I can't believe anyone with an ounce of sense would say anything like that. How stupid are the analysts at Moody's anyway? I guess their only interest is in seeing bond holders paid, not in the survival of this country. Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders. http://www.cnbc.com/id/43790768
============== Nope; but is is partly true.Socialism runs amuck.Using that Moodys logic, whats next; free drinks to comvicted drunk drivers???. Nope {MADD face/mother against drunk drivers}Wonder if they are long silver SLV , gold GLD /derivatives that would explain it, but shoud be disclosed, even though its not exactly a conflict perhaps. Actually some @ Moodys gave it careful thought ; they mentioned the private pension system in Chile, Chilealso has good imported apples/ granny smith apples. And with the NYT running aticles on ''Chile Rethinking It's Pension System,'' thats another great point in favor the Chile private pension system
We'll trade in our green backs for blue backs. Obama vows to veto spending cuts and Balanced Budget Ammendment bills.