I’ve said it before, and I’ll say it again. Geithner is a tool.
Under the ratings company’s so-called baseline scenario,the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except theU.K., and will be the biggest spender from 2011 to 2013, Moody’s said today in a report.
“We expect the situation to further deteriorate in terms of the key ratings metrics before they start stabilizing,” Cailleteau said. “This story is not going to stop at the end of the year. There is inertia in the deterioration of credit metrics.”
Still going to blame it on Bush? Still think I just haven’t given the current administration a chance?
I wasn’t thrilled with Bush’s spend us into deadbeat status economic policies, so why should I be thrilled with the current drunken sailor on liberty (my apologies to the U.S. Navy) spree?
