Moody’s Warns of Credit Downgrade; Dems Aspire to Higher Debt
Moody’s Investors Service says that the U.S. triple A sovereign credit rating may be downgraded unless either the economy improves or action is taken to reduce the country’s ballooning national debt. Seeing as a growth economy will not happen because consumers are frightened that their country will go broke, I don’t see any way out of this.
Meanwhile, the US Treasury now projects that the national debt will hit the debt ceiling of 12.4 trillion dollars by the end of February, one day ahead of the vote to skyrocket it up an additional 1.9 trillion dollars.
Obama’s legacy may very well be the man that destroyed the nation’s credit rating.
Technorati Tags: Bankrupting America, Moody’s Investors Service, National Debt, Democrat Spending, Massively Big Government, Barack Hussein Obama the Dangerous Choice
