Saturday, August 6, 2011

US Loses Triple-A Rating

Indeed S&P lowered Uncle Sam's credits to AA+ citing reduced predictability of US policy-making and debt-levels dynamics that don't look too good. A lower-rating means higher interest rates must be paid for investors to purchase American debt. It also means a higher likelihood of default.

I wonder what are the recommendations of the toxic bean-counting duet for the United States: a flat-tax plus focus on the doing business rankings?

1 comment:

akagugo said...

Japan's turn to get the same treatment...