United States loses AAA credit rating

oxide7 writes: The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about the government's budget deficits and rising debt burden. The move is likely to raise borrowing costs eventually for the American government, companies and consumers.

Meaningless.

[ElementOfDestruction]

The rats have already started abandoning ship. GE, Ford, GM, Walmart, and thousand of other corporations bigger than this nation's borders have already staked their claim for power outside of them. If the US goes bankrupt, none of the rich will be affected. They'll - ultimately - simply move on to the next society to leech off of. The bottom 99%? Fucked.