Today, it has been reported by the Financial Times, that Moody’s, the credit rating agency, is saying that there is possibility of the United States losing it’s triple-A credit rating because of spiraling costs of social security and healthcare. In other words, welfare.

The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody’s, the credit rating agency, said yesterday.

The warning over the future of the triple-A rating - granted to US government debt since it was first assessed in 1917 - reflects growing concerns over the country’s ability to retain its financial and economic supremacy.

The reason why this is significant is because the 3 leading Democratic candidates are all calling some sort of universal healthcare and more benifits to people. This would be the opposite of what needs to happen, which would be controlling spending rather than increasing it. So, now, Hillary, Obama and Edward plans’ are actually putting our country’s economic future at risk because of their insane socialist plans.

In its annual report on the US, Moody’s signalled increased concern that rapid rises in Medicare and Medicaid - the government-funded healthcare programmes for the old and the poor - would “cause major fiscal pressures” in years to come.

Unlike Moody’s previous assessment of US government debt in 2005, yesterday’s report specifically links rises in healthcare and social security spending to the credit rating.

“The combination of the medical programmes and social security is the most important threat to the triple-A rating over the long term,” it said.

Steven Hess, Moody’s lead analyst for the US, told the Financial Times that in order to protect the country’s top rating, future administrations would have to rein in healthcare and social security costs.

“If no policy changes are made, in 10 years from now we would have to look very seriously at whether the US is still a triple-A credit,” he said.

And that my friends is exactly why we need a President who will decrease spending and get control of healthcare and social security, rather than a President who wants to start writing blank checks to anyone and everyone.