Get used to it. The credit of the United States of America - the government, not the people - is not top notch anymore. The national honor has been besmirched by just about every "leader" in the Dark City. Does anyone really think that a re-run of the Great Depression of the 1930s would not bring a default ... and not just a technical one?
Now the knaves in the Dark City are bickering when there is record demand for US notes and bonds. In a Great Depression scenario, that demand would not exist. In a "worst case" scenario, interest rates for government debt would be higher. At that higher cost of funds, government spending would be even more ... much, much more. And spending on aid for the poor and indigent would be more ... much more. In that world, a true, Greek-style default would certainly happen.
USA is a Aa/AA/AA and is not a triple "A" anymore.
100 years of strong economic performance has been squandered.
And who did it? The knaves in the Dark City.
Word of the Day
"Alterity" - noun [$10] from 'alter'
Alterity means the essence of someone's or something's changed state.
Sentence: Obvious to anyone not complacent is the alterity of the credit of the government of the United States towards weakness.