ander: thank you, c-span mr. zandi for your input. i have the same concerns that have been voiced by the other callers. any other household person would be concerned if they were cutting their income and at the same time, increase their borrowing. how imminent our credit rating downgrades? credit rating agencies were criticized for being behind the curve on some of the ratings and the problems that came up in the financial crisis so are we already behind the curve for the downgrade? it seems the policy is so reckless, it might be in order for future downgrades. guest: good question. i'm not in the rating agency. i'm in the moody's analytics which is separate so i don't have any direct input into the ratings process. i don't know what the folks of the rating agencies are thinking about as far as ratings on the debt this year or overseas. look -- first, rating agencies have been downgrading other sovereign governments. you can see that in the case of many european economies during the european debt crisis. fiscal pressure across the glo

ander: thank you, c-span mr. zandi for your input.e the same concerns that have been voiced by the other callers. any other household person would be concerned if they were cutting their income and at the same time, increase their borrowing. how imminent our credit rating downgrades? credit rating agencies were criticized for being behind the curve on some of the ratings and the problems that came up in the financial crisis so are we already behind the curve for the downgrade? it seems the policy is so reckless, it might be in order for future downgrades. guest: good question. i'm not in the rating agency. i'm in the moody's analytics which is separate so i don't have any direct input into the ratings process. i don't know what the folks of the rating agencies are thinking about as far as ratings on the debt this year or overseas. look -- first, rating agencies have been downgrading other sovereign governments. you can see that in the case of many european economies during the european debt crisis. fiscal pressure across the globe. cl