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2008-01-12 Home Front: Politix

US's triple-A credit rating 'under threat'

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Posted by gorb 2008-01-12 03:49|| || Front Page|| [5 views ] Top

#1 Moody's did once threaten to cut the rating of some of the US Treasury's debt when Congress refused to pass the president's budget in the mid-1990s.

Which resulted in the gutting of Defense and relying upon Madam Halfbright an her diplomacy as a substitute. We all know how well that worked out in the long run. Penny wise, Dollar foolish. How much has the WoT cost so far? Bean counters should be held accountable as well.

Posted by Procopius2k 2008-01-12 09:13|| 2008-01-12 09:13|| Front Page Top

#2 Will it be the next Congress or the one after that that starts taxing Social Security, Medicare, Medicaid payments to the top income brackets... and then the next lower income brackets, and then...

Posted by trailing wife">trailing wife 2008-01-12 12:41|| 2008-01-12 12:41|| Front Page Top

#3 The US is at risk of losing its top-notch triple-A credit rating within a decade

WITHIN A DECADE? Bullshit piece if panic-crap.

Posted by Redneck Jim 2008-01-12 14:15|| 2008-01-12 14:15|| Front Page Top

#4 Sounds like a liberal at Moody's wants a tax hike. It's amusing that these guys still rate a lot of asset backed securities (aka toxic waste) AAA. Of course, they get paid by the companies that issue asset backed securities but not by Uncle Sam. I look forward to Moody's getting sued out of existence by the holders of asset backed security when they lose trillions of dollars.

Posted by Zhang Fei 2008-01-12 23:03|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-01-12 23:03|| Front Page Top

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