Krauthammer On The Mounting National Debt

Posted: Dec 14, 2009 2:07 PM
More excellent commentary: an index of how serious the debt issue is, economist Irwin Stelzer points out that Moody's has been issuing ratings since 1917. The United States has had a Triple A since 1917 — [through] world wars, depressions – unchanged, uninterrupted. In eleven months, Obama has driven Moody's to the point where it has issued a warning that it might have to reduce it to Double A, which is what you get for banana republics or places like Greece.
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