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