Bad Mood

Who would've thought, just a few years ago, that the credit rating of the U.S. Government would be rated poor by Standard & Poor and Moody's? These two, who go around the world telling governments what to do, if they want a favorable rating for their capacity to repay loans and make good on their bonds, have now told the American government that, given its $14 trillion deficit, it's not a good credit risk. They have served notice that, unless spending is drastically cut and the deficit dramatically reduced, they won't continue to vouch for the U.S financially.

So there you have it. The U.S standard is poor and the mood is somber.

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