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.
I believe we are seeing a major turning point in history. Keynesianism has failed, foreign intervention has failed, war has produced poverty and misery worldwide. The current model does not work, and our Empire does not work. This total failure has to change, and we need to present the alternative. Peace and prosperity. Ron Paul