I’m a United States citizen. Moody gives the US a AA+ credit rating (it was downgraded from AAA in 2011).
How can this be, despite the substantial amount of debt the US holds that only continues to grow?
Is it GDP, defense capabilities, the dollar being the de facto currency almost worldwide? A combination of these? Or is there another huge factor(s) I am missing?
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Many people, perhaps yourself, are under a confused notion that for a country like the US that debt is somehow a problem. It’s not. It’s actually pretty good and generally stupid to not have some debt unless we reached some point where there was nothing to spend money on. Completely different game and completely different rules compared to individuals and credit lol.
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