Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Your suggestion that US would be able to print it's way out of debt is incorrect, the devaluation of the currency caused would be consider a default and lower the rating of the debt to junk status.

Your suggestion of fixating the rating of the dent to AAA is even immoral, I understand that you are basing that on the premise that US can pay all obligations through devaluing the currency, but even then, if a credit rating agency were to unilaterally decide to apply a good standard to ratings... well a new level of corruption would have been reached, that's for sure.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: