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Thread: Is it good if the US raises its debt ceiling?
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[quote=JIMMYB,437297]Canadaguy, the Eurozone is also in a mess. I don't know much about the World Economy. Why can't China spend its large amount of foreign exchange on improving its citizens' life standards? GUEST10258, I don't think that other nations will cancel the debts. They buy the US debts to make money. If the USA fails to return the debts, they will lose a lot of money. Why most nations choose to buy the US debts? Because they believe that the US will keep its promise. Now Standard & Poor's has downgraded its rating on U.S. Government debt from AAA to AA+. Why did SP do this? It may have realized some potential risks.[/quote]
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