S&P gave the US and Wall Street a good wake up call
Do something about there DEBT NOW
The debt ceiling was reality, and the Market doesn't like reality.
S&P was the only rating agency that made the right call. The US should have been downgrade as soon as it hit the debt celing. By saying this
Some persons at S&P made $$$millions by downgrading the USA, to allow their MEGA BILLIONAIRE CLIENTS to reap BILLIONS$$$$!!!!!
Rich people are poor people with too much money
According to the US Census Bureau:
10% of all Americans own 85% of the retirement money out there.
The rich keep getting richer.
With 100% Debt vs GDP and will jump to 26.5 Trilion from 14.5 within 10 years.
As far as the 2 Trillion error....NOT ... US debt was focasted at groth of GDP of 2.9 it was .4 1st Qrt
and 1.3 for 2nd Qrt. That means debt is now higher than what the Gov forcasted
Us payment on interest for debt will jump from
230 Bil. to 930 Bil. in 10 years
Let see how thing work out
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