The Derivative Project

S&P Debt Downgrade

Attention Americans: Don’t Ignore the Politics that Drove the Downgrade and How the Tea Party is Destroying your Retirement Savings to Benefit a Few on Wall Street

Bloomberg reported on August 6, 2011 that the S&P downgrade of  U.S. long term debt clouds President Obama’s 2012 election prospects.  This is the Tea Party’s objective.  Keep reading. “Tonight’s decision by S&P to downgrade our credit rating to AA+ is a historically significant and serious event for the United…