The Conservative Cave
Current Events => General Discussion => Topic started by: franksolich on January 11, 2008, 06:16:45 PM
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US's triple-A credit rating 'under threat'
By Francesco Guerrera, Aline van Duyn and Daniel Pimlott,in New York
Published: January 11 2008 02:00
The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody's, the credit rating agency, said yesterday.
The warning over the future of the triple-A rating - granted to US government debt since it was first assessed in 1917 - reflects growing concerns over the country's ability to retain its financial and economic supremacy.
read more at, but one has to register: http://www.ft.com/cms/s/fcc631cc-bfe6-11dc-8052-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Ffcc631cc-bfe6-11dc-8052-0000779fd2ac.html%3Fnclick_check%3D1&_i_referer=http%3A%2F%2Fwww.drudgereport.com%2F&nclick_check=1
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Oh my.
Should it be any news that it's the primitives, and not the military, that's driving us deeper and deeper into debt?
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they will ignore this or find a way to spin it....
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It's obviously a conspiracy of the Joooooooooooos!
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US's triple-A credit rating 'under threat'
By Francesco Guerrera, Aline van Duyn and Daniel Pimlott,in New York
Published: January 11 2008 02:00
The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody's, the credit rating agency, said yesterday.
Fifty trillion dollars over the next ten years to pay for welfare benefits, tapped-out Social Security and Medicare IOU's, government employee pensions and healthcare.
The military operations in Iraq are a drop in the bucket compared to this.