Comments
Via Reuters: Moody’s suggests U.S. eliminate debt ceiling
The United States is one of the few countries where Congress sets a ceiling on government debt, which creates "periodic uncertainty" over the government’s ability to meet its obligations, Moody’s said in a report.
I would second that motion.
h/t: Taegan Goddard.
Categories
Tags
I strongly disagree. Remember that this was the same Moody’s that had Fannie and Freddie Mac also rated as AAA investments until the wheels came off. There is no rational reason, the US shoiuld be rated as an AAA risk anyways and that’s been true for years. I think Moodys wants this govt to remove the “check engine light” for our out of control spending (which is threatening to bankupt us, debt limit or no debt limit) rather than doing anything serious to fix the engine.
This problem will not go away by ignoring it, and our politicos (of both parties) have proven that without a reason (like a debt limit) to do something, they won’t.
-Polaris
