What S&P downgrade means

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Yesterday S&P downgraded the US from stable to negative because they felt that Obama and Congress are never going to be able to solve our mounting debt problem and I agree.

The following short video is very illustrative of our debt service costs and as our debt mounts and the cost of debt rises–because of the downgrade or loss of AAA bond status–there will be much more to pay for our national debt.

Brother can you spare a trillion

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