Xyrus

The U.S.'s Aaa Credit Rating Doesn't Add Up

The US, by definition, cannot default on its debt since all the debt is in dollars. The US always has the option to inflate the currency to pay the debt.

If our debt were denominated in Euros, then we would be in trouble. Instead, we can go the way of the Weimar republic.

We will ALWAYS be able to pay our debts. Whether or not we repay it with anything of worth is different matter altogether.

~X~