All Commentary
Wednesday, March 17, 2010

Moody’s Warns U.S. on Credit Rating


“The US needs to make significant government spending cuts or else risk losing its gold-plated credit rating that has made extensive borrowing so affordable, Moody’s Investor Service said late Monday. The announcement was a sobering warning that the country’s burgeoning debt has weakened the country’s economic standing, and that US Treasury Bonds, traditionally a bullet-proof investment, could lose their sterling Aaa-rating if Washington cannot control its federal debt.” (Christian Science Monitor, Tuesday)

Is it the end of the line?

FEE Timely Classic
“A Closer Look at the Debt and Deficit” by Robert Higgs