tag:blogger.com,1999:blog-6734311613274388408.post7670239092844413652..comments2024-03-05T03:22:30.514-05:00Comments on NISMO Stuff: How's that Trillion Dollar Stimulus Working For You?spalind (Dan Spalinger)http://www.blogger.com/profile/09888496792150069715noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6734311613274388408.post-17836772019745153512011-08-03T19:40:21.076-04:002011-08-03T19:40:21.076-04:00That's pretty much spot on...Moody's has p...That's pretty much spot on...Moody's has put the US on a negative outlook, which is the first step to a downgrade and the debt "deal" does absolutely NOTHING to improve the situation. It simply raised the debt ceiling, nothing more. Did it balance the budget? No. Did it get the US to begin spending less than it takes in? No. In fact it actually PREVENTS any changes to the three drivers of the debt--medicare, medicaid and SS, laying the proposed cuts to have to come from other areas that do not contribute to the deficit. Its a joke from top to bottom and I would expect a downgrade by both Moody's and S&P to occur in the next year--following a return to a recession in the next six months.spalind (Dan Spalinger)https://www.blogger.com/profile/09888496792150069715noreply@blogger.comtag:blogger.com,1999:blog-6734311613274388408.post-25306265720064806852011-07-30T12:58:24.059-04:002011-07-30T12:58:24.059-04:00I heard the President say that if the debt ceiling...I heard the President say that if the debt ceiling isn't raised, we will probably loose our AAA rating.<br />Well, if the economy sucks and the USA doesn't pay off it's debts it SHOULD lose the AAA credit rating. Real people would. Why the government thinks it should get away with crap that the avg citizen would not is outrageous.murphiousnoreply@blogger.com