The need to address our debt

Tuesday, June 7, 2011

On June 2, 2011 Moody's Investors Services, a credit rating agency for government entities, issued a serious warning about the government's credit standing. Moody's cautioned its next rating for the U.S. will "depend on the outcome of the negotiations on deficit reduction. A credible agreement on substantial deficit reduction would support a continued stable outlook; lack of such an agreement could prompt Moody's to change its outlook to negative."

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