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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (35722)	8/17/2010 5:28:40 PM
From: John	Read Replies (1) \| Respond to of 103300

Or maybe Moody's expects the Feds to force people to buy their debt in their pension and retirement funds giving a boost to the "full faith and credit" BS line. Did you notice last week that a New Mexico congressidiot proposed the "R-Bond", which would funnel a citizen's retirement savings into government debt? Although participation is not "forced", enrollment would be automatic if the bill becomes law! Workers would have to take action in order to opt out! Naturally, that would mean that the dumbest employees would take no action and become automatically enrolled! The great irony is that the dumbest employees would be automatically investing in the bad debts of the dumbest loan recipients! -g- Of course, we all know which segment of society would ultimately be declared "hardest hit" once the ill-fated plan goes bust! -ng-

To: Wayners who wrote (35722)	8/18/2010 7:25:20 AM
From: DuckTapeSunroof	Respond to of 103300

Re: "Moody's, they won't downgrade until after a default." That was then. This is NOW. Since the Global Financial Crash things are way different with the ratings firms. <GGG> Anyway though... I'd tend to agree with what Moody's just said. They basically just said that we still have plenty of room and time to get things in order (cut spending, raise revenues, reduce deficits) and that POLITICALLY, given the obvious mood of the citizenry, it looks like this group of nations is moving to do exactly that: The U.S., Britain, France and Germany are likely to keep top credit ratings as they respond to investors’ pressure to cut budget deficits in the aftermath of the European debt crisis, Moody’s Investors Service said. Moody’s said that the U.S. “possesses very high finance- ability and a significant adjustment capacity to reverse debt dynamics over time.”