NEW YORK ( TheStreet) -- Yesterday, while millions of Americans waited until the last moment to cheerfully open their veins for Uncle Sam, word came tumbling through the news wires to prove their money was going to a good cause. It was going to the benefit of a needy, bankrupt, slightly shady, poorly governed Third World nation.That's right, folks, Standard & Poor's made it official when it cut its outlook for the national debt from "stable" to "negative." We are now officially a Third World country. While JPMorgan Chase, Citigroup and Bank of America each report billions in quarterly profit, the country in which they're situated is starting to look like Greece, which may have to restructure its national debt.
U.S. Downgraded to Third World Nation
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