Here's What Happens When Your City Is Cut To Junk

Vallejo, Stockton, San Bernardino, Detroit, now Chicago.  Who's next?

http://www.zerohedge.com/news/2015-06-01/heres-what-happens-when-your-city-cut-junk

Microsoft Layoffs to Cut Up to 18,000 Jobs

http://www.nytimes.com/2014/07/18/business/microsoft-to-cut-up-to-18000-jobs.html?_r=0

Greenspan Says Stocks Will Decline Following S&P U.S. Rating Cut

Is it coincidence that former Fed Chairman Alan Greenspan has been brutally honest since leaving his post in 2006?

http://www.businessweek.com/news/2011-08-07/greenspan-says-stocks-will-decline-following-s-p-u-s-rating-cut.html

America “Makes The Cut” – So What Happens Next?

This is the best post I've read  so far on the US Treasury debt downgrade. 

http://www.alt-market.com/articles/214-america-makes-the-cut--so-what-happens-next