Moody’s says spending threatens US rating By Francesco Guerrera, Aline van Duyn and Daniel Pimlott in New York Published: January 10 2008 18:36 | Last updated: January 10 2008 18:36
The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody’s, the credit rating agency, said on Thursday.
The warning over the future of the triple-A rating – granted to US government debt since it was first assessed in 1917 – reflects growing concerns over the country’s ability to retain its financial and economic supremacy.
Just round up all the people that rely on those programs and throw gas them in ovens. It would be more humane than the slow death and torture of poverty. :sarcasm:
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