What S&P Did. (user search)
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Author Topic: What S&P Did.  (Read 2624 times)
Swing low, sweet chariot. Comin' for to carry me home.
jmfcst
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Posts: 18,212
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« on: August 08, 2011, 04:33:48 PM »
Quote from: jmfcst on May 22, 2009, 10:22:34 AM
unless the U.S. runs out of ink and paper, I have no idea how U.S. debt, owed in U.S. currency, can be anything other than AAA.
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Swing low, sweet chariot. Comin' for to carry me home.
jmfcst
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Posts: 18,212
United States


« Reply #1 on: August 08, 2011, 05:13:07 PM »
Quote from: sbane on August 08, 2011, 04:42:43 PM
Quote from: jmfcst on August 08, 2011, 04:33:48 PM
Quote from: jmfcst on May 22, 2009, 10:22:34 AM
unless the U.S. runs out of ink and paper, I have no idea how U.S. debt, owed in U.S. currency, can be anything other than AAA.

Which would lead to inflation, which our creditors won't like very much.

doesnt matter in terms of credit rating...all the debt is is a promise to pay in US dollars...it's the dollar's stability that is really in question, but questioning the rating of US debt owed in US dollars is really dumb
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