• Twitter
  • Facebook
News-Sentinel.com Your Town. Your Voice.

Reply to comment

Sky's the limit

This is just telling members of Congress what they want to hear:

Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.

The United States is one of the few countries where Congress sets a ceiling on government debt, which creates "periodic uncertainty" over the government's ability to meet its obligations, Moody's said in a report.

They might as well elimitate it -- a "ceiling" that moves every time it's reached isn't much of a ceiling. Anybody still believe all that "Stop me before I spend again!" babble in Washington these days?

Reply

The content of this field is kept private and will not be shown publicly.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.
Quantcast