DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - 'No risk' the US will lose its top credit rating, says Treasury's Geithner

**7HlBQS8j** · 08-06-2011, 07:23 PM

To avoid a downgrade, S&P said the United States needed to not only raise the debt ceiling, but also develop a "credible" plan to tackle the nation's long-term debt.

S&P is being dishonest here. By raising the debt ceiling to another astronomical level, the US government has jeopardized its bond rating which means less foreign investment and a greater likelihood that another round of "quantitative easing" ie...monetizing the debt with QE3, will result.
A lower bond rating means possibly higher interest rates on the outstanding debt and less for domestic spending.
We are entering the dark territory of debt virus.

Someone is springing a trap.

08-06-2011, 07:23 PM	#29
7HlBQS8j Join Date Oct 2005 Posts 448 Senior Member	To avoid a downgrade, S&P said the United States needed to not only raise the debt ceiling, but also develop a "credible" plan to tackle the nation's long-term debt. S&P is being dishonest here. By raising the debt ceiling to another astronomical level, the US government has jeopardized its bond rating which means less foreign investment and a greater likelihood that another round of "quantitative easing" ie...monetizing the debt with QE3, will result. A lower bond rating means possibly higher interest rates on the outstanding debt and less for domestic spending. We are entering the dark territory of debt virus. Someone is springing a trap.
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