MOODY'S: "CLIFF DEAL SUCKS"

Moody's Investors Service warned Wednesday that the "fiscal cliff" tax deal was not enough to remove the risk of a downgrade of the U.S. credit rating. 

The company, one of three major credit rating firms, said the deal approved Tuesday night to raise about $620 billion in tax revenue over the next 10 years was "a further step in clarifying the medium-term deficit and debt trajectory of the federal government." 

But the package, which averted income tax increases on most Americans, did not produce "meaningful improvement" in the ratio of the federal government's debt to its economic output.

WHAT OBAMA, REID AND BOEHNER DID IS WHAT THE EU HAS BEEN DOING WITH GREECE FORE THE LAST TWO YEARS - DRAGGING IT OUT WITH A MIX OF HARMFUL MEASURES AND MEANINGLESS LITTLE HALF STEPS.

THIS APPROACH WILL  FAIL ON THIS CONTINENT AND ON THEIRS.