Why S&P's Downgrade Of The U.S. Credit Rating May Not Be As Bad As It Sounds : Planet Money : NPR

Why S&P's Downgrade Of The U.S. Credit Rating May Not Be As Bad As It Sounds : Planet Money : NPR

The fact of the matter is that US debt is still one of the safest investments in the world if for not other reason than the world is a dangerous place.

I will take this opportunity to remind the reader that Standard and Poors is one of the infamous credit rating agencies that failed to accurately assess the risk in the mortgage debacle due to conflicts of interest.

The administration is robustly asserting that there are fallacies in S&P's actions.

What is more troubling is the news that China is demanding that the US live within its means. China holds 1.2 trillion dollars of our debt.