Friday, April 6, 2012

US CREDIT RATING DOWNGRADED, AGAIN



Global Debt Clock - Image courtesy of The Economist.com
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%


"..

“…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….’”

Image courtesy of Politifake
Image courtesy of Politifake

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