Moodys: Neither debt plan protects the nations AAA rating


via Moodys: Neither debt plan protects the nations AAA rating – The Hills On The Money.

“The “limited magnitude” of both debt plans put forward by congressional leaders would not put the nations AAA credit rating back on solid footing, Moodys Investors Service announced Friday.

The report also gives credence to a claim popular among Republicans: that the government has enough cash to avoid a default even past the Aug. 2 deadline set by the Treasury Department.”

The bigger issue that’s not even being addressed.

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