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In a memo being circulated on Capitol Hill Wednesday, Moodys Investors Service offers answers to frequently asked questions about the government shutdown, now in its second week, and the federal debt limit. President Obama has said that, unless Congress acts to raise the $16.7 trillion limit by next Thursday, the nation will be at risk of default.
Not so, Moodys says in the memo dated Oct. 7.
We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact, the memo says. The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasurys extraordinary measures to raise funds) and a default.
Perhaps because they would be the ones to lower the Country's Credit Score if there was a problem.
You don't care because it doesn't fit in the lies that you have been told, believed, and spread.
I wonder if the Press is going to hit Obama and the Democrats with this?
In a memo being circulated on Capitol Hill Wednesday, Moody’s Investors Service offers “answers to frequently asked questions” about the government shutdown, now in its second week, and the federal debt limit. President Obama has said that, unless Congress acts to raise the $16.7 trillion limit by next Thursday, the nation will be at risk of default.
Not so, Moody’s says in the memo dated Oct. 7.
” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.
I doubt it... But if it were an honest press they would.
Paying interest on the Treasury Notes is only one of many debts the Government must pay. Most media outlet have explained all that. If the fed can't borrow any money to pay it's debts somebody is not going to get paid.
Expenditures would have to be cut. I say the President should close up half the military bases we have scattered about the world. End the War on recreational drug users. Blanket amnesty for all non-criminal illegal aliens.
Paying interest on the Treasury Notes is only one of many debts the Government must pay. Most media outlet have explained all that. If the fed can't borrow any money to pay it's debts somebody is not going to get paid.
Expenditures would have to be cut. I say the President should close up half the military bases we have scattered about the world. End the War on recreational drug users. Blanket amnesty for all non-criminal illegal aliens.
I only have problems with the last two suggestions.
I have long advocated the closure of all military bases except one in each of the major regions of the world and that one would be a Super-Base with both Ocean and air access for the Navy and Air Force.
Just as we should shut down all these Consulates and such and only have one or two Major Embassies in each region of the world. That would hopefully stop the political awarding of embassies to political donars.
why would i care what moody's says? they are part of the problem with how our economy got into this mess.
why would i care what moody's says? they are part of the problem with how our economy got into this mess.
why would i care what moody's says? they are part of the problem with how our economy got into this mess.
Moody's a major ratings agency with a lot of knowledge of budgets and so forth. They represent an expert opinion.
Since their expert opinion differs from what Rachel Maddow told you last night you must dismiss it in any manner possible.
why would i care what moody's says? they are part of the problem with how our economy got into this mess.
Moody's a major ratings agency with a lot of knowledge of budgets and so forth. They represent an expert opinion.
Since their expert opinion differs from what Rachel Maddow told you last night you must dismiss it in any manner possible.
why would i care what moody's says? they are part of the problem with how our economy got into this mess.
Moody's a major ratings agency with a lot of knowledge of budgets and so forth. They represent an expert opinion.
Since their expert opinion differs from what Rachel Maddow told you last night you must dismiss it in any manner possible.
why would i care what moody's says? they are part of the problem with how our economy got into this mess.
Yes...If the message violates the narrative, impugn the messenger.
DO you really think anyone else besides the Obama camp is sticking by the 'shy will fall' bullshit story?
Think again.
Obama wants a blank check.
He wants the GOP to capitulate to his demands. Then he 'said' he would negotiate.
We've heard this music before. It's a shit show.
And the GOP isn't paying to see the concert.
why would i care what moody's says? they are part of the problem with how our economy got into this mess.
Moody's a major ratings agency with a lot of knowledge of budgets and so forth. They represent an expert opinion.
Since their expert opinion differs from what Rachel Maddow told you last night you must dismiss it in any manner possible.
i dont watch cable news....but hey once again you are wrong. Moody's is part of the problem.their "expert" opinion helped create the mess we are currently in. but then you are too stupid to see that. Thus im done talking with you
Perhaps because they would be the ones to lower the Country's Credit Score if there was a problem.
again why do i care? its a giant circle jerk.
why would i care what moody's says? they are part of the problem with how our economy got into this mess.
Moody's a major ratings agency with a lot of knowledge of budgets and so forth. They represent an expert opinion.
Since their expert opinion differs from what Rachel Maddow told you last night you must dismiss it in any manner possible.
i dont watch cable news....but hey once again you are wrong. Moody's is part of the problem.their "expert" opinion helped create the mess we are currently in. but then you are too stupid to see that. Thus im done talking with you
