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A comment on United States loses AAA credit rating from S&P . Parent comment

Re:United States loses AAA credit rating from S&P by marshray on Friday August 05, 2011 @09:59PM (#2852648)
Which is why the US was founded as a federal republic.
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Re:United States loses AAA credit rating from S&P by philwelch on Friday August 05, 2011 @10:47PM (#2852782)
Specifically, a federal democratic republic. There's no contradiction between "republic" and "democracy". "Republic" refers to sovereignty (the people hold sovereignty rather than a monarch), while "democracy" refers to power (the people hold power rather than a dictator).

Some democracies are not republics--the UK is a constitutional monarchy. Some republics are not democracies--the Roman Republic was an oligarchy and to some extent the early United States was, too.

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