Looks to me like Moody's is trying to set US Budget policy.
"If Congress and the White House don't reach a budget deal, about $1.2 trillion in spending cuts and tax increases will automatically kick in starting Jan. 2, a scenario that's been dubbed the "fiscal cliff," because it is likely to send the economy back into recession and drive up unemployment.
WE are taxed enough, time to cut the fat and waste!
Last edited by Franco; 09-11-2012 at 09:54 PM.
"All those things bother me: The populism, the lying and the scapegoating and the xenophobia bother me, but then there’s a layer of incompetence here. I suppose, in a way, we should be thankful: If he had a coherent ideology, he’d probably be more dangerous." P J O'Rourke