Moody’s Expects To Cut US Rating Without Deal To Lower Debt/GDP Ratio

• Budget negotiations likely to determine AAA rating and outlook
• If budget talks do not produce downward trend in debt-to-GDP ratio, rating likely to be lowered to AA1
• Assumes “relatively orderly” process for increasing debt limit

For whoever wins the election, getting the votes from the public will be the easy part. Getting the votes in Congress will be painful.

Bend over here it comes … the consequences of Obama’s out of control spending, is here.

Spending must be cut!!! Put people back to work…Elect Mitt Romney, the government is not listening to the people.

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