OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Some Of My Experiences
Moody's threatens to downgrade US  EmptyYesterday at 9:46 pm by PurpleSkyz

» Evidence That US Government Targeted Red States With Deadly Batches of Vaccine plus "How Bad is my Batch" link
Moody's threatens to downgrade US  EmptyYesterday at 7:51 pm by PurpleSkyz

» MEATLOAF DIES - IS HE ANOTHER VICTIM?
Moody's threatens to downgrade US  EmptyYesterday at 7:10 pm by NanneeRose

» Ghislaine Maxwell, to Walk? Motion for Retrial Officially Filed AfterShock Juror Admission
Moody's threatens to downgrade US  EmptyYesterday at 2:49 pm by PurpleSkyz

» Pfizer to Roll Out Omicron Shot in March
Moody's threatens to downgrade US  EmptyYesterday at 11:10 am by PurpleSkyz

»  Denial of Natural Immunity ‘Unprecedented in Modern History’
Moody's threatens to downgrade US  EmptyYesterday at 11:04 am by PurpleSkyz

» 5G Apocalypse: The Extinction Event – Film by Sacha Stone
Moody's threatens to downgrade US  EmptyYesterday at 10:28 am by PurpleSkyz

» The Globalization of Human Rights Violations: “The Right to Live a Dignified and Decent Living”
Moody's threatens to downgrade US  EmptyYesterday at 2:33 am by PurpleSkyz

» INTERNATIONAL COURT LOOKS INTO COVID19 CRIMES AGAINST HUMANITY - GENOCIDE REVEALED
Moody's threatens to downgrade US  EmptyYesterday at 2:27 am by PurpleSkyz

» Truckers for Freedom Organize Huge Protest Against Vaccine Mandates & Supply Chain Shortages to Come
Moody's threatens to downgrade US  EmptyYesterday at 2:23 am by PurpleSkyz

» British Medical Journal: ‘Pharma Must Release of All Vaccine and Treatment Data Immediately’
Moody's threatens to downgrade US  EmptyYesterday at 2:00 am by PurpleSkyz

» Supply chain nightmare approaching as Canadian cross-border vaccine mandate goes into effect for U.S. truckers
Moody's threatens to downgrade US  EmptyYesterday at 1:53 am by PurpleSkyz

» Adrienne Pan: 43-year-old CBC Edmonton radio host disappears from social media for months, dead after post-Moderna “serious illness”
Moody's threatens to downgrade US  EmptyYesterday at 1:50 am by PurpleSkyz

» Czech Prime Minister Ends Vaccine Mandates: ‘We Do Not Want to Deepen the Rifts in Society’
Moody's threatens to downgrade US  EmptyThu Jan 20, 2022 2:49 pm by PurpleSkyz

» Former White House Physician Demands Biden Take Cognitive Test After Weird Presser Breakdown
Moody's threatens to downgrade US  EmptyThu Jan 20, 2022 1:26 pm by PurpleSkyz

» Ghislaine Maxwell files for a RETRIAL
Moody's threatens to downgrade US  EmptyThu Jan 20, 2022 1:21 pm by PurpleSkyz

» Curiosity rover finds possible evidence of life on Mars
Moody's threatens to downgrade US  EmptyThu Jan 20, 2022 1:13 pm by PurpleSkyz

»  US Airlines: ‘Dangerous 5G Rollout Will Grind Commerce to a Halt’
Moody's threatens to downgrade US  EmptyThu Jan 20, 2022 12:26 pm by PurpleSkyz

» Parents Outraged Over Photo of Teacher Taping Mask to Child’s Face
Moody's threatens to downgrade US  EmptyThu Jan 20, 2022 12:20 pm by PurpleSkyz

» Pandemic Narrative Undergoes Radical U-Turn
Moody's threatens to downgrade US  EmptyThu Jan 20, 2022 12:12 pm by PurpleSkyz

» NHS Doctor Tells Patient NOT to Take Covid Vaccine Because They Will Be PULLED Soon
Moody's threatens to downgrade US  EmptyThu Jan 20, 2022 11:57 am by PurpleSkyz

» Maine Doctor Loses License, Ordered to Undergo Psych Evaluation for Treating Covid Patients with Ivermectin, ‘Spreading Covid Misinformation’
Moody's threatens to downgrade US  EmptyThu Jan 20, 2022 11:48 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Moody's threatens to downgrade US

Moody's threatens to downgrade US

Go down  Message [Page 1 of 1]

1Moody's threatens to downgrade US  Empty Moody's threatens to downgrade US Tue Sep 11, 2012 8:42 pm

PurpleSkyz

PurpleSkyz
Admin


Moody's threatens to downgrade US





















Moody's threatens to downgrade US  Website-moodys.n





Moody's website (AFP Photo / Joel Saget)







As the budget deficit tops $1 trillion for the fourth time, the US
might lose its top triple-A debt rating unless it finds a way to
decrease the debt, according to Moody’s Investors Service.


If next year’s budget negotiations fail to produce policies that
would reduce the deficit, Moody’s would likely lower the rating to Aa1,
which is one step below the current Aaa rating. If resulting policies
would stabilize or decrease the debt, then Moody expects to keep the
current rating as it is.
The Congressional Budget Office (CBO) on
Monday said that the government ran a $192 billion deficit in the worst
August on record, which brings the federal government to a $1.17
trillion deficit for the fiscal year 2012.


While the deficit is
slightly lower than last year’s, the CBO predicts that the government
will face another trillion-dollar shortfall next year.

Last year,
rival rating agency Standard & Poor’s downgraded the US from its top
rating after lawmakers failed to agree on a deficit reduction plan.
While on the verge of a government shutdown due to passionate
disagreements between Democrats and Republicans, both the US dollar
value and the debt rating went down while the Euro was on its four-month
high.

If debt negotiations bring a fiscal cliff upon the US, then
Moody’s would likely downgrade the rating – but otherwise it would
remain the same. With lawmakers campaigning for their positions as the
November election approaches, Congress is expected to do little until
votes are cast. That leaves Congress with less than two months to
prevent a fiscal cliff that could be triggered by tax increases and
automatic spending cuts. If Congress allows the Bush-era tax cuts to
expire and allow automatic spending cuts to go through, financial
catastrophe is foreseeable.

“Moody’s views the maintenance of the Aaa with a negative outlook into 2014 as unlikely,” the agency writes in a press release. “The
only scenario that would likely lead to its temporary maintenance would
be if the method adopted to achieve debt stabilization involved a
large, immediate fiscal shock – such as would occur if the so-called
“fiscal cliff” actually materialize – which could lead to instability.
Moody’s would then need evidence that the economy could rebound from the
shock before it would consider returning to a stable outlook.”


The
CBO predicts that a downgraded rating would shrink US gross domestic
product by 2.9 percent in the first half of next year, which would lead
to a “significant recession” and a loss of two million jobs.

With
so much depending on the negotiations of Congress, lawmakers are
burdened with a heavy decision that could affect the US economy for
years down the road.

http://rt.com/usa/news/us-rating-debt-deficit-898/




Print PDF

Posted by


enerchi




at
9/11/2012 07:55:00 PM

Thanks to: http://www.ascensionwithearth.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum