From a AAA to AA+ rating. What does this mean? It means that the interest rate of borrowing money from other countries will go up, makes it harder for us to pay off the debt we have now (even though it can never paid off), and means that our own treasury will probably continue to buy our own debt and print more money.
Oh by the way, they are also announcing they will probably move forward with QE3 (Quanitive Easing) to help "stimulate" the economy, which I'm sure will do nothing for our economy just like the last 2 that we have had. Also remember this, technically the United States can never default on our debt, if I remember right we are the only country in the world that can "print or create" money from nothing, with that said we can always make money to pay off debt, but this alone is a disaster because it creates hyperinflation, look it up if you want to understand what hyperinflation does to a country, not good at all!! Any thoughts?
Oh by the way, they are also announcing they will probably move forward with QE3 (Quanitive Easing) to help "stimulate" the economy, which I'm sure will do nothing for our economy just like the last 2 that we have had. Also remember this, technically the United States can never default on our debt, if I remember right we are the only country in the world that can "print or create" money from nothing, with that said we can always make money to pay off debt, but this alone is a disaster because it creates hyperinflation, look it up if you want to understand what hyperinflation does to a country, not good at all!! Any thoughts?
