The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: bentway who wrote (240888)	3/15/2010 8:36:13 AM
From: Giordano Bruno	Read Replies (1) of 306849

Social Security to start cashing Uncle Sam's IOUs Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn't be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits for years to come. news.yahoo.com Sunday, March 14, 2010 8:48:16 PM (US) Moody's is expected to say that unless the US gets its public finances into better shape than the Obama Administration projects there would be downward pressure on its "AAA" credit rating - FT

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