this post was submitted on 02 Feb 2025
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[–] Oneser@lemm.ee 2 points 6 months ago

True, but I don't think anyone expects a balanced US budget at this stage of global economics. IMO a loss of the AAA rating would tank the economy significantly and risk a massive corporate backlash. This will make the government's stance untenable and cannot simply be solved by issuing unlimited debt.