Well, lookie here.
Moody's, best known for "Subprime is AAA," is belatedly coming to the realization that a country running serial deficits of 10% of GDP is not a AAA credit.
Well, admitting you have a problem is the first step. And today, Moody's is admitting what we've been telling you for some time, that the debt ceiling charade is a farce and the real problem is the debt itself.
Read all about it at The Hill.