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Moody's to lower US credit in 2013
Fox News | 12/8/2009 | self

Posted on 12/08/2009 6:24:07 AM PST by scooby321

Stuart Varney was just on Fox and said Moody's will lower the United States bond rating for the first time ever in 2013 with current spending plans.


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: banking; bankruptusa; bho44; biggovernment; bushlegacy; corruption; credit; debt; epicfail; fail; moodys; obamanomics; obamasfault; uscreditrating
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To: scooby321

Gee, I wonder if we will hear the words...unexpected....surprising...from White House.


21 posted on 12/08/2009 7:23:49 AM PST by ladyvet (WOLVERINES!!!!!)
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To: scooby321
2013 will be a different world, the US will probably be on COD. China will force us into BK and foreclose on the Whitehouse. I don't get it!
22 posted on 12/08/2009 7:28:53 AM PST by c21sac
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To: vladimir998
with current spending plans.

That's the money line, I think you're right.

23 posted on 12/08/2009 7:33:15 AM PST by RockinRight (The sleeping giant has been awoken, and he's PISSED.)
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To: taildragger; scooby321
Now it is essentially 3 given we are on the cusp of 2010.

Great point. I think the point where they will actually lower the rating is when our debt exceeds our GDP. We are about 90% right now. Watch for increased pressure from other nations to move away from the dollar as a global currency.

24 posted on 12/08/2009 7:37:31 AM PST by wmfights (If you want change support SenateConservatives.com)
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To: c21sac; scooby321
China will force us into BK and foreclose on the Whitehouse. I don't get it!

That is the last thing the developing nations want. They need us to buy their products and in China's case they hold a lot of US govt debt (Treasuries). If we declare bankruptcy they lose all that investment and the world economy goes down the tubes for at least a generation.

What the Chinese want to do is cripple us, forcing us to raise taxes to pay our debts. In raising taxes our economy will slow and in paying down debt our investment in defense and space will diminish. They plan to catch up to us as we slow down and then pass us as the world power.

25 posted on 12/08/2009 7:46:29 AM PST by wmfights (If you want change support SenateConservatives.com)
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To: Mobties

‘first time ever in 2013 with current spending plans.’

Another Fear headline to keep the masses nervous.


26 posted on 12/08/2009 8:03:10 AM PST by Freddd (CNN is not credible.)
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To: scooby321

It’s an easy fix! Just raise taxes and print more money! /sarc


27 posted on 12/08/2009 8:39:33 AM PST by TSgt (I long for Norman Rockwell's America.)
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To: chuck_the_tv_out
When it becomes apparent that 0 will lose, there will be a surprise BEFORE the 2012 election.

Indeed, better a martyr than a has-been.

28 posted on 12/08/2009 9:38:42 AM PST by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: MikeWUSAF

Wait - isn’t “printed money” just more wealth?


29 posted on 12/08/2009 4:57:09 PM PST by 4Liberty (Dems say: 'Forget your responsibilities, your family, your community. All Eyes on Washington, 24/7.')
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