US credit rating

The old US of A has lost its AAA credit rating from Standard & Poor's over concerns about the budget deficit. It looks like Mr Boehner has a reason to cry now; it was his party, after all, that spent the US into the red in the first place, that made a big political fiasco out of the self-imposed August 2nd deadline, and then refused to co-operate, thanks largely to the lunatic Tea Party faction.

Already the idiotic Tea Partiers, hell bent on seeing their atavistic and quixotic idyll of what it means to be American implemented, have seen the first effects of their unrelenting Representatives and moronic domestic policy ideas. Cue market panic.