Re:United States loses AAA credit rating from S&P
by yaroslavvb on Saturday August 06, 2011 @01:01AM
(#2853085)
Just because the government has the printing press doesn't mean it won't default. When China downgraded US ratings last week they said it's because "neither the Democratic Party nor Republican Party has shown any consideration for the general interest in order to argue for their own partisan interest; they had a hard time making the correct choice in a timely manner"
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Re:United States loses AAA credit rating from S&P
by bokonist on Saturday August 06, 2011 @10:05AM
(#2853854)
Right, the only risk of default is political risk. But the S&P's rating is still absurd. The peak of political risk was one week ago. Now the risk of a politically-caused default is much lower than it was one week or one month ago. So they should have cut the rating a few months ago, and raised it after the debt ceiling deal was passed.