Another US Debt DownGrade November or December When SuperCommittee Crashes

Business Insider is quoting a “monster prediction” by Ethan S. Harris, an analyst at Bank of America Merrilly Lynch Equity Research Rating System, with a “stunning prediction.”

The credit rating agencies have strongly suggested that further rating cuts are likely if Congress does not come up with a credible long-run plan. Hence, we expect at least one credit downgrade in late November or early December when the super Committee crashes. Source

Brilliant Cartoon by Henry Christensen – see more at Cartoons by Henry

Posted by Maggie @ Maggie’s Notebook

  • Word out from the Super Committee is that they will first be cutting all Veterans’ benefits and pay.

    • ExAFCrewDog

      “…will first be cutting all Veterans’ benefits and pay.”

      Hell, yes, now that everything seems to be “winding down” and the “withdrawals” have begun, they’ll be looking to cut everything connected to the guys/gals they (DC collectively) sent to die and/or get maimed. That’s typical of Wash DC.

      “We support our troops!” Yeah, they support the troops when they’re needed. After that they support whoever/whatever kicks some $$$ into the old re-election campaign coffers.

      If any votes to cut VA funds/benefits are cast (and available for all to see), look down the list for the “Nays.” That’ll be the ones who actually served in the military.