The widely trusted independent Moody’s is warning that the continued spending by Congress and the President could lead them to lower the AAA bond rating of the United States Government. Debt management and fiscal deficit reductions are key ingredients to maintaining the AAA rating and the U.S. could see its rating drop as early as 2013 if current trends don’t change. Lowering of the ratings would mean fewer countries would want to loan the U.S. money and the economy could be more severely impacted.
COMMENTS:
When will Washington get the damned message?
TODAY’S QUERIES & ANSWERS:
Q. Every day we hear more bad news. Will it never end? (Christine – Fallon, NV)
A. Not today. CBS is canceling “AS THE WORLD TURNS.”
Q. Do you think they will ever prosecute the couple that crashed the White House Party? (Thad – Brookline, MA)
A. No.
Q. New there’s a new study that says coffee is good for you? (Madeline – Norwalk, CA)
A. Sorry, that’s not good news for you; at least I don’t think so. The study says that men who drink lots of coffee have a lower incidence of prostate cancer.
TODAY’S QUOTE:
“Americans are becoming more and more aware of the fact that Washington is rapidly evolving into a Politburo, and they’re getting more and more ready to get off their couches and do something about it.” ~ Unknown Scribbler
TODAY’S VIDEO:
http://www.youtube.com/watch?v=WWbcsWwg2gQ&videos=a_y7kL8AjAE&playnext_from=TL&playnext=1
THE OBAMA TERRORIST TRIALS - DAY 26:
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