Leading Collection Agency Rapid Recovery Solution On Improvements In National Debt
Bohemia, NY (PRWEB) July 22, 2013 -- On July 22, Rapid Recovery Solution, Inc. is elated to learn of advancements in our nation’s debt troubles.
According to a July 18 article from Mercury News titled “Moody's upgrades outlook for US government debt,” the prominent credit rating agency has deemed the national debt “stable.” The former “negative” assessment weighed heavily on America’s economic recovery. This new development is the latest in a recent string of positive financial trends and could forecast a prosperous future. The piece notes “the U.S. government is on track to report its lowest annual deficit in five years.”
Moody’s and financial authorities have credited an unanticipated drop in the federal deficit for the ratings upgrade. 2013 has produced $509.8 billion in deficit funds, $400 billion less than the first eight months of 2012’s budget year. Furthermore, the Congressional Budget Office projects the deficit to tumble to 3.4 percent of GDP in 2014 and only 2.1 percent in 2015. Forecasts like these are in stark contrast to the 10.1 percent deficit/GDP ratio the U.S. experienced at the height of the economic downturn in 2009.
Commercial debt collection agencies are watching these developments closely. John Monderine, CEO of Rapid Recovery Solution, Inc.,voices his enthusiasm.“The national debt has been at alarming levels for much too long. It’s very encouraging to hear of news such as this.“ He continues with a personal outlook. “We have made substantial inroads in the economic recovery lately, but the goal should still be balancing the books in the long term and ensuring that the nation’s revenue is equal to or greater than its credit obligations.”
Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.
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Sean Nolan, Rapid Recovery Solution, Inc, http://www.rapidrecoverysolution.com, +1 (866) 944-8610, [email protected]
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