America’s current predicament is that it borrows money from countries or individuals to finance many of its expensive obligations, including financing the $862 billion stimulus bill as well as the wars in Iraq and Afghanistan. But what would happen if America had to pay higher interest rates on all future borrowing? This is the question that some people in the federal government have to ponder, as influential rating agencies such as Standard & Poor’s and Moody’shave both recently voiced their view that America’s AAA rating is not guaranteed or in fact even assured. The massive and growing debt obligation makes some professionals question whether this country’s rating may soon be lowered.
Read the rest here: Is America’s AAA Rating in Trouble? | The Foundry: Conservative Policy News..
FOR MORE ON THIS TOPIC SEE:
Obama Pays More than Buffet as US Risks AAA Rating
Growing Debt Could Cost US it’s AAA Rating
Moody’s Puts US, UK on Chopping Block
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