Moody’s: Obama and Democrats Are Liars – Debt Ceiling Can’t Cause Default on Loans Unless Obama Causes It
We say: Leave the government shutdown, and DO NOT raise the debt ceiling, giving Obama and the Democrats more license to continue their out-of-control spending, that has added $10 trillion to our nation’s debt since Obama took office.
We need to take away Obama’s blank checks, which he just used to line the pockets of Administration friends and supporters with $ billions of our money.
…One of the nation’s top credit-rating agencies says that the U.S. Treasury Department is likely to continue paying interest on the government’s debt even if Congress fails to lift the limit on borrowing next week, preserving the nation’s sterling AAA credit rating.
In a memo being circulated on Capitol Hill Wednesday, Moody’s Investors Service offers “answers to frequently asked questions” about the government shutdown, now in its second week, and the federal debt limit. President Obama has said that, unless Congress acts to raise the $16.7 trillion limit by next Thursday, the nation will be at risk of default.
Not so, Moody’s says in the memo dated Oct. 7.
” We believe the government would
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