US Loses AAA Credit Rating

What does it mean? Well, we have to pay more money in interest when borrowing money for one. this article sums up the rest:

http://today.msnbc.msn.com/id/44040574/ns/business-stocks_and_economy/#.Tj1_p4LSb14

Thoughts?

So... there is a part 2 to this post. Now that the US is downgraded, what countries have an AAA rating still? Take the quiz to see how many you can get:

http://www.sporcle.com/games/dm21uk/aaa

Spoiler:

got 13/15

I missed two, but got the bonus point ones.

Okay, let's take MIT, Georgia Tech, Baylor, Brown, Columbia, Cal tech and Rice off the list of colleges I want to go to.

BLACK SNOW 13 wrote:Okay, let's take MIT, Georgia Tech, Baylor, Brown, Columbia, Cal tech and Rice off the list of colleges I want to go to.

I'm confused by this statement. Are you being sarcastic?

Meatshield718 wrote:

BLACK SNOW 13 wrote:Okay, let's take MIT, Georgia Tech, Baylor, Brown, Columbia, Cal tech and Rice off the list of colleges I want to go to.

I'm confused by this statement. Are you being sarcastic?

No I am being realistic. I almost have the grades and scores for most of those schools to go to. Those schools are pricier to go to and it would be better to kind of put those to the side.

BLACK SNOW 13 wrote:

Meatshield718 wrote:

BLACK SNOW 13 wrote:Okay, let's take MIT, Georgia Tech, Baylor, Brown, Columbia, Cal tech and Rice off the list of colleges I want to go to.

I'm confused by this statement. Are you being sarcastic?

No I am being realistic. I almost have the grades and scores for most of those schools to go to. Those schools are pricier to go to and it would be better to kind of put those to the side.

And how is this related to the topic whatsoever?

eaustinn36 wrote:

BLACK SNOW 13 wrote:

Meatshield718 wrote:

BLACK SNOW 13 wrote:Okay, let's take MIT, Georgia Tech, Baylor, Brown, Columbia, Cal tech and Rice off the list of colleges I want to go to.

I'm confused by this statement. Are you being sarcastic?

No I am being realistic. I almost have the grades and scores for most of those schools to go to. Those schools are pricier to go to and it would be better to kind of put those to the side.

And how is this related to the topic whatsoever?

Students loans. God how dense can you be?

BLACK SNOW 13 wrote:

eaustinn36 wrote:

BLACK SNOW 13 wrote:

Meatshield718 wrote:

BLACK SNOW 13 wrote:Okay, let's take MIT, Georgia Tech, Baylor, Brown, Columbia, Cal tech and Rice off the list of colleges I want to go to.

I'm confused by this statement. Are you being sarcastic?

No I am being realistic. I almost have the grades and scores for most of those schools to go to. Those schools are pricier to go to and it would be better to kind of put those to the side.

And how is this related to the topic whatsoever?

Students loans. God how dense can you be?

Correct me if I'm wrong, but I think this means that the US government's credit rating when borrowing from banks is down... Not US citizens... You sure you have the grades to get in to MIT?

Courtyard Droll wrote:

Correct me if I'm wrong, but I think this means that the US government's credit rating when borrowing from banks is down... Not US citizens... You sure you have the grades to get in to MIT?

Gotem

eaustinn36 wrote:

So... there is a part 2 to this post. Now that the US is downgraded, what countries have an AAA rating still? Take the quiz to see how many you can get:

http://www.sporcle.com/games/dm21uk/aaa

You're not supposed to put the word 'an' before the word (for lack of a better word) 'AAA' because it's pronounced "Triple A".

Also, AA+ is still a very good rating. I really think everyone is overreacting to this. It's not like the sky is falling.

My opinion on why the credit agencies lowered our credit rating? A plan that allows us to raise the debt ceiling 2 Trillion now and cut 1 trillion in spending over ten years is complete BS to the credit agencies. They don't think we're serious enough and lowered our rating. AA+ was very generous of them. I'm surprised they didn't do something along the lines of C-.

Courtyardroll wrote: DroCorrect me if I'm wrong, but I think this means that the US government's credit rating when borrowing from banks is down... Not US citizens... You sure you have the grades to get in to MIT?

Well if the u.s. credit is down, then the value of a dollar is down, thus interstate for loans are going to be higher. But I may be wrong.
Well I missed this need to wrong on my English. That is my only drawback.

I'm sorry, but are you sure that English is your first language?

I mean honestly I had to read that a couple of times to actually understand what you meant.

T_T

Lol mu phone completely mess up that post. My scores in english are not high enough. XD

The US is feeling partially depressed today and may blow itself up with a nuke. I mean, he is forced to be happy with his yatch when China won't trust him to borrow a private jet.

The market went down exactly 6.66% today.