Moody’s Threatens To Downgrade U.S. Credit Rating Amid “Meaningful Fiscal Deterioration”

ETF Daily ^ | 02/09/2018

[bagster]

Blah blah blah.

The deep staters are EVERYWHERE.

[ClearCase_guy]

Golly, under Obama we were AAA — then Trump comes in and WHAM! Junk bonds! [/CNN]

[PMAS]

Buffet is the very definition of a Crony Capitalist

[SeekAndFind]

RE: Golly, under Obama we were AAA — then Trump comes in and WHAM! Junk bonds!

Actually on August 2011, S&P DOWNGRADED US debt for the first time in history from AAA to AA+.

See here:

https://www.wsj.com/articles/SB10001424053111903366504576490841235575386

The issue should not be who is President, but ARE THE DOWNGRADES reasonable.

[C19fan]

/src on/The risk of US default is zero because the Federal Reserve can run the printing presses so debt holders are paid. Of course that might mean the money is worthless but yo were paid./src off/

[fruser1]

"rising entitlement costs"

Easily corrected by means testing:

Keep the tax rates the same (credit side) but only pay one person $20 a year (debit side).

[Hostage]

Moody’s could have done this at any time in the last decade but were afraid of Obamka and his peoplekind.

Last I checked Berkshire Hathaway (Warren Buffhole) still had a 26% controlling share of Moody’s and were calling its shots.

[SoFloFreeper]

Moody’s did this when Obama occupied the Oval Office, and the media DID NOT GIVE A DAMN.

[rjsimmon]

The risk of US default is zero because the Federal Reserve can run the printing presses so debt holders are paid. Of course that might mean the money is worthless but you were paid.

Carter did that. 13.5% inflation was the result.

[SeekAndFind]

RE: Moody’s did this when Obama occupied the Oval Office, and the media DID NOT GIVE A DAMN.

I believe it was the other giant ratings agency, S&P who did this under Obama. See here:

https://www.wsj.com/articles/SB10001424053111903366504576490841235575386

[Sasparilla]

...a US downgrade due to Trumponomics is inevitable...

Absolutely. Inevitable when liberals have a hand in a downgrade for political purposes.

[Mollypitcher1]

Not to worry. Wait just a little until the result of lower taxes and the rebuilding of our sovereign state together with the return of our middle income people kicks in.

[Alberta's Child]

The S&P downgrade of 2011 was idiocy, and the Obama administration was right to crack down on them. S&P rates creditworthiness on the basis of default potential, and there’s no way in hell the U.S. government should have been considered a default risk.

[Moonman62]

Buffet is the very definition of a Crony Capitalist

...

Or the very definition of a Crooked Democrat.

[combat_boots]

I remember people standing in line to sell their family silverware under Carter.

[trebb]

Yep - even as the economy itself starts rolling like it never did under Obama...blame the Fed for this cheap shot....but it too will straighten out as much as something that nobody really knows about as far as what “tweaks” it these days - else we wouldn’t have 26 stories coming out of 20 pundits’ mouths...

[TexasGunLover]

Not to worry. Wait just a little until the result of lower taxes and the rebuilding of our sovereign state together with the return of our middle income people kicks in.

We need a massive cut in spending as well. 85% of the federal government needs to be eliminated ASAP.

[Lurkina.n.Learnin]

Buffet is an oligarch.

[PMAS]

Actually he is both