[Leaning Right]

> there’s no way in hell the U.S. government should have been considered a default risk <

True enough. The U.S. government will never default. But what’s the alternative to a default? They will never rein in spending. So the only alternative is to - eventually - crank up the printing presses. Pay back those loans with devalued money.

So yeah, I’d downgrade U.S. credit on that basis alone.

[Alberta's Child]

If that was the basis of the credit rating process then the point would be valid. Since it's not, then there's no reason to give the U.S. anything other than the highest credit rating possible.

Are you suggesting that a U.S. treasury bill is closer to Bitcoin today than it was yesterday in terms of default risk? Hardly.