How the US Govt works
If you understand how the US Government works then you realize that there is no problem with Debt ratings downgrade : It is the month of August, on the shores of the Black Sea. It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit. Suddenly, a rich tourist comes to town. He enters the only hotel, lays a 500 Euro note on the reception counter, and goes to inspect the rooms upstairs in order to pick one. The hotel proprietor takes the 500 Euro note and runs to pay his debt to the butcher. The Butcher takes the 500 Euro note, and runs to pay his debt to the pig grower.The pig grower takes the 500 Euro note, and runs to pay his debt to the supplier of his feed and fuel. The supplier of feed and fuel takes the 500 Euro note and runs to pay his debt to the town's prostitute that in these hard times, gave her "services" on credit. The hooker runs to the hotel, and pays off her debt with the 500 Euro ...
