Free Republic
Browse · Search
News/Activism
Topics · Post Article

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.


TOPICS: News/Current Events
KEYWORDS: bernanke; creditlimit; creditrating; debtceiling; debtlimit; default; moodys
There we have it. obama will throw millions of elderly and disabled into the streets in order to get his way.
1 posted on 07/13/2011 7:48:50 PM PDT by chessplayer
[ Post Reply | Private Reply | View Replies]

To: chessplayer

Part of the plan.


2 posted on 07/13/2011 7:55:19 PM PDT by mojo114 (Pray for our military)
[ Post Reply | Private Reply | To 1 | View Replies]

To: chessplayer

“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!!!


3 posted on 07/13/2011 7:58:44 PM PDT by Frank_2001
[ Post Reply | Private Reply | To 1 | View Replies]

To: chessplayer

Bernanke, Geithner, and the AnnointedIdiot all deserve a real Moody’s 2x4 upside their collective heads....=.=


4 posted on 07/13/2011 7:59:34 PM PDT by cranked
[ Post Reply | Private Reply | To 1 | View Replies]

To: chessplayer

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.


5 posted on 07/13/2011 8:03:28 PM PDT by FlingWingFlyer (Hey Barry! Compromise this!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mojo114

“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.


6 posted on 07/13/2011 8:10:19 PM PDT by chessplayer
[ Post Reply | Private Reply | To 2 | View Replies]

To: FlingWingFlyer

Isn’t this the same Moody’s which believed that bundled sub-prime mortages were a great investment?


7 posted on 07/13/2011 8:12:27 PM PDT by Army Air Corps (Four fried chickens and a coke)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Army Air Corps

THAT’s WHAT I was wondering....like we should CARE what Moody’s thinks....it’s a little late, if you ask me.


8 posted on 07/13/2011 8:14:19 PM PDT by goodnesswins
[ Post Reply | Private Reply | To 7 | View Replies]

To: chessplayer

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...


9 posted on 07/13/2011 8:18:15 PM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: chessplayer

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.


10 posted on 07/13/2011 8:29:50 PM PDT by mike-zed
[ Post Reply | Private Reply | To 1 | View Replies]

To: chessplayer

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)


11 posted on 07/13/2011 8:40:03 PM PDT by Rembrandt (.. AND the donkey you rode in on.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: chessplayer

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.


12 posted on 07/13/2011 8:44:46 PM PDT by Mind-numbed Robot (I retain the right to be inconsistent, contradictory and even flat-out wrong!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Army Air Corps

This is political. Refusing to up the credit card limit makes the US more credit worthy.


13 posted on 07/13/2011 9:03:08 PM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
[ Post Reply | Private Reply | To 7 | View Replies]

To: Mind-numbed Robot

I hope you understand you are recommending suicide.


14 posted on 07/13/2011 9:13:39 PM PDT by newzjunkey
[ Post Reply | Private Reply | To 12 | View Replies]

To: chessplayer
Ben you ole Commie you are full to the brim with RatChit now do some basic math and even a arithmetic challenged person like you could see there was no problem!
15 posted on 07/13/2011 9:15:10 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: chessplayer

I do not believe in coincidences.

This Moody revelation has been orchestrated. It plays right into Obamas obvious plan.

—apply pressure from all sides.

—distract.

—run out the clock.

—create a crisis, real or imagined.

—blame the republicans and claim success.


16 posted on 07/13/2011 9:15:40 PM PDT by Gator113 (Palin 2012, period.....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Army Air Corps

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).


17 posted on 07/13/2011 10:01:52 PM PDT by FlingWingFlyer (Hey Barry! Compromise this!!!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: newzjunkey

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.


18 posted on 07/13/2011 10:05:20 PM PDT by NYCslicker
[ Post Reply | Private Reply | To 14 | View Replies]

To: NYCslicker; All

The Debt limit will be raised so don’t even worry about that.

Just make sure taxes are not raised.


19 posted on 07/13/2011 10:42:43 PM PDT by arrogantsob (Why do They hate her so much?)
[ Post Reply | Private Reply | To 18 | View Replies]

To: arrogantsob

Don’t count your chickens before they’re hatched.


20 posted on 07/14/2011 4:31:14 AM PDT by NYCslicker
[ Post Reply | Private Reply | To 19 | View Replies]

To: NYCslicker

What “chickens” are mine?


21 posted on 07/14/2011 8:01:44 AM PDT by arrogantsob (Why do They hate her so much?)
[ Post Reply | Private Reply | To 20 | View Replies]

To: arrogantsob

?


22 posted on 07/14/2011 9:44:57 AM PDT by NYCslicker
[ Post Reply | Private Reply | To 21 | View Replies]

To: newzjunkey
I hope you understand you are recommending suicide.

For whom?

23 posted on 07/14/2011 10:58:25 AM PDT by Mind-numbed Robot (I retain the right to be inconsistent, contradictory and even flat-out wrong!)
[ Post Reply | Private Reply | To 14 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson