Even Snooki got a better rating than U.S. debt.
This financial situation is no joke, but when times get tough, Americans cope by cracking wise.
Elayne Boosler noted on Twitter than by going from AAA to AA, "America's Credit Rating has been downgraded from Auto Club to Training Bra."
And who is S&P to pass judgment?
My friend, reporter John Klekamp, notes the ratings agency must be thinking, "We know we blew it with that mortgage derivatives thing, but trust us on this one."
Given that CNBC is going to be "all downgrade all the time", I reached out to folks on Twitter for alternative words or phrases to replace "downgrade". It gets boring saying the same word over and over (see "capitulation" last Thursday).
I got a lot of replies, some not printable. Here are a few worthy suggestions.