Saturday, August 11, 2012

Where are Moody's and S&P?

One year ago the credit rating agencies downgraded the United States ability to pay off its debt.  Furthermore  they stated if the US didn't address the debt problem over the next 12 months additional downgrades would be possible.  Well here we are one year later and the US Government has done nothing to address the debt problems yet there is not one peep out of the ratings agencies.

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