Another bump in the road
From the
Associated Press:
Fitch says 'fiscal cliff' may cost US 'AAA' rating
Fitch warned that the U.S. is more likely to lose its top-notch "AAA" rating if lawmakers cannot agree on how to cut the deficit and avoid the broad government spending cuts and tax increases that go into effect next year if no deal is reached.
Lest we forget:
In the first-ever downgrade of U.S. government debt, Standard & Poor's last year cut its rating from "`AAA" to "AA+" after the government failed to come up with a plan to reduce the deficit.
Two downgrades. We are neck deep in the big muddy and the big fool says to push on!
'Big muddy' from
here.
Posted by DaveH at December 19, 2012 10:02 AM