The Future: Thin Money, Fat Americans

US’s triple-A credit rating ‘under threat’

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.

It could also put further pressure on candidates from both the Republican and Democratic parties to sharpen their focus on healthcare and pensions in the run-up to November’s presidential election.

“…radical action to curb soaring healthcare […] spending.”

Right. Good luck with that:

Obesity now a ‘lifestyle’ choice for Americans, expert says

WASHINGTON (AFP) – As adult obesity balloons in the United States, being overweight has become less of a health hazard and more of a lifestyle choice, the author of a new book argues.

“Obesity is a natural extension of an advancing economy. As you become a First World economy and you get all these labor-saving devices and low-cost, easily accessible foods, people are going to eat more and exercise less,” health economist Eric Finkelstein told AFP.

In “The Fattening of America”, published this month, Finkelstein says that adult obesity more than doubled in the United States between 1960 and 2004, rising from 13 percent to around 33 percent.

Explore posts in the same categories: C.O.A.T. - Health, C.O.A.T. - Money, C.O.A.T. - Politics, Politics

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