Skip to comments.Moody's affirms AAA rating, lowers outlook
Posted on 08/02/2011 4:55:09 PM PDT by silentknight
NEW YORK (CNNMoney) -- Credit rating agency Moody's said Tuesday the United States will keep its sterling AAA credit rating for the time being, but lowered its outlook on U.S. debt to "negative."
(Excerpt) Read more at money.cnn.com ...
Proving once again that we have been had.
lol in a world where up is down and down is up
From the article
The United States enjoys its AAA rating in part for having always stood behind its debt and paid its bills on time. As a result, U.S. Treasury bonds are considered the world’s safe-haven investment.
This is the face of Fascism.
King George III would have been envious.
The purpose of the MSM was to scare Grandma. But just think about that one minute. Grandma is a Boomer and doesn't scare easily. She joins the TEA Party.
You got it and this time around the grannies ARE NOT going to be pushed and sholved around.
In an Oct. 7, 2009, story for McClatchy Newspapers, reporter Steven Thomma took a stab:
The costs of the trips — borne by taxpayers — are difficult to measure, but they’re expensive. When (the president) uses the familiar blue-and-white reconfigured 747 as Air Force One, it costs $100,219 an hour to operate, according to the Air Force. And that’s just HIS plane.
There also are cargo planes, used to fly in armored limousines, helicopters, staff and other equipment, as well as the Secret Service. A single Air Force C-17 cargo jet, for example, costs $6,960 an hour, according to the Congressional Research Service.
A total of 77 other aircraft were used on one multi-country trip to Asia by former President Bill Clinton in 2000, according to the Air Force Times, including 14 C-17 Globemasters, 12 C-5 Galaxys, three C-141 Starlifters and two C-130 Hercules. ABC News at the time estimated the cost of that entire trip at $50 million.
An Air Force Times story on March 27, 2000, said Clinton’s trip to India and Pakistan “may be the most expensive such mission ever carried out by the Air Force.” The reporters said the operation required hundreds of aircraft missions. They tagged the cost of the 5-day trip at $50 million as well. That comes to $10 million per day.
There. Rational discussion is good.
What other country has a AAA rating?
So this a “Not really a downgrade”, downgrade.
All that drama and hyperbole wasted, we still got a downgrade an ZERO assurance we will not be downgraded further!
As the Whithouse is glued to the news to find out what Moody’s wants us to do!
Gee how much ransom did Obama finally pay them?
They were up against the wall. It was that or congressional hearing for stamping CDS mortgages Triple A. I bet they will never be held accountable for the mortgage mess.
These chaps are the masters of understatement.
It's not upside down. Historically, the US taxpayer has always delivered. And then some.
The entire world order takes our integrity for granted.
"Upside down" is when it's all Sharia compliant.
You go girl!
AS soon as the Arabs start taking currency other than dollars for oil we are finished. In my opinion...
Just as we can always count on China having people, the world knows it can rely on the Americans to work and earn the money that is stolen to pay or bribe whom we need.
Sounds like the Matrix to me....only it's real!
Here’s my take on why Moody’s “relaxed” it’s position:
1. Moodys knows full well that had there been no “deal” that servicing the debt (paying our bills) would have still been possible.
2. Moodys knows full well that increasing your debt limit does not “strengthen” your ability to pay on the debt.
3. Moodys knows full well that our media organizations are biased to the communist agenda and the tax&spend mentality of our democrats in Washington.
However, here are a few things that Moodys does NOT know:
1. Moodys does not know if the tea party agenda will be successful.
2. Moodys does not know how the media would have spun the failure to reach a deal, and probably assumed the MSM would continue putting a negative spin on what really needed to be done (stop borrowing - stop spending)
3. Moodys does not know how serious republicans in the house and senate are about changing course.
4. Moodys does not know if Obama would have made good on his threat to stop writing checks, even though they know he would have had the money.
So what the hell is Moodys scared of???
Why did they threaten to downgrade, and then back off their threat?
What does Moodys see as the real threat to this nation’s ability to pay???
Answers: The media and Obama himself.
Moodys knows darn well what Obama is up to... that doesn’t matter to them, because they don’t see him winning re-election. They do however see him as the current occupant of the white house capable of destroying the credibility of the US with only a few simple pen strokes.
Moodys knows what Obama is up to so well that they KNEW he would ratchet up the stakes of a no-deal scenario by shutting down the treasury if he had to in order to force an economic disaster designed to damage the republicans politically for not raising the debt ceiling.
Moodys also knows the end game of a socialist takeover of a capitalist system... and that if the republicans in the house had held firm, it simply would have forced an early trigger of that end game.
The power of the media is severely underestimated by the average individual in this country... but it IS NOT underestimated by investment firms like Moodys and S&P.
Reality doesn’t mean JACK SQUAT when the agenda of a state controlled media outweighs the truth of a matter.
Moodys simply knows who is still running this country...
and it is NOT the republicans... yet.
That Moody’s believes that because we raised the debt ceiling (yeah, giving more credit to a government that is spending itself into insolvency is a sign of a strong credit rating) to avoid a default (of which there was no risk), proves, once again, how completely irrelevant this and other ratings agencies are.
Wasn’t it Moody’s that said Greece was fine?
Moodys has no credibility left.....details at 11....Liz?
The downgrade is only a matter of time. The US debt will then be graded like Belgium’s.
That is seriously a relief. What a mess we would be in had they lowered our rating. Thank you God. Now hopefully we won’t be in this position again.
Moody’s is scared to downgrade the US
The ponzi scheme WILL fall apart if the Tea Party rises to power.
Why? Because they will finally expose it and stop the corruption - thus causing the whole thing to collapse.
Then THEY will be blamed for the collapse.
This will be interesting to watch unfold.
Hey johng2066 —
Too bad you got zotted you ignorant, leftist little troll.
Here’s my reply to your private mail saying we needed to support the bill (I do hope you find this, you stupid tool):
“Silly crap and you should be ashamed of yourself.
Constitutionally, we only need to pay the service on the debt and a few other required payments.
Revenue is app. 172 billion dollars per month. Service on the debt is about 20 billion. Veterans payments and medicare and the other requirements all combined put us just over 100 billion dollars.
The only the government would have been forced to do was prioritize what non-essentials they needed to cut. They NEVER want to do that because it is a blatant admission that those services are not necessities.
Again, shame on you for not doing your homework and buying the leftist lie.”
You’re going to make a good little slave. Punk.
Which means it made no difference.
King George...pshaw...Hitler and Mussolini would be envious.
Yes I do see the commonality, Both Obama and Lincoln saut to enslave an entire nation to the State.
Lincoln did it by denying them their right leave, and refuses endless obedience to a lawless Federal goverment. Obama is simply building upon what Lincoln did by dictating how we prisoners of the Federal goverment are to live in the Federal Prison that is the United States.
Lincoln in many ways was much worse then Obama cause he murdered 300+ thousand people to accomplish his ends, not as bad only in the respect that he did not treat his new Government slaves as poorly as Obama. But of course Lincoln never lived long enough to really get into what he was going to do with his new nation of Government slaves.
I guess we should be thankful Booth shot Lincoln.
You are 95% right. A powerful fedrul or even State gubmint can make a criminal out of any perceived enemy of the State. Happened all the time in the USSR. Still happens today in China or California.
But in fairness, somebody has to explain how S&P and Moodys rated the CDOs full of loans to fry cooks to buy $300k McMansions and condos that the CRA coerced them to make. AIG spraying unholy water to insure it is not the answer.
They have questionable credibility.
I got his e-mail also, before I saw your post calling him out, I sent one back.
He said we needed to pass ‘something” which is hogwash as we know. Also that we couldn’t default...also hogwash.
Glad he got zotted!
Lincoln saved the United States and was one of our greatest Presidents.
Yeah, we all hope for another president who will lay waste to a quarter of the country and set in motion a mass slaughter. The signs of greatness.
By raising the debt limit the U.S. temporarily prevents the government from debt default, but it does not improve the national solvency; rather the heavier debt burden on the government will cause the U.S. sovereign debt crisis to deepen further,
Obama has no default covered until his election time.We gave him more money to give to his unions and fat cats and maybe some more money for Pelosi’s vineyard farm or more Chinese hookers or field mice.
And then TheWon has he utter audacity to say this and insinuate the dem talking point that the wealthy are not taxed enough spreading class warfare.
“Lincoln saved the United States and was one of our greatest Presidents.”
If the united States was in danger by the mere exercise of some of it’s former citizens inalienable right to self-determination, then the “united States” very existence was at war with its very propose for existing.
Is that the case? If it is this Government must be abolished with all deliberate hast.
Lincoln did not save the united States, he transformed its goverment into the antithesis of everything it was founded to be. An instrument of the tyranny of enslavement to the collective.
I hope you enjoy the results.