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To: mapmaker77
Well, I hope comrade zero and the scumbag dhims are happy, they are getting what they wanted.

I would bet anything that Obama & Company pressured and pushed for this.

Anything.

They want this so that they can say, "See? See what'll happen if you don't raise the ceiling?"

30 posted on 07/13/2011 3:28:19 PM PDT by mountainbunny
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To: mountainbunny

Moody’s also has placed on review several companies that enjoy implicit backing of the federal government, most notably the mortgage finance giants Fannie Mae and Freddie Mac.

A senior Treasury Department official pointed to the Moody’s announcement as evidence that Congress needs to act to raise the debt ceiling.

“Moody’s assessment is a timely reminder of the need for Congress to move quickly to avoid defaulting on the country’s obligations and agree upon a substantial deficit reduction package,” said Jeffrey A. Goldstein, the Treasury undersecretary for domestic finance, in a statement.

http://www.washingtonpost.com/business/economy/moodys-moves-one-step-closer-to-downgrading-us-debt/2011/07/13/gIQAPRUyCI_story.html


39 posted on 07/13/2011 3:38:50 PM PDT by kcvl
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