“Rating downgrade: Did S&P get it right?”
No, because AA still implies that they expect the debt to someday be repaid. IDIOTS !!!
Alan Greenspan...Answer: "Very much so. This is not an issue of credit rating, the United States can pay any debt it has because we can always print money to do that. So, there is zero probability of default."
don't worry, the bonds will be repaid as they come due. The only question is just how worthless the repayment dollars will be.