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Saturday, July 16, 2011

postheadericon Wall Street weighs in on debt talks

Well folks, if you didn’t think it was crunch time for lawmakers in Washington, it’s clear now. Talk is cheap. That’s not me saying it. That’s one of the big three credit agencies, Moody’s Investor Service, which threatened yesterday after the markets closed that the U.S. risked losing its top-notch credit rating if it couldn’t fix the debt mess.

Some Democrats would see that announcement as proof positive that Republicans are playing with fire here and they should abandon their childish antics to force President Obama to make deep spending cuts.

What nonsense.

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