S&P, Moody's Warn On U.S. Credit Rating

Wall Street Journal ^ | January 13, 2011 | Mark Brown and Nathalie Boschat

[Qbert]

“Oh who cares he healed us all last night.”

LOL

[swarthyguy]

>the debt limit raised.

Yup. Our three weapons are fear, fear and fear.

Bernanke, Paulson et al steamrolled Bush and any Congressmen of either party who dared resist the first bailout. And then all bets were off and the spigots loosened to enable bankers to live the life they are accustomed to. Beats hanging by their necks from lampposts and trees, y’know.

Worked then. If I was to bet, I’d bet on the ceiling being raised. The threat of a downgrade in rating and/or the inability to borrow more albeit at higher rates would be too dire to contemplate. There, fear again. Works like a charm :>>

Now, at some point, interest on the debt surpasses the size of the Pentagon’s budget.

You ever get a fin de siecle feeling sometimes.