Moody’s Gives US Till July To Address Deficit Reduction


Well, the Ruling Class was warned back in January, now they’re getting what may be their last warning:

In a statement, Moody’s said it would put the Aaa U.S. rating on review for a possible downgrade if lawmakers in Washington do not make substantive progress in budget talks by the middle of July.

“Since the risk of continuing stalemate has grown, if progress in negotiations is not evident by the middle of July, such a rating action is likely,” Moody’s said.

Obviously, Moody’s is not impressed by MediScare tactics, nor by the AWOL President and Democratic-led Senate, neither of which has offered a single reasonable proposal for closing the budget gap.

In short, Obamanomics isn’t working, unless Obama’s true goal is to absolutely bankrupt the nation.

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About Conservative Wanderer

Conservative Wanderer is currently Editor-in-Chief of That's Freedom You Hear! That means anything that goes wrong can be blamed on him. Previously he was a contributor to the PJ Tatler.
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