From a worldly perspective I believe this will slowly dissolve the USA's image more and more of a world power house nations may look for another world leader, as well as a different currency.
" MOODY'S, FITCH WARN
Moody's Investors Service on Wednesday said it will wait until the 2013
budget process is completed until it decides whether to cut its
sovereign credit rating for the United States.
But the agency's analysts have repeatedly warned that they must see
progress on resolving the country's debt trajectory next year.
"What a budget deal might look like and what mix of revenue raising and
expenditure cutting is used, we're frankly indifferent," said Bart
Oosterveld, managing director at Moody's sovereign risk group.
"What will drive us to act on the rating is the path of the federal debt trajectory in relation to GDP."
Earlier this week, Fitch also said failure to avoid the fiscal cliff and
raise the debt ceiling "would likely result in a rating downgrade in
2013."
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