Originally Posted by R33_GTS-t
It's even worse once you add the debts of all the individual states onto the federal debt.
Basically America is ****ed, it's just a matter of how long it takes them/the bond markets to realise it.
if they do get drowngraded I doubt it will be like greece all over again. if the dollar does collapse effects will be felt everywhere. In fact there might even be some big bank runs, the only way they will stop this is by creating more debt (that's what they have done in the past). It is insane.