The crackheads at MSNBC, quoting the crackheads at Moody's:
Moody's assigned a negative outlook for U.S. sovereign debt, meaning it could still downgrade the securities, although probably not anytime soon. Moody's said there would be a risk of downgrade if there is "a weakening in fiscal discipline, a deterioration in the economic outlook or if Congress fails to adopt more deficit-reduction measures in 2013.
I suppose nearly 15 trillion dollars in debt counts as strong fiscal discipline?
You know, watching Mordor-on-the-Potomac implode would be amusing if it weren't for the "collateral damage" we all get to experience.
