Friday, January 11, 2008

Looking Ahead -- Dispiriting

From The Financial Times:

US's triple-A credit rating 'under threat'

The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody's, the credit rating agency, said yesterday.

The warning over the future of the triple-A rating - granted to US government debt since it was first assessed in 1917 - reflects growing concerns over the country's ability to retain its financial and economic supremacy.

More here.

The most dispiriting fact?  We'll have to rely on one of the people running for president now, along with future Congresses, to head off a downgrade.

God help us.

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