US CREDIT RATING DOWNGRADED, AGAIN

Tags

Economic Collapse, Economy, Egan Jones, Federal Deficit, GDP, Government funding, Government Waste, obama, Obama Administration, Obama doctrine, Obama's legacy, Power Grab, Standard & Poor's, Thugs, USA

Global Debt Clock - Image courtesy of The Economist.com -- USA DEBT EMPHASIZED (2012)

UNITED STATES

PUBLIC DEBT: $11,917,003,287,671

PUBLIC DEBT PER PERSON: $37,952.73

POPULATION: 314,312,054

PUBLIC DEBT AS % OF GDP: 76.3%

TOTAL ANNUAL DEBT CHANGE 13.9%

BREITBART

“…In a move that could foreshadow decisions from larger agencies, Egan-Jones downgraded the US to AA from AA+.

The company on Thursday cited ‘the lack of any tangible progress on addressing the problems and the continued rise in debt to GDP.’

‘For the first time since WWII, US debt exceeds 100 percent,’ analysts said, predicting that would rise to 106 percent by the end of the year, calling that an ‘inflection point….'”