Congress has approved another emergency bailout. Another bailout, another $26,100,000,000. Just another in a long line of massive Obama bailouts we’ve been forced to accept as an emergency. Nancy Pelosi and House Democrats spent $26,100,000,000 of taxpayer money with such haste this week that they didn't even have the courtesy to come up with a … Continue reading Obama Passes Another Emergency Spending Measure: Poof Goes Another $26 Billion of Taxpayer Money
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