Moody’s To Downgrade US If No Deal To Cut Debt/GDP Ratio
I ask each of you, “what would happen if your debt was double the size of your household income? How does your credit quality affect the prices your family pays for much needed goods?” Our country faces the same challenges. Read the below Moody’s article on US debt and urge your legislators to STOP THE SPENDING!
Moody’s Text: To Downgrade US If No Deal To Cut Debt/GDP Ratio
Budget negotiations during the 2013 Congressional legislative session will likely determine the direction of the US government’s Aaa rating and negative outlook, says Moody’s Investors Service in the report “Update of the Outlook for the US Government Debt Rating.”
If those negotiations lead to specific policies that produce a stabilization and then downward trend in the ratio of federal debt to GDP over the medium term, the rating will likely be affirmed and the outlook returned to stable, says Moody’s.