This topic is about information related to the U.S. deficit and the National Debt. This is an area that NetAdvisor.org has covered in great depth due to the long term risks to the U.S. economy. Every tax payer and U.S. resident should be aware of the risks and implications of the U.S. deficit and National Debt.
Deficit
Moody’s Warns of U.S. Debt Downgrade – For the 5th Time
Standard and Poor’s (S&P) downgraded U.S. credit rating last years due to the lack of government efforts to control spending which has led to unsustainable deficits. Moody’s Investor Service issued a warning today that it may downgrade the U.S. credit rating for the same reasons S&P downgraded the debt last year. U.S. taxpayers should be concerned about how the government is spending money creating record deficits, all with no budget for the last 3 years. What You Won’t Read in Today’s Moody’s debt downgrade Warning…(Read More)… [2014, Jan. update]