S&P cuts long-term outlook for US debt to negative

The officially recognized, read as not actual, debt burden remains near record levels. Devaluation, or ongoing default, is and always has been the tool used to manage excessive debt and deficits. The secular up trend in gold during Great Depression and today’s Great Recession confirms it. The issuance of debt is so “critical to national interests” that proactive downgrades will be limited in scope and timing despite evolution and intensification of the debt crisis.

Total Credit Market Debt As A% GDP


Headline: S&P cuts long-term outlook for US debt to negative

Standard & Poor's Ratings Service downgraded its outlook Monday on the United States' sovereign debt, expressing unprecedented doubts over the ability of Washington to bring the massive federal budget deficits under control in the next three years.

The agency lowered the long-term outlook to "Negative" from "Stable," saying there is a one in three chance it will downgrade the rating on the debt in the next two years.

Source: news.yahoo.com