USA had been the gold standard for credit quality for the world. Now that luster is tarnished under piss poor leadership.
Reposted from
MeidasTouch
BREAKING: Moody’s has DOWNGRADED the United States’ credit rating from Aaa to Aa1 — the first-ever U.S. credit downgrade in the agency’s history.
“We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.”
“We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.”
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