And so it begins..............
“Growth alone will not resolve an increasingly complicated debt equation,” Moody’s said. “Preserving debt affordability” — the ratio of interest payments to government revenues — “at levels consistent with Aaa ratings will invariably require fiscal adjustments of a magnitude that, in some cases, will test social cohesion.”
Credit Agency Warns U.S. and Others of Risk to Top Rating
http://www.nytimes.com/2010/03/16/bu...rating.html?hp




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