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S&P DOWNGRADE: What do I think?

Posted on: Monday, August 08, 2011
On Friday, ratings agency Standard & Poor’s downgraded the U.S. from AAA to AA+. What does this mean? First of all, this downgrade has been a long time coming. Despite the fact that this has never happened since the U.S. first received its AAA rating in 1917, it is a good thing.