Friday, May 22, 2009

Will The US Go Bust?

In case you hadn't heard, Great Britain's credit rating may drop. The US might join them in the tank:S&P cut its U.K. outlook to negative. It said huge bailouts, soaring social costs and plunging tax revenues could push Britain's sovereign debt to nearly 100% of GDP.Many investors quickly noted that the U.S. is on a similar path.I don't think Treasury's behavior in the Chrysler bankruptcy helps

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