Moodys will rate you however you want if you pay them. They are a joke.
| Year | Gross Debt in Billions undeflated[11] |
as % of GDP | Debt Held By Public ($Billions) |
as % of GDP |
|---|---|---|---|---|
| 1910 | 2.6 | 7.8 | 2.6 | 7.8 |
| 1920 | 25.9 | 29.3 | 25.9 | 29.3 |
| 1928 | 18.5[12] | 19.0 | 18.5 | 19.0 |
| 1930 | 16.2 | 17.8 | 16.2 | 17.8 |
| 1940 | 50.6 | 52.4 | 42.8 | 44.2 |
| 1950 | 256.8 | 94.0 | 219.0 | 80.2 |
| 1960 | 290.5 | 56.0 | 236.8 | 45.6 |
| 1970 | 380.9 | 37.6 | 283.2 | 28.0 |
| 1980 | 909.0 | 33.4 | 711.9 | 26.1 |
| 1990 | 3,206.3 | 55.9 | 2,411.6 | 42.0 |
| 2000 | 5,628.7 | 58.0 | 3,409.8 | 35.1 |
| 2001 | 5,769.9 | 57.4 | 3,319.6 | 33.0 |
| 2002 | 6,198.4 | 59.7 | 3,540.4 | 34.1 |
| 2003 | 6,760.0 | 62.6 | 3,913.4 | 35.1 |
| 2004 | 7,354.7 | 63.9 | 4,295.5 | 37.3 |
| 2005 | 7,905.3 | 64.6 | 4,592.2 | 37.5 |
| 2006 | 8,451.4 | 65.0 | 4,829.0 | 37.1 |
| 2007 | 8,950.7 | 65.6 | 5,035.1 | 36.9 |
| 2008 | 9,985.8 | 70.2 | 5,802.7 | 40.8 |
| 2009 | 12,311.4 | 86.1 | 7,811.1 | 54.6 |
| 2010 (31 Dec) | 14,025.2 | 95.2 (3rd Q) | 9,390.5 | 63.7 (3rd Q) |
All the more reason to repeal obamacare.
The report indicates that government’s spending on healthcare and pensions is a problem.
Note that DoD is not on that list (for those who need to counter libs that say the Iraq/Afghan stuff is bankrupting us).
http://online.wsj.com/article/SB10001424052748703583404576079311379009904.html