Moody's says O'bungle is a f#@king liar!

[Alinvegas]

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 continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.

http://www.washingtonpost.com/blogs...?hpid=z2#c1e3ada3-dc00-41d8-92cb-327c5c814d82

 

[Figjam]

http://www.washingtonpost.com/blogs...?hpid=z2#c1e3ada3-dc00-41d8-92cb-327c5c814d82

...sure whatever they say al -

...oh, BTW - did you see this a few lines down?

 

[ITALIA]

http://www.washingtonpost.com/blogs...?hpid=z2#c1e3ada3-dc00-41d8-92cb-327c5c814d82

You're probably one of those that think Government budgets are the same as your family budget. So why don't you pay your mortgage on your house and tell everyone else you owe money to to take a leap into the closest lake. Let us know how that works out for you.

 

[Jen]

http://www.washingtonpost.com/blogs...?hpid=z2#c1e3ada3-dc00-41d8-92cb-327c5c814d82

Of course Obama is a liar. He lies every time he opens his mouth. Surprisingly some people don't seem to know that yet.

 

[Bugsy McGurk]

http://www.washingtonpost.com/blogs...?hpid=z2#c1e3ada3-dc00-41d8-92cb-327c5c814d82

A liar?

Gimme that quote where Obama said he would not find some way to pay interest on the debt if the Kamikaze Kids refuse to lift the debt ceiling.

No such quote? Hmmmm....who REALLY lied?

And our bonds were downgraded the last time when the Republican saboteurs were simply threatening their debt ceiling shenanigans. Anyone who thinks our bonds will not be further downgraded if the Pugs actually do it is insane (and/or a GOP cultist).

 

[Alinvegas]

A liar?

Gimme that quote where Obama said he would not find some way to pay interest on the debt if the Kamikaze Kids refuse to lift the debt ceiling.

No such quote? Hmmmm....who REALLY lied?

And our bonds were downgraded the last time when the Republican saboteurs were simply threatening their debt ceiling shenanigans. Anyone who thinks our bonds will not be further downgraded if the Pugs actually do it is insane (and/or a GOP cultist).

O'bungle says if we don't raise the debt ceiling on the 17th we go into default. That is not true, he knows it's not true, therefore he is a liar.

 

[Bugsy McGurk]

O'bungle says if we don't raise the debt ceiling on the 17th we go into default. That is not true, he knows it's not true, therefore he is a liar.

Hello?

We WILL default if the debt ceiling is not increased. The only choice will be what we default on - bonds or other obligations of the federal government.

Everyone refers to it as a default- even Pugs - as that is what it amounts to. Are all Pugs who used the word "liars" too?

 

[Alinvegas]

Hello?

We WILL default if the debt ceiling is not increased. The only choice will be what we default on - bonds or other obligations of the federal government.

Everyone refers to it as a default- even Pugs - as that is what it amounts to. Are all Pugs who used the word "liars" too?

You're wrong. Of course you are a lefty so that comes naturally to you, being wrong...

 

[Bugsy McGurk]

You're wrong. Of course you are a lefty so that comes naturally to you, being wrong...

Next time show your work.

Perhaps you wish to go with a loaves-and-fishes theory?

;-)