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<blockquote data-quote="Langston Holland" data-source="post: 33870" data-attributes="member: 171">Another FirstStandard &amp; Poor&#039;s is convinced that the children will continue to party for the next two years at least and unconvinced the parents are going to do anything about it.From <a href="http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&amp;blobcol=urldata&amp;blobtable=MungoBlobs&amp;blobheadervalue2=inline%3B+filename%3DUS_Downgraded_AA%2B.pdf&amp;blobheadername2=Content-Disposition&amp;blobheadervalue1=application%2Fpdf&amp;blobkey=id&amp;blobheadername1=content-type&amp;blobwhere=1243942957443&amp;blobheadervalue3=UTF-8" target="_blank">the report card</a> sent home yesterday with little Johnny:&quot;The outlook on the long-term rating is negative. We could lower the long-term rating to &#039;AA&#039; within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case.&quot;</blockquote>

[QUOTE="Langston Holland, post: 33870, member: 171"] Another First Standard & Poor's is convinced that the children will continue to party for the next two years at least and unconvinced the parents are going to do anything about it. From [url=http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&blobcol=urldata&blobtable=MungoBlobs&blobheadervalue2=inline%3B+filename%3DUS_Downgraded_AA%2B.pdf&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobkey=id&blobheadername1=content-type&blobwhere=1243942957443&blobheadervalue3=UTF-8]the report card[/url] sent home yesterday with little Johnny: "The outlook on the long-term rating is negative. We could lower the long-term rating to 'AA' within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case." [/QUOTE]

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