Thread: What Happens If The USA Defaults?
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Old 07-24-2011, 10:00 AM  
facialfreak
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Join Date: Feb 2005
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Quote:
Originally Posted by Tjeezers View Post
If they default, they lose their " perfect " credit rating, and this results in higher interests on outstanding loans. You get it?
Check your history books, but the US credit rating was downgraded already about 6 years ago while Bush was in power ...
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