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Discussion in 'Off Topic Threads' started by bigdogtx, Oct 25, 2009.

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  1. bigdogtx

    bigdogtx Well-Known Member

    Aug 5, 2006
    This is some of the results of the last elections....if this happens our grandkids are SCREWED!!!! Brag on hussein and the congress all you want,,,,and then TELL US WHY YOU HATE CHILDREN since YOU are promoting the STEALING of their financial future....


    "U.S. may lose AAA-rating, Moody's warns

    www.chinaview.cn 2009-10-23 00:29:50 Print

    NEW YORK, Oct. 22 (Xinhua) -- The United States my lose its AAA-rating if it can not control its deficit hike, rating agency Moody's Investors Service warned on Thursday.

    Steven Hess, Moody's lead analyst for the United States, said in a TV interview that the AAA rating of the United States is "not guaranteed." He said if the U.S. deficit does not drop to a sustainable level in the next three to four years, the U.S. rating will be "in jeopardy."

    The U.S. government posted a record deficit of 1.417 trillion U.S. dollars in the fiscal year ended Sept. 30. Stimulus package to combat the severe recession and a series of bailout rescues to banks and automakers have put a heavy burden on government spending.

    The Obama administration has predicted that deficits would top 1 trillion dollars through fiscal year 2011.

    Currently Moody's has a stable outlook on the U.S. rating, an indication that there will not be a change in the next 18 months.

    Also on Thursday, Moody's said European countries' rising debt won't trigger across-the-board credit-rating downgrades as countries are measured relative to each other. Earlier this year, Standard & Poor's lowered its outlook on Britain from stable to negative, causing unrest in global equity markets.

    Editor: Yan"
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