At Least Someone Still Has Good Credit

June 23rd, 2009 by Jason · No Comments · sovereign wealth

usedcarsalesman

Surprisingly, the US still gets a AAA sovereign rating from Moody’s despite being in debt for more money than exists and needing to borrow more as time goes on, until things get right many years from now. What’s more, the rating isn’t expected to change for another year and a half. Wish I could get Experian to give me that kind of leeway. “Yeah, we’re gonna go ahead and give you an 850 FICO even though you’ve got a giant mortgage, two car payments, some student loan debt, and you owe nineteen large to Fat Tony.  We’ll check back in eighteen months to see where you’re at then.”

But if our debt load doesn’t stop growing, we are SO getting cut to a AA, which will mean that the US government will only be able to get a line of credit at Family Auto Mart.

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