Moody's suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders, Reuters reports.Well, that will take the uncertainty out of everything. We can then be certain that an unrestrained government will spend the country into oblivion.
Someone on the radio last week made a good point. Thanks to recent banking reform legislation Moody's and other rating agencies now find themselves regulated by the government. Could it be that Moody's wants to stay on Obama's good side and that's the real reason they're advocating for fiscal irresponsibility?
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