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    Posted August 9, 2011 by
    toik
    Location
    Incline Village, Nevada
    Assignment
    Assignment
    This iReport is part of an assignment:
    Will you still invest in stock market?

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    S&P Downgrade is Correct

     

    The Tea Party held our credit rating hostage to their demands for drastic spending cuts with no revenue increases.  Their disproportionate power in the Congress has led us to a downgrade in our credit rating.

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