
Last week, Moodys issued a very public warning against the profligate spending of the federal government just a day after the Obama Administration released its ten-year budget plan that will add some $10.634 trillion to the national debt by 2020. According to the warning, "If the current upward trend in government debt were to continue and become irreversible, the [nation's Triple-A debt] rating could come under downward pressure."
When asked about the prospect of the U.S. losing its Triple-A rating, Treasury Secretary Timothy Geithner, speaking on ABC ...
Get the Full Story











