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denial denial denial all they want we the people know the truth, sadly we are to blame for we elected them, and we the people can give them the boot, but then will we count?
Is the U.S. Credit Rating a Victim of GOP Sabotage?
By Daniel Gross | Contrary Indicator – 2 hours 16 minutes ago
S&P, which covered itself in a substance other than glory during the mortgage crisis, may have a poor record and strange methodology when it comes to sovereign ratings. France, which has a far higher debt per capita ratio than the U.S., still enjoys a AAA rating. And a downgrade, alone, doesn't mean U.S. interest rates will spike -- on Monday or at any time in the future. Japan's credit rating was downgraded several years ago, when the interest rates its government paid on bonds was already extremely low, and they've generally trended lower in the years since.