Discussion in 'Economics' started by wilburbear, Apr 1, 2009.
U.S. Treasury debt shouldn't even be that high!
That's nothing, Obama is bailing out Gold....
A black man from the Southside of Chicago is the leader of the free world.
HA! HA! April's fools!!!.......huh,,err,,,sorry..nevermind
Didnot expect a lot after Bush though... Texans are not exactly the sharpest
This was the most plausible of the April Fool's threads I've read so far!
By this time next year it will be true, or worse.
it could remain AAA rated for a long time, but with the debt being paid by the Federal Reserve printing money to buy it
While we're on this topic, who rates U.S. gov't debt? I thought Moody's, at least, wouldn't do it.
The problem is - no one has a monopoly on information anymore.
We (the U.S.) can exert pressure to keep our ratings up, but foreign interests can't be pressured.
IF the U.S. is downgraded over the weekend, can politicians say the didn't get enough warning??
This issue is 2 years old, at least.
The primary Chinese debt rating agency downgraded the U.S. more than 12 years ago. The U.S. response? - try to keep the news from being disseminated. They're only human, I guess.
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