Tuesday, July 19, 2011

It’s Not the Ceiling That’s The Problem; It’s That The Ceiling Is Already TOO HIGH!


Credit rating agencies Fitch, S&P and Moody’s have all warned that without significant deficit reduction being enacted now, the United States’ gold-plated Triple-A credit rating is being reviewed for a downgrade. Significantly, S&P gauges a 50 percent likelihood of a downgrade in the next three months alone.


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