Moody's warns fiscal cliff deal is not sufficient to avoid downgrade

[Euroconservativ]

Of course is sufficient. Moody's may downgrade the US to keep up appearances against accusations of pro-US/UK and anti-european bias, but it doesn't mean anything.

Because America issues the world's reserve currency. The government runs huge budget deficits and borrows at 0% interest. The US Dollar will remain the world's reserve currency for a long long time.

 

[chikenwing]

As soon as Obama educates the American people on just what the COTUS says about what branch of governmnet has the power to tax and spend, the Rethugs will get killed for defaulting on the debts they authorized.

Wall street will be really REALLY pissed at rethugs for trashing the economy.

And the 2014 elections couldn't get here fast enough. To punish the rethugs. It's gonna be great.

But I think, if you all have any stock or stock funds, convert to cash. Bond funds, get out now. Our economy will get trashed in this go around.

Good example of whats wrong in this country,this is just being ignorant to the max.

Dems hold two of three branches, all for awhile,but blame the other guy,they are ether totally inept or totally dishonest,or both.

 

[Si modo]

Most knew another downgrade was coming, irrespective of how the cliff was dealt with.

But the folks in the District will all play the blame game and do nothing - zero, zip, nada - to fix this.

This ain't no game, DC MFers, this is real fucking life.

 

[Euroconservativ]

Do you take these people seriously? French stocks rallied to its highest level in 2012 after Moody's downgrade some weeks ago.

 

[ilia25]

Do you take these people seriously? French stocks rallied to its highest level in 2012 after Moody's downgrade some weeks ago.

Japan was downgraded 10 years ago.

And yet today it still borrows cheaper than the US or virtuous Germany, despite being 14 trillion in debt.


But to be fair, Moody tells explicitly that the downgrade is not about the debt. It's about Republicans threatening to prevent the Government from paying its bills.

 

[Si modo]

Do you take these people seriously? French stocks rallied to its highest level in 2012 after Moody's downgrade some weeks ago.

Japan was downgraded 10 years ago.

And yet today it still borrows cheaper than the US or virtuous Germany, despite being 14 trillion in debt.

....

Because Japan's debt is mostly domestic owned.

But to be fair, Moody tells explicitly that the downgrade is not about the debt. It's about Republicans threatening to prevent the Government from paying its bills.

Bullshit.

Although Moody's said it expected additional deficit-reduction measures in the coming months, the company did not remove its negative outlook on the U.S.' AAA rating. President Obama and Congress delayed automatic federal spending cuts for two months to provide time for negotiations on more deficit-reduction measures.

"Moody's will need to consider these measures in assessing the rating outlook," the company said Wednesday. The nation's debt outlook after those negotiations will determine whether Moody's downgrades the U.S. rating a notch to Aa1.​

(From the OP link)

 

[zeke]

As soon as Obama educates the American people on just what the COTUS says about what branch of governmnet has the power to tax and spend, the Rethugs will get killed for defaulting on the debts they authorized.

Wall street will be really REALLY pissed at rethugs for trashing the economy.

And the 2014 elections couldn't get here fast enough. To punish the rethugs. It's gonna be great.

But I think, if you all have any stock or stock funds, convert to cash. Bond funds, get out now. Our economy will get trashed in this go around.

Good example of whats wrong in this country,this is just being ignorant to the max.

Dems hold two of three branches, all for awhile,but blame the other guy,they are ether totally inept or totally dishonest,or both.

Another fuking fool that doesn't underrstand which branch of government has the authority to tax and spend.

Read the fuking COTUS. Maybe it will clear up your lack of understanding.

But I doubt it. You can't fix stupid.

 

[Seawytch]

Do you take these people seriously? French stocks rallied to its highest level in 2012 after Moody's downgrade some weeks ago.

Japan was downgraded 10 years ago.

And yet today it still borrows cheaper than the US or virtuous Germany, despite being 14 trillion in debt.

....

Because Japan's debt is mostly domestic owned.

So is ours. Only 27% of our debt is to foreign investors.

 

[The Rabbi]

As soon as Obama educates the American people on just what the COTUS says about what branch of governmnet has the power to tax and spend, the Rethugs will get killed for defaulting on the debts they authorized.

Wall street will be really REALLY pissed at rethugs for trashing the economy.

And the 2014 elections couldn't get here fast enough. To punish the rethugs. It's gonna be great.

But I think, if you all have any stock or stock funds, convert to cash. Bond funds, get out now. Our economy will get trashed in this go around.

Good example of whats wrong in this country,this is just being ignorant to the max.

Dems hold two of three branches, all for awhile,but blame the other guy,they are ether totally inept or totally dishonest,or both.

Another fuking fool that doesn't underrstand which branch of government has the authority to tax and spend.

Read the fuking COTUS. Maybe it will clear up your lack of understanding.

But I doubt it. You can't fix stupid.

WHo passed Obamacare? Who passed the stimulus? Who has controlled Congress for 5 of the last 6 years?

Your ignorance, stupidity and hackery is showing again, Zeke.

 

[ilia25]

Do you take these people seriously? French stocks rallied to its highest level in 2012 after Moody's downgrade some weeks ago.

Japan was downgraded 10 years ago.

And yet today it still borrows cheaper than the US or virtuous Germany, despite being 14 trillion in debt.

....

Because Japan's debt is mostly domestic owned.

But to be fair, Moody tells explicitly that the downgrade is not about the debt. It's about Republicans threatening to prevent the Government from paying its bills.

Bullshit.

Although Moody's said it expected additional deficit-reduction measures in the coming months, the company did not remove its negative outlook on the U.S.' AAA rating. President Obama and Congress delayed automatic federal spending cuts for two months to provide time for negotiations on more deficit-reduction measures.

"Moody's will need to consider these measures in assessing the rating outlook," the company said Wednesday. The nation's debt outlook after those negotiations will determine whether Moody's downgrades the U.S. rating a notch to Aa1.​

(From the OP link)

Keep on reading:
"Moody's said it was particularly concerned that the tax deal did not include an increase in the nation's debt limit."

 

[Remodeling Maidiac]

As soon as Obama educates the American people on just what the COTUS says about what branch of governmnet has the power to tax and spend, the Rethugs will get killed for defaulting on the debts they authorized.

Wall street will be really REALLY pissed at rethugs for trashing the economy.

And the 2014 elections couldn't get here fast enough. To punish the rethugs. It's gonna be great.

But I think, if you all have any stock or stock funds, convert to cash. Bond funds, get out now. Our economy will get trashed in this go around.

Good example of whats wrong in this country,this is just being ignorant to the max.

Dems hold two of three branches, all for awhile,but blame the other guy,they are ether totally inept or totally dishonest,or both.

And he advised to convert to cash. Cash, not something valuable lol

 

[BlindBoo]

Yep the ball is in the Republican led House's court now. If they allow a credit downgrade because they hold the debt ceiling hostage to spending cuts, they will reap the rewards in 2014.

 

[jillian]

Moody's says 'fiscal cliff' deal doesn't end credit downgrade risk - latimes.com)

Seems some conservatives were correct. This deal was a complete joke.

the deal wasn't the problem. the refusal of the teatards to allow government to function intelligently is the problem.

boehner and obama would have cut a deal weeks ago. and it would have been a deal that encompassed both cuts and tax increases.

but nooooooooo... the loons had to kibbosh it and cut boehner off at the knees.

 

[LordBrownTrout]

Worse is that the Rs are saying they plan to make it a lot worse. They plan to force another big fight, a showdown and ultimately, another downgrade.

Hard to believe the R hates their own country this much.

Hard to believe that O has racked up almost twice the debt that Bush did.....and, in only four years. Why do D's hate this country so much?

 

[BlindBoo]

Japan was downgraded 10 years ago.

And yet today it still borrows cheaper than the US or virtuous Germany, despite being 14 trillion in debt.

....

Because Japan's debt is mostly domestic owned.

So is ours. Only 27% of our debt is to foreign investors.

Next to China, Japan is the second largest stakeholder in our debt.

 

[BlindBoo]

Worse is that the Rs are saying they plan to make it a lot worse. They plan to force another big fight, a showdown and ultimately, another downgrade.

Hard to believe the R hates their own country this much.

Hard to believe that O has racked up almost twice the debt that Bush did.....and, in only four years. Why do D's hate this country so much?

After being handed over a trillion dollar budget deficit, it's not that hard to believe

 

[Koios]

Obama bin Downgraded

I doubt that. In fact, he's probably got a FICO score near 800.

The question is whether President Obama's actions / words / policies are why we've been downgraded and might be again. So let's parse ...

When were we downgraded last, and why? Because of the little game of chicken Boehner was playing with the debt ceiling increase, which previously passed, easily and with little fanfare. So what happened? Moody's feared an unwillingness on the part of the US to service our debt, and new borrowing became more questionable. It's not an ability thing; indeed we are the richest nation on mother earth, by a wide margin. We've handled debt in that past, with similar debt to GDP. The only concern is our Tea-infused House of Reps, getting all retarded and shit and diminishing the preceived strength of "Full faith and credit of the United States."

And even when they veer off at the last second, the Boehner retards don't veer off by much. They just kick it down the road 3 or so more months. So of course that damages our credit worthiness.

Japan has higher debt to GDP, and a better credit rating. Why is that? Obviously, they do not have abject fucking retards like we do, vis a vis the many Tea Party nincumpoops whose dicks Boehner is sucking.

So it continues: a poorly veiled attempt to sabotage this country, so Boehner & Co can blame Obama for shit going south, or at least north too slowly. And while I'm not so foolish as to think the braindead Cons who litter this site will ever get it, many voters are. The typical voter is totally fed up with this stupid fucking game Reps are playing, and the opinion polls show it, unambiguously.

So, fuck you, Republicans. You deserve where you've climbed to get: the fucking bottom.