Moody's Upgrades Outlook on US Debt

Moves it from 'negative' to 'stable' over deficit drop

Moody's Investors Service upgraded the outlook for U.S. government debt to 'Stable' from "Negative" and affirmed the United States' blue-chip Aaa rating.

The rating agency cited a surprising drop in the federal deficit — the difference between what the government collects in taxes and what it spends. The U.S. government is on track to report its lowest annual deficit in five years.

Comments

[Jesus H. Christ]

So a tiny little bump in the increase in spending, due in large part I assume to fracking and the sequester, and all of a sudden the gubm't is on solid footing? I don't think so.

[Adem T]

Exactly

[Adem T]

Well of course we borrowed less this year. Our government is literally printing the money now, less to borrow when you can just print it and spend upfront. Morons.