corporations, Bernie Madoff would have an AA.
Sovereign rankings are this generation's Big Gulps.
Of course you can. David Koch has something he'd like you to work on.
Time for the Government to bail the US out…
Ruh roh, Treasury. Looks like it's time to call Peggy.
Do we still get miles? If so, is Canada open this summer?
is Canada open this summer?
Yes, but it's been privatized. Check google.
Thanks for maxing out the national credit card, Republicans.
Sure, we'll give up Social Security and Medicare so you can have more tax cuts and wars.
It's the least we can do for the
Dagny Taggarts and Hank Reardonspeople who made their fortunes the old-fashioned way…by inheriting them.~
America: Emotionally Exhausted and Morally Bankrupt
Wasn't that from Frank Burns' toe tag on M*A*S*H?
Frank Burns? I think you mean Ferret Face.
Many years ago Paul Revere warned the British that we were moving out, to get our own place. Now we need to come up with some sort of apology, so that we can crash in Britain's basement until we get back on our feet.
We're going to have to pawn Florida.
Your move, Cuba.
When? Soon please.
Write 'em up, Chumley.
Florida is too shitty even for the Pawn Stars. We'll have to take it to Hardcore Pawn.
Florida, meet 8 Mile. That just became the worst place on earth. Sorry, Disney.
+1 for Pawn Stars reference
Ha! We will never get back what we have paid into it. Plus, one more hurricane season, and we will be totally underwater in Florida.
Triple A bond ratings = flying unicorns carrying fair maidens. Great if you believe in them, kind of pointless if you don't.
How was Fitch rating those mortgage backed securities everyone was so worked up about a little while ago? Yeah I thought so.
Ewe Ess Aaay! Ewe Ess Aay!
The only possible way out of this mess is to defund Planned Parenthood.
And to privatize everything.
And give out vouchers.
Don't forget NPR. Gotta save that .01 percent of our tax dollars.
Gets more children into the labor force faster.
The U.S, Government doesn't use an American Express platinum card? I guess it can only use a black one?
The Phish rating is still at…wow, man, what was I just talking about?
Analysts are having a difficult time with the volatile Winch rating, which has been going up and down all quarter.
But 'Murica is keeping its prized twin peaks Wenches rating with jobz aplenty at breastraunts for the anatomically endowed.
When you threw that thing at my head, my Flinch Rating went off the charts.
The markets are tied up in knots trying to make sense of this week's Cinch ratings.
I'm just waiting for Christine O'Donnell to give the official American Witch rating.
Dear Wealthy/corporations/Republicans, we're going to have to go dutch. You're just not pulling your weight.
Love,
U.S. of America 90%-ile.
Teabag congress critters don't know what a "sovereign debt rating" is so it must not be important. We won't need it since we will all live in tax-free paradise.
Peggy??!?
Well, a country can't hold on to a *sovereign* ratings status for long if it is no longer sovereign, and since the Reeps sold the USA to Big Business under W, this was inevitable sooner or later.
Hey Kochs, you bought it, time to pay for it…
I'd recommend the US keep a jar where it can put its loose change after emptying its pockets at the end of the day. Either that or stop living like smart bombs and tax cuts grow on fucking trees.
Howz about a "Swear Jar"… or every time a Repugnant says (behind closed doors of course),"We gotta get rid of that N_____." it costs 'em a quarter… we'll be out of this mess in no time.
Just no Fuckin' Swear Jar here…
The only problem with your otherwise watertight plan is that the Republicans would find a way to get a huge tax break for their buddies every time they *didn't* advocate lynching black people.
Fitch is the one who needs to borrow a towel because he ran into a water buffalo.
It must be tough to be in AAA so close to the Major Legue then get booted down to B. It would be enough for me to give up pitching and take that job selling used cars.
And how will we no where to go on vacation?
(yes… know… tee hee)
And start another war. 'Cause, ya know, war is good fer da E-CON-A-ME.
Then up aid to Israel and cut any
safety nethandouts for povertons in the USA.Is that kanji for "We're fucked"?
Use the Chinese (simplified) option.
*runs thru translator*
Nice. And I was almost right, too, also, as well.
I hear-tell Tiffany's is offering no-interest accounts to Gov't officials. Perhaps we should start there.
Sad thing about this – is if we do default, then we can expect to see the standard reaction to this B.S. that has been forced on Greece. Austerity measures = fucking over the middle class and olds. Have fun while it lasts folks.
nothing to prevent the bright bulbs at the Tparty for clamoring for a meltdown….
A condom from 1982
And some lint.
I gave up condoms for lint.
A "penny jar" for credit card purchases? I've never heard of that, that's kind of brilliant.
It encourages the user to use their card, instead of cash, so BofA gets more of those 2.9% transaction fees from merchants, and the customer gets a little help in the saving department.
Pretty neat for everyone except for the merchants who'd rather take cash and not pay the 2.9%
Forgot PIN number again…
So, are you saying that I should stock up on guns and hobo beans now, while I can because shit is going to get worse?
This all seems funny now, but just wait until August when the Chinese come and take away all of our big screen televisions.
I read in a book that predicted the 2007 crash, that worse possible case they would buy all of our used cars and washing machines and ship them all back to China, because that's the only thing left we have of value….
Too bad members of Congress weren't personal cosigners on all that debt.
A dry-cleaning receipt for a blue dress.
Carter suffered the Mariel Boatlift, the arrival of various Cuban derelicts into the US.
Thirty years later, Obama will know the Monterrey Yachtlift, as the billionaires (including their Republican patrons, who caused the move) flee the defaulted US.
Thanks, Bush Tax cuts and Forever Wars!
"One Slightly Scorched Cute Bird Recovering On a Branch"
I'm ashamed that made me laugh really hard. Be careful out there, Mr. Owl.
So, does that mean that the US would have to go down to AA?
"Hello, my name is America, and I'm fiscally irresponsible."
Go down on AA, meaning Asiatic Administrators.
At the Pink Spot Lounge in Bucharest circa 2002, they are. Do not ask me how I know.
Or are you just insanely lucky?
A little of column a, little of column b.
Whatever works!
Biden shouldn't put the credit card next to the condom in his wallet. It rubs off the magnetic strip.
I'm more concerned with Scott Walker's take on the Grinch rating.
Careful with that one; if Xtine decides to show you her Patch Rating instead, you're gonna find out what your Blanch Rating is, pretty damn quick.
This thread increasingly reflects the narrow market captured by the Squish rating.
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