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Old 05-13-2009, 02:55 PM
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Mary Pat Campbell
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Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
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Interesting p.o.v. from the FT:

http://www.ft.com/cms/s/0/5534bd04-3...nclick_check=1

Quote:
America’s triple A rating is at risk

By David Walker

Published: May 12 2009 20:06 | Last updated: May 12 2009 20:06

Long before the current financial crisis, nearly two years ago, a little-noticed cloud darkened the horizon for the US government. It was ignored. But now that shadow, in the form of a warning from a top credit rating agency that the nation risked losing its triple A rating if it did not start putting its finances in order, is coming back to haunt us.

That warning from Moody’s focused on the exploding healthcare and Social Security costs that threaten to engulf the federal government in debt over coming decades. The facts show we’re in even worse shape now, and there are signs that confidence in America’s ability to control its finances is eroding.
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