Thanks Barack… S&P Credit Analyst David Beers Says Company May Downgrade US AAA Rating By End of July (Video)

Thanks Barack.
Standard and Poors credit analyst David Beers told Neil Cavuto that the S&P may downgrade their USA rating before the end of the month and as early as Monday. This would be the first time the US would lose their AAA rating. Another breakdown in talks could also lead to the downgrade.
Barack Obama still has no plan.

Again, let’s be clear… This potential downgrade is not a complete surprise.

Obama tripled the deficit his first year with the failed Obama-Pelosi stimulus plan.
In Obama’s second year the deficit topped a trillion dollars again.
It was unprecedented.

The Obama deficit this year may reach $1.29 trillion. (The Captain’s Comments)

Barack Obama and Democrats also added over One Trillion Dollars to the Federal Budget in the last 4 years.

That’s at least a 30% increase in federal spending in just 3 years.
Obama has no intention of serious spending cuts. He still has no plan.

Dear Reader - The enemies of freedom are choking off the Gateway Pundit from the resources we need to bring you the truth. Since many asked for it, we now have a way for you to support The Gateway Pundit directly - and get ad-reduced access. Plus, there are goodies like a special Gateway Pundit coffee mug for supporters at a higher level. You can see all the options by clicking here - thank you for your support!
Photo of author
Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

Thanks for sharing!