US Credit Rating Downgraded To AA+

[saden1]

Originally Posted by Schneed10

Wow. This really is big. Think of the economic ripple effects.

When your credit score goes down, the interest rate on your credit card goes up. Same thing here. The US will have to start paying higher interest rates on its debt. So that eats up even more of our federal budget, which will require even more spending cuts and tax increases than were required before.

Unemployment will trickle back up. The higher interest rates may require the US to increase the money supply leading to inflation.

Hope you're all really good at your jobs.

This is big but hardly surprising. The question is which country currently has a better rating and worthy of large investment?

You have made a lot of assumptions and predictions. Care to put your money where your mouth is? I got $100 ready to go.