Does a lower credit rating HURT America or HELP America?

Factfinder

@jack

I certainly wouldn't call it good news. But once again your conclusion doesn't match the facts.. These are they according to YOUR source...

"The firm said the downgrade "reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns."

"Successive U.S. administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs," the firm explained. "We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration."

jack

Factfinder said:

@jack

I certainly wouldn't call it good news. But once again your conclusion doesn't match the facts.. These are they according to YOUR source...

"The firm said the downgrade "reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns."

Hello again, Fact:

So, it's still NOT good..  It's just less not good.  Du*de.

excon

Factfinder

jack said:

Factfinder said:

@jack

I certainly wouldn't call it good news. But once again your conclusion doesn't match the facts.. These are they according to YOUR source...

"The firm said the downgrade "reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns."

Hello again, Fact:

So, it's still NOT good..  It's just less not good.  Du*de.

excon

Yes, I can agree with that.