President Obama brought Illinois' reckless spending to Washington, so it should be no surprise that Fitch is warning that the United States could lose its AAA credit rating if a battle similar to the last debt ceiling face-off ensues. That was when Standard & Poors issued America its first-ever credit rating downgrade.
If the Fitch downgrade happens, President Obama--as his his wont--will blame the Republicans. But Obama inherited top credit ratings from President Bush.
Technorati tags:
politics
Illinois 
Democrats 
illinois politics 
Patrick Quinn 
pat quinn Democrats 
economy Turbo Tax Premier 2012 420459 (Google Affiliate Ad)
No comments:
Post a Comment