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The stage is being set to loot Social Security... [View All]

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Neecy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-11-08 10:09 AM
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The stage is being set to loot Social Security...
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Think Bush is a lame duck? They know a Democrat will be elected in the fall and they're desperate to finish off raiding the Treasury before he leaves.

NEW YORK, Jan 10 (Reuters) - Moody's Investors Service said on Thursday the United States' "triple-A" government bond rating could come under pressure in the very long-term if the Medicare and Social Security programs are not reformed.

"These two programs are the largest threats to the long-term financial health of the United States and to the government's Aaa rating," Moody's analyst Steven Hess said in the agency's annual report on the United States.

The report is not a rating action.

Hess also said that risks from the U.S. subprime mortgage crisis are not affecting the nation's credit rating.


http://www.reuters.com/article/bondsNews/idUSN1017237120080110

Strange, isn't it, how Moody's isn't asking for the massive spending in the industrial/security complex to be reduced - no, they now want to tap into *our* savings to pay for it.

Don't think Bush won't seize on this phony threat to try to bully the Congress into putting our money into the stock market.
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