Posted on 03/15/2010 9:40:08 AM PDT by Kartographer
The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.
The governments of the two economies must balance bringing down their debt burdens without damaging growth by removing fiscal stimulus too quickly, Pierre Cailleteau, managing director of sovereign risk at Moody’s in London, said in a telephone interview.
(Excerpt) Read more at businessweek.com ...
We could save over 300 Billion a year by stopping foreign aid.
Where in the Constitution does it say The king shall tax its citizens and send their treasure to foreign kings?
When it happens, it will of course be “unexpected.”
Every one be sure to send Jack Squat a “Thank you” card.....
Tax baby, tax!
While I have no doubt that the current and future debt, debt service and deficits are appalling, remember that this is Moody’s.......the people who gave AAA Investment Grade ratings to all those MBSs a while back.
This all started in 2006 when the dems took over the congress.
The same idiots taht voted dem then voted zero in ‘08 to finalize the coup.
Now in 2010 we are asking if we can wait ‘til 2012.
If we wait, it’s at our own peril!
Pubbies need to file charges of violation of oath of office every time a dem opens thier mouth!
Did you include our ‘dues’ to the UN in that figure?
‘Pubbies need to file charges of violation of oath of office every time a dem opens thier mouth!’
If youre putting your hope in the republicans then prepare to be royally disappointed.
If only they would go on offense and stay there.
That is my HOPE for Change.
Wouldn’t it be nice.
frankly I am shocked that the U.K. still has a AAA rating.
I mean....look at them
no
81.2% of all statistics are made up.
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