Moody’s...weren’t they the guys who said AIG and Lehman’s were just fine...before they weren’t?
So...Moody’s credibility is hardly...well credible. I’ll swun!
Soooo last couple weeks Moody’s kept saying if they didn’t see 4 trillion in cuts, etc.
Now everything is A-ok?
Hmmmm.
Do nothing and we will have a balanced budget...they should go positively orgasmic over that.
I wonder how many of Obama’s cronies are at Moody’s now?
Moody's and S&P blink. Obviously both are in the tank for the left. Everybody's posturng. Who can we trust?
Moody’s and S&P have been bought and paid for. They have no problem downgrading the PIIGS in Europe. So the USA should have been downgraded already.
This AAA rating is a joke. With an ever increasing debt that means the interest expense gets greater.
We are on our way to a default one way or another and the charade in D.C. just gets us there faster.
You're right. In fact, this article is yet another complete fabrication by one of the least trustworthy of MSM news sources -- the Associated Press.
This is what Moody's actually said:
"If there were a default on a Treasury debt obligation, a downgrade would likely follow, even if the default were swiftly cured and investors suffered no permanent losses ... If the debt limit is not raised before August 2, we believe that the Treasury would give priority to debt service payments and could thus postpone a potential debt default for a number of days ... As to the longer-term outlook on the rating, the limited magnitude of current deficit reduction proposals suggest that even a timely increase in the debt ceiling will lead to the assignment of a negative outlook on the rating."
In other words, unconstrained deficit spending leading to an increase in the debt ceiling is the problem, not increasing the debt ceiling by August 2.
The News Ninnies are either stupid, or deceptive, or both. Believe anything they say at your own peril.
The fix was and is in..... =.=
Or, it is like raising the blood alcohol driving limit so the intoxicated alcoholic can now drive without arrest. Take your pick.
In the real world entities that are as over leveraged as the U.S. is loses its high credit rating.
Up is down - bankrupt is solvent.
The two ring circus becomes a three ring circus and I’m still buying popcorn futures.
What a complete joke. I’m ashamed of my country.
Agree because the credit rating is going to drop anyway.
Obama&Co. have us so far in the hole it will take years to recover,China winks.
I see Moody’s blinked! The deadline passed with no resolution. So much for Moody’s threats!
Is this the same Moody’s that gave Triple A rating to all those pureed MBSs? Thought so....
Unexpected
I’ll say this.
I ain’t buying no gunmint bonds.
Ever.