Discussion in 'Politics' started by Toro, Aug 11, 2011.
Moody's: Why the U.S. Is Still AAA - NYTimes.com
Perhaps having one downgrade us gives us the benefit of a wakeup call without the harsh consequences of an across-the-board downgrade - but judging from the selections for the 12 person reduction panel, I suspect that the wakeup call wasn't heard in congress.
I am having a hard time with S&P's rational. Granted, I am not an economist, but first they made an error (admittedly) and then indicated they downgraded us based on the climate in Washington while claiming that this was in no way politically motivated.
It seems very subjective. Moody's seems more objective. Then again, I don't want to pick and choose. However, since 2/3 still rate us as AAA why is everyone harping over the downgrade? Is S&P the Gold Standard for credit rating or something?
i guess it is seen as the first crack in the wall.
Honestly why does moody's believe that we're AAA?
We need a real leader.
They laid out their rationale if you read the intro post.
Well anyone who questions S&P's rating based on the fact that they missed the 2008 collapse has to do the same with Moody's since they missed it as well. The truth is that the U.S. is not a AAA country, and it's not even a AA+ country. Does anyone honestly believe we'll pay our $14 trillion debt without resorting to printing money? Not going to happen.
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