I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
According to Moodys USA is close to loose its AAA ...the institution is encouraging USA to reduce debt or increase tax...it is estimated that USA will spend 7% and in 2013 13% of its revenues in debt...according to this institution 10% or more of spending on debt is the clue for a downgrade but it says is not happening in the next 3 years...It also mentions that USA would be the most affected country if a downgrade occurs
According to Moodys USA is close to loose its AAA ...the institution is encouraging USA to reduce debt or increase tax...it is estimated that USA will spend 7% and in 2013 13% of its revenues in debt...according to this institution 10% or more of spending on debt is the clue for a downgrade but it says is not happening in the next 3 years...It also mentions that USA would be the most affected country if a downgrade occurs
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