This topic is about information related to the U.S. deficit and the National Debt. This is an area that NetAdvisor.org has covered in great depth due to the long term risks to the U.S. economy. Every tax payer and U.S. resident should be aware of the risks and implications of the U.S. deficit and National Debt.
Deficit
S&P Downgrades U.S. Debt Rating
One of the three major credit rating agencies, Standard & Poor’s (“S&P”) downgraded the rating on U.S. credit late Friday August 5, 2011. This is the first time in U.S. history that the United States government’s credit has ever been downgraded. The U.S.A. established an AAA credit rating in 1917. Read More…