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The PJ Tatler

by
Bryan Preston

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June 2, 2011 - 12:20 pm

Note how Moody’s presents their statement:

“If the debt limit is raised and default avoided, the Aaa rating will be maintained,” says the press release. “However, the rating outlook will depend on the outcome of 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 on the Aaa rating.”

They’re not saying that raising the debt ceiling will take care of our credit rating. Moody’s is saying, clearly, that deficit reduction is the key to “a continued stable outlook.” And which party has shown any seriousness at all about tackling deficit reduction?

This may be the strongest signal yet that the financial markets are finding Obamanomics to be literally unbearable.

Bryan Preston has been a leading conservative blogger and opinionator since founding his first blog in 2001. Bryan is a military veteran, worked for NASA, was a founding blogger and producer at Hot Air, was producer of the Laura Ingraham Show and, most recently before joining PJM, was Communications Director of the Republican Party of Texas.
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