WHY DID S&P ISSUE A WARNING ON THE U.S. BOND RATING? HERE A COUPLE EXPERTS DISCUSS THE POSSIBILITIES. MY BET IS THAT IT WAS STAGED AS A FAKE JUSTIFICATION FOR ROBBING SOCIAL SECURITY.

   theREALnews

April 19, 2011

Why Did S&P Issue Warning on US Bond Rating?

Kevin Hall and Mark Weisbrot discuss reasons for Standard and Poor's warning US could lose AAA rating



Bio

Mark Weisbrot is co-director of the Center for Economic and Policy Research, in Washington, D.C. He received his Ph.D. in economics from the University of Michigan. He has written numerous research papers on economic policy, especially on Latin America and international economic policy. He is also co-author, with Dean Baker, of Social Security: The Phony Crisis (University of Chicago Press, 2000). Kevin G. Hall, the former South America bureau chief, is the Bureau's national economics correspondent. During a 24-year career he has worked in Rio de Janeiro, Mexico City, Saudi Arabia, Miami, Los Angeles and Washington, D.C., and has reported from across the globe. He is the 2004 winner of the Sigma Delta Chi award, given by the Society of Professional Journalists Award for best foreign correspondence. A member of the National Economists Club, Hall is also an elected board member of the Society of American Business Editors and Writers, the nation's premier association for business journalists.