Comment

Nirthers Fleecing the Flock

169
3 wood5/21/2009 7:41:35 pm PDT

re: #133 J.S.
Read all about it:
S&P cuts UK’s rating outlook to negative

LONDON (Reuters) – Ratings agency Standard & Poor’s lowered its outlook on Britain to negative on Thursday, citing government debt that would be hard to rein in and political uncertainty about the policy response with an election looming.
The agency affirmed Britain’s ‘AAA’ long-term and ‘A-1+’ short-term sovereign credit ratings.
We have revised the outlook on the UK to negative due to our view that, even assuming additional fiscal tightening, the net general government debt burden could approach 100 percent of GDP and remain near that level in the medium term,” Standard & Poor’s credit analyst David Beers said in a statement.

That’s what we will be in a few more years of Obama.