Well, not the U.S. itself at this point, but hey, let me throw in states here as well.
I'm too lazy to start a new thread, and besides, it seems just as relevant that Connecticut is getting its rating slashed as hearing the same about Spain. Both have debt denominated in a currency they don't control [and thus can't inflate their way out of it.... well, not by themselves, at least.]
http://www.economicpolicyjournal.com...thiest-us.html
Quote:
Connecticut is preparing to borrow $956 million to close a budget gap in the fiscal year beginning July 1, after borrowing money last year to cover a deficit of $947.6 million. Not good. Fitch has reduced the states credit rating from AA+ to AA.
“The downgrade reflects the state’s reduced financial flexibility, illustrated by its reliance on sizable debt issuances during the current biennium to close operating gaps in the context of already high liabilities,” Fitch said.
Connecticut is the wealthiest state on a per capita basis with personal income of $54,397 in 2009, according to Department of Commerce.
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