My bad, I meant the socialist spending that got us here. Not Moody's suggestion of eliminating the debt ceiling.
just remember who owns a large percentage of moodys, has multi billion dollar short put bets on the Dow and bought up part of goldman sachs during the financial crisis. that is all you need to know about what motivated moodys to say that. in short its called talking your book... or being told to talk you book or the govt or the fed telling you to tell your investment to talk its book.
Our spending is moderate, comparatively, but unlike our peers we don't tax enough to pay for it (or come close). It is the mirror opposite of socialism.
Then obviously we should spend less. Aside from all of Obama's wars most of that spending is on socialist programs.