America Trying to Get AAA Rating Back

Monday morning on Wallstreet, US Debt rating is downgrading from AAA to AA+, Credit rating agency opinions always provide the steps a company or government needs to take in order to improve its grade. Standard & Poor’s rating action on the U.S., which downgraded the country’s long-term debt from AAA to AA+, includes the information that the U.S. needs to consider to recover its AAA rating.Can America get AAA rating back in short terms, I don`t think so
Yeah of course S&P did not factor in to its decision the possibility that the U.S. economy could make a sustained and robust recovery. If that happened, the nation’s budget problems would not disappear, but could improve enough so that the severe strain of entitlement costs might be delayed by a few years.maybe for next 5 years ahead.

The agency likely will wait to see the results of the 2012 election. Based on who is sent to Washington and who is sent home, that is the simple one to review the USA financial power, Voters will make the only significant determination about whether the U.S. gets its AAA rating back. The S&P has created a reasonable road map for the U.S. to get its AAA rating back that conforms with the opinions of the majority of economists. But still there are a limited number of actions that the U.S. can take, and each will involve some level of sacrifice.

How about the other ways.... The other crucial area of concern from the S&P revision is that budget cuts alone are not enough to make sharp deficit reductions. Additional revenue to the Treasury will be needed, which means taxes will have to increase.