My opinion is we don’t even deserve the AA+ rating. Any country that spends more than it takes in then continuously asks for more credit to continue spending more than it takes in should get a BBB rating or less.
Yeah, I wonder what OUR credit scores would be if we did that.
Dave Ramsey personified the U.S. govt. spending and debt as follows:
John and Jane Q. Public earn 57k annually
They spend 75K annually
They have 325K in credit card debt.
This has to stop and won’t be pretty for many years.
...and the rope should start making an appearance. Just how far back in history can the responsibility go? Then we have to factor in the American people, who were part of the problem and not acting like part of the solution. So perhaps before examples are make of those on the frontline, we better figure out a solution double quick, before we are all hanging onto what may be left after the debacle.