Absurdist and Alarmist? Moody's Over-Corrects?
Forbes is reporting that Thomson Financial is reporting that Moody's is cautioning that in the very long-term, if reforms are not carried out, Social Security and Medicare could threaten the US government "AAA" rating.
The Newshoggers cites data that suggests this is an unfair portrayal of the impact social security will have on the equation, but points out that the health care issues are matters of concern.
Is Moody's over-correcting as a result of the fallout of the sub-prime collapse?
(The announcment is a wonderful example of financial reporting, too. "If this and if that, unless the other and maybe." Classic!)
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