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Political Factoid
In 2011, Moody's notified the
states of Maryland, New Mexico,
South Carolina, Tennessee,
and Virginia
... that their state bond
ratings would be immediately
downgraded, if the Federal
government failed to raise
its debt limit and could not
pay all of its debts.
... interesting, how fast a Republican state
governor can change his or her tune about
the debt limit.
cf.
2537
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