Moodys & US Sovereign Debt

oh my - from Alpaville

Note how Moodys say its all that reckless spending on healthcare that is threatening the USAs credit rating. Nothing whatsover to do with spending $1billion/week on the Iraq war.

If you believe what Moodys tell you, then, can I interest you in some nice bonds Im selling?

And if you can’t trust credit rating agencies… oh