U.S. credit rating lowered
It seems our credit “worthiness” (and hence our capabilities to acquired loans in the future) has diminished:
S&P maintained its ‘AAA/A-1+’ credit rating on U.S. sovereign debt, saying the nation’s “highly diversified” economy and “effective monetary policies” have helped support growth.
But the ratings agency lowered its outlook for America’s long-term credit rating to “negative” from “stable,” based on the uncertain political debate around the nation’s fiscal problems.
— CNN Money
On this [being in debt up to the head], of course, both parties are to blame. They seem to be more interested on their own political agendas and not on the well being of the country.