Moody's Blues

A thousand miles can lead so many ways
Just to know who is driving
What a help it would be
--Moody Blues

Today Moody's indicated that it will put the Aaa credit rating of the US under review unless there is progress on increasing the federal debt limit by mid July.

I actually had to re-read the article to make sure that I was grasping this correctly. Unless I am still not getting the gist, Moody's is saying the credit rating of the United States may go down if the country does not borrow more.

Huh?

At least the 'negative outlook' issued by S&P back in April was more correctly centered on rationale that the US needs to reduce debt.

It's tempting to view Moody's statement as politically motivated, as it surely is not grounded in reason.