Why was our credit downgraded?

Definition of AA+ ---> An obligor has VERY STRONG capacity to meet its financial commitments. It differs from the highest rated obligors only in small degree.

So S&P downgrade us because we didn't have $4 trillion dollars in cuts which Obama brought and also we didn't have revunue. The lack of compromise in Washington also downgraded us from AAA to AA+

shrink the bullsh!t. you recognize and all of us comprehend why the credit status has been downgraded. people want something for no longer something. during the debt ceiling talks Boehner stormed out, McConnell could no longer comprehend why taxes have been even on the table and the two the Tea party and Republicans favourite a credit downgrade than pay a bill. it somewhat is painfully obtrusive to all and sundry different than you curiously, no longer something is unfastened. that's what that credit downgrade and the marketplace is telling you. The greenback is vulnerable because of the fact of it. you in addition to mght do no longer seem conscious oil is paid in money. The weaker the greenback the dearer the oil. If gas costs hardship you that plenty the two pay down the deficit or get a greater gas useful automobile. in spite of the undeniable fact that it somewhat is pretty no longer likely you will do the two. on account that people want huge trucks and don't desire to pay for the gas to run them. and you do no longer desire to pay taxes the two. i'm useful you have heard the asserting "there is not any such situation as a unfastened lunch" yet like maximum Republicans you refuse to have faith it even whilst it somewhat is working proper in front of you.

The main reason sited is that we have not gotten our run away debt under control. Tax revenue is not the main issue, but medicare cost. One of the things the Republican wanted on the budget fixed, but the Democrats refuse to let them touch. If you look at our budget, entitlements makes up more than half our budget, adn Medicare alone is the largest piece in the pie chart. Social security is projected to rise but Medicare will rise even faster.

The government has been running huge deficits for 30 years.

Why? Why?

Holy cow! Your country is trillions of dollars in debt with no firm plan to reduce that debt level. You have a dysfunctional government (and it's not an Obama issue as much as it's all of them) and none of them are willing to work together to improve things.

If the country was an individual I know I wouldn't loan you bus fare let alone trillions of dollars.

Our government sucks.

Because the democrats didn't want to cut spending

Because our Congress told the World that we were not willing to pay our bills which is worse that not being able to pay our bills.

it was downgraded because we have no plan to get out of our unmanageable debt.

Which is true. we have to raise revenue (taxes) to get out of this mess.