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The Water Cooler
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Is a Downgrade of US Credit Inevitable?
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<blockquote data-quote="mhphoto" data-source="post: 1583782" data-attributes="member: 6288"><p>Probably. We won't default (it's in the Constitution that creditors get paid first and we have the money), and the whole August 2nd "deadline" is a ruse. But even if the Congress passes something to reinstate the debt ceiling our rating will probably go down. </p><p></p><p>But it's cool, because DC knows best.</p></blockquote><p></p>
[QUOTE="mhphoto, post: 1583782, member: 6288"] Probably. We won't default (it's in the Constitution that creditors get paid first and we have the money), and the whole August 2nd "deadline" is a ruse. But even if the Congress passes something to reinstate the debt ceiling our rating will probably go down. But it's cool, because DC knows best. [/QUOTE]
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Is a Downgrade of US Credit Inevitable?
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