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This Economic Stuff Is Too Nonsensical. I'm Giving Up And Watching TV Now
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Look, it's not surprising that Moody's would warn that it will downgrade U.S. credit if the debt ceiling isn't raised. But why would the rating be higher if the country continues to pile on more debt? It's as if credit ratings companies and banks gave you higher scores and bigger credit lines the more you went into crippling debt and... oh, wait, that's what they did to lead the U.S. into this predicament. (Washington Post)
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