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Author Topic: Moody's Warns of Rising Risk on US Credit Rating  (Read 1782 times)

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Offline BlueStateSaint

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Moody's Warns of Rising Risk on US Credit Rating
« on: June 02, 2011, 01:22:57 PM »

Published: Thursday, 2 Jun 2011 | 2:08 PM ET

Moody's Investors Service said Thursday there is a very small but rising risk of a short-lived default by the United States if there is no increase in the statutory debt limit in coming weeks.

In a statement, Moody's said it would put the Aaa U.S. rating on review for a possible downgrade if lawmakers in Washington do not make substantive progress in budget talks by the middle of July.

"Since the risk of continuing stalemate has grown, if progress in negotiations is not evident by the middle of July, such a rating action is likely," Moody's said.



The rest of the story is only another three paragraphs, so the above is all I took from it.

The rest is at:

http://www.cnbc.com/id/43255117

The Obamessiah will probably attempt to demagogue this into an advantage for them, but I wouldn't be so quick to do that.  The latest polls show that the public doesn't want a debt limit increase without massive spending cuts.
« Last Edit: June 02, 2011, 01:24:21 PM by Chris »
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Offline olde north church

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Re: Moody's Warns of Rising Risk on US Credit Rating
« Reply #1 on: June 02, 2011, 02:05:38 PM »
Yes, enable them.  Wonderful idea! 
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Offline true_blood

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Re: Moody's Warns of Rising Risk on US Credit Rating
« Reply #2 on: June 02, 2011, 08:01:32 PM »
Good going Obozo. This is exactly what he wants.
How cannot most Americans see this? How can he even have a chance at winning the next presidential election? :argh: :argh:
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Offline Chris_

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Re: Moody's Warns of Rising Risk on US Credit Rating
« Reply #3 on: June 02, 2011, 08:05:01 PM »
Quote from: true_blood on June 02, 2011, 08:01:32 PM
Good going Obozo. This is exactly what he wants.

How cannot most Americans see this? How can he even have a chance at winning the next presidential election? :argh: :argh:
Because half of them are too busy trying to scam a free ride from the other half that actually pays the bills.
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