3 ms·
> with a decent credit rating That's the thing... what happens next year when Biden in a lame-duck President and the GOP end up blocking the next debt ceiling
by alfiedotwtf 5y ago
> with a decent credit rating
That's the thing... what happens next year when Biden in a lame-duck President and the GOP end up blocking the next debt ceiling raise? The US would then be unable to pay bond coupons which would trigger a default. This would cause America's credit rating to tank.