Sucks to be all of us

Well, what do you know, our credit agencies insist your sucky life must get suckier.

The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts. The trigger would be a likely failure by Congress to agree on a credible long-term plan to cut the U.S. deficit, the bank said in a research note published on Friday.

This is clearly the fault of the poor and the middle classes, better make sure they are more severely punished. But it isn't bad for everyone (just almost everyone)