Moody's says that even AAA-rated US Treasury bonds, considered the safest of investments, could be downgraded if Washington continues on its current path of failing to manage the federal debt.
“Preserving debt affordability at levels consistent with AAA ratings will invariably require fiscal adjustments of a magnitude that, in some cases, will test social cohesion." Moody's Investor Services
Epic new spending and taxes, pricier insurance, rationed care, dishonest accounting: The Pelosi health bill has it all. Speaker Nancy Pelosi has reportedly told fellow Democrats that she's prepared to lose seats in 2010 if that's what it takes to pass ObamaCare, and little wonder. The health bill she unwrapped last Thursday, which President Obama … Continue reading Healthcare Update: ObamaCare is The Worst Bill Ever WSJ