Results 1 to 4 of 4

Thread: Moody’s Says U.S. May Be Cut If No Debt Limit Progress

  1. #1
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    12-13-17 @ 12:40 PM
    Gender
    Lean
    Centrist
    Posts
    11,691

    Moody’s Says U.S. May Be Cut If No Debt Limit Progress

    From Bloomberg.com:

    Moody’s Investors Service said that if there is no progress on increasing the statutory debt limit, it expects to place the U.S. government’s Aaa credit rating under review for a possible downgrade.

    “The heightened polarization over the debt limit has increased the odds of a short-lived default,” New York-based Moody’s said in a statement today. “If this situation remains unchanged in coming weeks, Moody’s will place the rating under review.”
    Moody

    I have little disagreement with the possible review and downgrade should U.S. policy makers not reach a timely agreement on the debt ceiling issue. No matter how one slices it, the kind of gridlock necessary to thwart an essential move indicates that U.S. policy makers are unwilling and/or unable to prioritize, much less make the tough decisions that will have to be made if the nation is to be put on a fiscally sustainable path.

    I still expect an agreement. But fiscal consolidation will be modest. The larger consolidation will likely be expressed in terms of goals and/or targets for which policy specifics will not have been designed.

  2. #2
    Guru
    Councilman's Avatar
    Join Date
    Apr 2009
    Location
    Riverside, County, CA.
    Last Seen
    11-04-11 @ 10:16 PM
    Gender
    Lean
    Conservative
    Posts
    4,454
    Blog Entries
    10

    Re: Moody’s Says U.S. May Be Cut If No Debt Limit Progress

    I have said all kinds of awful things about Obama and almost always sight examples of why I see him as I do, and this is different.

    Obama is as crazy as a bed bug! He keeps doing things that history has shown fail every time thinking he will get a different result.

    It's like the fool Biden saying we are going to spend our way out of economic trouble, or the idiot Pelosi saying unemployment insurance has a positive affect on the economy. Both are stupid Unemployment Insurance keeps people afloat and that's about it.

    Fox news reported that the real unemployment rate for April was 15.9% counting those whose Insurance ran out.
    Last edited by Councilman; 06-02-11 at 05:13 PM.

  3. #3
    Banned
    Join Date
    May 2011
    Last Seen
    10-16-11 @ 03:14 PM
    Gender
    Lean
    Very Conservative
    Posts
    1,845

    Re: Moody’s Says U.S. May Be Cut If No Debt Limit Progress

    Refusing to raise the debt limit is, long term, the very best thing that could happen.

  4. #4
    cookies crumble
    ARealConservative's Avatar
    Join Date
    Oct 2006
    Last Seen
    04-21-17 @ 09:41 PM
    Gender
    Lean
    Libertarian
    Posts
    14,518

    Re: Moody’s Says U.S. May Be Cut If No Debt Limit Progress

    that our rating isn't already diminished shows how politicized the rating system actually is.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •