M14 Shooter
The Light of Truth
- Sep 26, 2007
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US's triple-A credit rating 'under threat'
By Francesco Guerrera, Aline van Duyn and Daniel Pimlott,in New York
Published: January 11 2008 02:00 | Last updated: January 11 2008 02:00
The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody's, the credit rating agency, said yesterday.
The warning over the future of the triple-A rating - granted to US government debt since it was first assessed in 1917 - reflects growing concerns over the country's ability to retain its financial and economic supremacy.
http://www.ft.com/cms/s/fcc631cc-bf...r=http://www.drudgereport.com/&nclick_check=1
I can't tell you how many times I have said that if you REALLY want to address the deficts and debt, you need to cut entitlrment spending.