Friday, June 10, 2011


If you have been following my blogs, you know that I am concerned about the federal government’s debt load. Now reports, "If policymakers cannot make progress on a deal to raise the debt limit in the next few weeks, the nation's credit rating could be endangered", Moody's Investors Service said Thursday. According to The Hill newspaper, "The credit rating agency said in a statement that it was surprised by the level of political gamesmanship surrounding the debt-limit debate," and that "a long-term deficit-reduction deal must be reached as part of a deal to raise the $14.3 trillion limit if the nation wants to protect its perfect AAA rating."

You don’t have to be a CPA to know that you cannot continue to spend more than you make.