Moody's says US needs debt plan to keep rating-DJ

Reuters ^ | July 29, 2010 | Vivianne Rodrigues

[Cheap_Hessian]

The U.S. government needs to elaborate a credible plan to address its soaring debt in order to maintain its Aaa credit rating, Moody's Investors Service's told Dow Jones newswire.

[TSgt]

The plan:

[who_would_fardels_bear]

Either that or get business sent their way, or any investigations into malfeasance stifled, or promises of future jobs for current executives.

Oligarchs gots to eat too!

[Brad from Tennessee]

The Treasury Department could declare Moody's insolvent, take it over, and we could write or own credit rating (like Aaaaa) and downgrade the creditworthiness of our rivals.

[casuist]

IMF issued similar noise about U.S. debt. What our masters in Washington hear when they hear the word “debt” is “we need to raise taxes.”

[BenKenobi]

Wow, that’s like exactly what China did, but apparently some believe their ratings are more accurate...