Digital Doctor
Well-known member
I see the already downgraded US Sovereign Debt is AA+ but was further downgraded to a Outlook: negative just recently. That can't be good.
Fresh off the press today .... The Corruption Index of 2010.
Is there a relationship between corruption and debt ? Indeed there is.
As it turns out, every country with a AAA rating on their debt scored better on the Corruption Index than the United States. Well, there was one exception - France - and today the S&P mentioned they weren't all that comfy on France's AAA rating.
So the good news for American Tax Payers (whom are paying more to service the debt due to the AA+ debt status) ... all you need to do is get your country to be less corrupt. Oh wait, that's the bad news.
Fresh off the press today .... The Corruption Index of 2010.
Is there a relationship between corruption and debt ? Indeed there is.
As it turns out, every country with a AAA rating on their debt scored better on the Corruption Index than the United States. Well, there was one exception - France - and today the S&P mentioned they weren't all that comfy on France's AAA rating.
So the good news for American Tax Payers (whom are paying more to service the debt due to the AA+ debt status) ... all you need to do is get your country to be less corrupt. Oh wait, that's the bad news.