Subprime Nation


Since it began to give credit ratings to
nations in 1917, Moody`s has rated the United States
 triple-A. U.S. Treasury bonds have been seen as the
most secure investment on earth. When crises erupt,
nervous money seeks out the world`s great safe harbor,
the United States. That reputation is now in peril.

Last week, Moody`s warned that if the
United States fails to rein in the soaring cost of

Social Security
,

Medicare
and

Medicaid
, the nation`s credit rating will be
down-graded within a decade. [US`s
triple-A credit rating `under threat`
,


Financial Times,
January 11 2008]