One Could Argue It Would Be Irresponsible for Rating Agencies Not to Lower the US Debt Rating

Jim Rogers made an fascinating comment on CNBC business news the other day, when he said; "the United States has already lost its credit rating." What he was referring to was the reality that the credibility of the complete faith of the US dollar and U.S. Treasury doesn't mean what it did once before since of all the bickering in Congress, and the inability for them to balance their budget, refrain from spending America into oblivion, and all of the politics involved in getting something simple done such as setting a debt limit, and living within its method. More information: click

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