Skip to comments.Moody's adds pressure to stalled debt talks
Posted on 07/13/2011 7:48:47 PM PDT by chessplayer
WASHINGTON (Reuters) - Moody's Investors Service jolted White House debt talks on Wednesday with a warning that the United States may lose its top credit rating in the coming weeks, piling pressure on Washington to lift its debt ceiling.
Underscoring the effect a potential default would have on financial markets, Federal Reserve Chairman Ben Bernanke said if Washington failed to raise the U.S. borrowing limit in time, the United States would pay creditors first and stop benefits such as payments under the Social Security retirement program.
Part of the plan.
“millions of elderly and disabled”
I say after getting a big chunk of their pay stolen from them for 30-50 years, THEY are creditors TOO!!!
Bernanke, Geithner, and the AnnointedIdiot all deserve a real Moody’s 2x4 upside their collective heads....=.=
Probably just a coincidence with their timing or maybe Barry Soetoro and his commie thugs are in cahoots with the Moody’s buffoons and set this up to apply pressure to the GOPers. This might be a fun time to pull Moody’s bluff. If they downgrade the U.S.’s rating, the whole damn global economy will go in the toilet and they know it. Might be fun to let them downgrade the U.S. and then watch these buffoons sweat.
“Part of the plan.”
Most of the elderly and disabled are crackers so it would`nt bother obama in the least to see them trying to live in cardboard boxes. And the black elderly and disabled? He would just write them off as collateral damage.
Isn’t this the same Moody’s which believed that bundled sub-prime mortages were a great investment?
THAT’s WHAT I was wondering....like we should CARE what Moody’s thinks....it’s a little late, if you ask me.
So, my bro had bad credit and it just cost him in higher interest rates to borrow money, on second thought, he still took the 33% interest on a $8000 car, it lacks deterrent for some...
Moody’s chief economist is Mark Zandi, a dyed in the wool big government Keynesian statist.
Moody’s is just signing from the Dem hymnbook.
ObaMao reminds me of a playground bully.
Hey, it’s my ball. If I can’t win, I’m taking my ball and going home! (sniffs and hides his tears)
No he won’t. This is all part of the pressure applied to Republicans in the House. Hang in there Republicans!
If Obama cuts off funds to the old folks and the military all that needs be pointed out is the multitude of waste he continues to fund instead.
This is political. Refusing to up the credit card limit makes the US more credit worthy.
I hope you understand you are recommending suicide.
I do not believe in coincidences.
This Moody revelation has been orchestrated. It plays right into Obamas obvious plan.
—apply pressure from all sides.
—run out the clock.
—create a crisis, real or imagined.
—blame the republicans and claim success.
I’m not a Wikipedia type but I checked what they had to say about Moody’s. It appears Moody’s really isn’t the big deal they think they are. I still believe this announcement today was coordinated with the Obama regime to put pressure on our side. (The Americans).
It’s suicide if you think that cutting government spending is suicide.
Republicans have the leverage. The way they give it away is by being fearful of not raising the debt limit.
The Debt limit will be raised so don’t even worry about that.
Just make sure taxes are not raised.
Don’t count your chickens before they’re hatched.