Moody's gives thumbs up to Wisconsin credit rating, and warns US of possible downgrade

Moody's warns that the US might default on its interest payments, though I have to confess that there is really no nonpolitical reason for this to happen. I fear that Obama has backed himself into a corner where he has claimed 50 times that failure to raise the debt ceiling will produce a default so he will have to carry through on his promise just to maintain some credibility.

Moody's Investors Service said Thursday there is a very small but rising risk of a short-lived default by the United States if there is no increase in the statutory debt limit in coming weeks. . . .

Meanwhile, there is good news for Wisconsin.

“Or can take a look at austerity measures and… grow your way out of fiscal problems. It is why Moody’s rated Governor Walker’s budget credit positive. . . .



Blogger Martin G. Schalz said...

Go figure... Plenty of fine examples of how to create jobs and economic growth yet they are ignored by the Obama Administration simply because of politics and stupidity!

6/06/2011 1:05 PM  

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