Obama’s Watch: Credit Downgrade –Asian Conservatives
(The Hill) Moody’s Investor Service announced today the the compromise to avoid the fiscal cliff is not enough to protect the nations credit rating from a credit downgrade.
On the 05 August, 2011 I wrote here that Standard & Poors announced that they had downgraded the U.S. credit rating for the first time in its history.
In September, Zero Hedge reported federal spending was 102.4% of GDP
We are becoming Greece.
Related: Obama Wastes No Time Getting Back to his Golf Game
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