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obama endangering the U.S. credit

redrobin

Well-known member
Moody’s Warning

While Treasuries backed by the full faith and credit of the government typically yield less than corporate debt, the relationship has flipped as Moody’s Investors Service predicts the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K. America will use about 7 percent of taxes for debt payments in 2010 and almost 11 percent in 2013, moving “substantially” closer to losing its AAA rating, Moody’s said last week.
 

Tam

Well-known member
When you have a Presdent that thinks "only the government" can save you from a recession you can bet the spending is going to become a very large dangerous issue. :(
 

Sandhusker

Well-known member
Geithner says that it "Will never happen". Maybe he didn't hear right and thought the question was about him filing an honest tax return?

These idiots are just bound and determined to take this country over a cliff with their sheer arrogance and stupidity.

WE TOLD YOU SO
 
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