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U.S. Credit Rating Downgraded

Posted in: 2012 Presidential Election, America's Next President, Barack Obama, Debt Limit, Founding Fathers, Personal Liberty, Personal Prosperity, U.S. Credit Rating Tags: 2012 Presidential Election, America's Next President, Barack Obama, Debt Limit, Founding Fathers, Personal Liberty, Personal Prosperity

Here is a quick question for you.

Timothy Geithner and Barack Obama discuss things just hours before the Credit Downgrade

What U.S. President was in office when the United States credit rating was downgraded for the first time in history?

The answer is our current president! That’s right, during the evening of 05 August, 2011, Standard & Poor’s downgraded the U.S. credit rating from AAA to AA+.

This is what happens when you keep spending dramatically more money than you bring in. If and when a “regular” citizen gets in debt beyond their income level, their line of credit gets shut off or severely restricted. (more…)

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U.S. Credit Rating Downgraded