Tag / aaa

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  • How I Learned to Stop Worrying and Love the Debt

    On August 5, 2011, the credit rating agency Standard and Poor’s downgraded the status of the United States’ long-term credit rating from AAA to AA+. Riots immediately broke out nationwide, Texas seceded from the Union, and California broke off and sank into the sea. A little background might be in order. Standard and Poor’s –…