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NEW YORK (TheStreet) -- Weiss Ratings on Friday downgraded its rating for United States sovereign debt to a "C-minus," or just one notch above a junk rating.
The new "C-minus" rating translates roughly to investment-grade ratings of "BBB-" at Standard & Poor's and "Baa3" at Moody's, both of which are one notch above junk status.
The looming debt ceiling deadline in Congress and tortuous negotiations with President Obama, "not to mention the complete lack of any plan to address the nation's obscene debt levels," led to the rating action, according to Weiss Ratings senior financial analyst Gavin Magor.
As America’s economic stagnation continues largely unchanged in the face of a looming federal government debt crisis, federal counterterrorism intelligence officials and other authorities told Homeland Security Today the nation’s security increasingly is being put at risk, making the US at this moment in time a target for a major attack.
“So you can understand why Al Qaeda, or any other terrorist organization motivated by the jihadist ideology, would see that America is highly vulnerable right now – perhaps more than it’s ever been - to an attack or attacks the impact or direct effect [of which] would be further depression of the US’s economy,” one of the counterterrorism officials said.
Originally posted by dl2one
Reply to post by ModernAcademia
Seems like they are pre conditioning the masses to accept another military escalation to save the economy
Posted Via ATS Mobile: m.abovetopsecret.com
Originally posted by Vitchilo
Not terrorist attack.
Revolution is coming if debt ceiling ain't raised. No more entitlements. Greece like scenario... but people are armed in America.
Napolitano is afraid her and her crew are gonna get what they deserve... arrested and tried for violating the constitution, aka treason.
Originally posted by DelMar
BTW, when I read your post the Homeland Security article link was broken, figured I'd throw it in here.
Homeland Security Article
Originally posted by dl2one
reply to post by Cygnis
In a game of chess the pawns are disposable.