Contributors

Thursday, June 20, 2013

Upgrade

S&P Upgrades U.S. Credit Outlook to ‘Stable’

Now S&P projects U.S. general government deficit plus non-deficit borrowing requirements to dip to about 6% of gross domestic product in 2013, down from 7% in 2012, and to less than 4% in 2015. The ratings firm also sees net general government debt as a share of GDP staying “broadly stable” for the next few years at about 84%, allowing policymakers “some additional time to take steps to address pent-up age-related spending pressures.

All over the country conservatives are face palming...what does a feller have to do to get a failed economy so they can justify their Obamaphobia?

No comments: