Wednesday, April 10, 2013

Fitch, Moody's and S&P...I'm Waiting

Once again the Federal Government has no intention of dealing with its massive deficits. However none of the three big ratings agencies have any balls to downgrade the US like they promised in the Summer of 2011 if no substantial plans were implemented over the next year.  In fact since the debt limit was lifted on Dec 31st, 2012  the US has added over 400 Billion in new debt in just 3 months.

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