Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Well, can you imagine the political impact of S&P or Moody's downgrading the USA from AAA to AA?

The much anticipated [around these parts, at any rate] collapse of the system might be triggered by just that (people would try to dump their bonds, there would be a run on the dollar...).

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Wed Mar 29th, 2006 at 04:54:27 PM EST
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