Reducing deficit key to U.S. rating: Moody's

[TheWebHead]

Source: Reuters

HONG KONG (Reuters) - The United States, which posted a record deficit in the last fiscal year, may lose its Aaa-rating if it does not reduce the gap to manageable levels in the next 3-4 years, Moody's Investors Service said on Thursday.

The U.S. government posted a deficit of $1.417 trillion in the year ended September 30 as the deep recession and a series of bank rescues cut a gaping hole in its public finances. The White House has forecast deficits of more than $1 trillion through fiscal 2011.

"The Aaa rating of the U.S. is not guaranteed," said Steven Hess, Moody's lead analyst for the United States said in an interview with Reuters Television.

Read more: http://www.reuters.com/article/newsOne/idUSTRE59L1N620091022

[fasttense]

1. Well, isn't that convenient.

All the gamblers on Wall Street would have lost their shirts except for their intensive lobbying, and getting, no strings attached bailouts. Now that we have used our tax dollars to stabilize the markets throughout the world, and we focus on domestic issues, Moody decides it's going to threaten our triple A rating. Would Moody even be in business if our tax dollars had NOT been spent to bailout all these firms? I seriously doubt it.

And where was Moody when all these banks/Wall Street/Insurance firms were setting themselves up with more risk than they could handel? Where was Moody when billionaires were getting the bushes tax cuts? Funny how Moody continued to dole out triple A ratings for firms on the tip of bankruptcy and had no problem with the debt load the bushes and Raygun put on this country.

Sounds like Moody has a good scam going.

[NC_Nurse]

2. Moody's can stick it. They ruined their rep selling out before the bailout. NOW

we're supposed to listen to them? Puhleeze...

[No Elephants]

3. Duhhhhh! I wonder how Moody's rated credit default swaps and other funny money derivatives, though.

[keopeli]

4. New Rating Agency Key to U.S. Rating: the Rest of the World n/t

[BumRushDaShow]

5. The same Moody's

that rated junk and worthless derivatives & swaps as AAA, helping to collapse the world economy.

[frog92969]

6. How are they always able to talk deficit and not once mention the Pentagon and M.E.?

And fuck Moody's.

[DLnyc]

7. Not being crooks key to Moody's rating: Me