Monday, April 18, 2011

A Drop in the Ratings

Just heard the news - Standard and Poors is warning that the bond rating for the USA may drop if Congress doesn't do some really serious budget cutting. Isn't that exactly what I've been saying? Sooner or later the US won't be able to borrow more money (regardless of what the debt ceiling might be).

Lenders won't lend to those who borrow too much!

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