On August 2nd, Fitch downgraded the rating of US debt from AAA to AA+. What does this mean and what does economics have to tell us about it.
Nice article! I think it boils down to a combination of 1) Growing political instability and 2) Unwillingness of either party to tackle the rising cost of social security and medicare. There are no good solutions here, cuts will need to be made.
News: The US Credit Downgrade
Nice article! I think it boils down to a combination of 1) Growing political instability and 2) Unwillingness of either party to tackle the rising cost of social security and medicare. There are no good solutions here, cuts will need to be made.