USA Credit Rating Downgraded, Geithner said 'No Risk' of Downgrade in April

At some point, the track record of lies and just being plain wrong should catch up with this administration. We were told that unless the debt ceiling was raised, the stock market would crash. The debt ceiling was raised and the stock market dropped over 500 points in one day. We were also told that unless we raised the debt ceiling, we risked our AAA credit rating. The debt ceiling was raised and less than one week later, our credit rating has been downgraded to AA+. For added measure, here is Treasury Secretary Tim Geithner in April saying there is 'no risk' that America loses that AAA credit rating.



Here's more on the S&P downgrade.

h/t Weasel Zippers