Monday, March 22, 2010

Obama Pays More Than Buffett as U.S. Risks AAA Rating

Bloomberg "While Treasuries backed by the full faith and credit of the government typically yield less than corporate debt, the relationship has flipped as Moody’s Investors Service predicts the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K. America will use about 7 percent of taxes for debt payments in 2010 and almost 11 percent in 2013, moving “substantially” closer to losing its AAA rating, Moody’s said last week. " Pay attention to this; great upheavals can lurk in the murkiest of reports.

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