Someone thinks America will collapse soon...

[NJ5]

HappySqurriel said:

NJ5 said:

So Obama and congress leaders finally made a deal which hasn't been voted on yet, "cutting" around $2 trillion (i.e. spending $200 billion less per year than previously planned, which still means spending will increase).

This is not the $4 trillion that S&P was calling for, so will the U.S. get downgraded?

You forgot to mention that a small increase in interest rates on government debt will soon erase all of these so-called cuts, and interest rates will likely increase by far more than that in the not too distant future ...

Yeah, they're so low that they don't really have anywhere to go but up (although Japan did manage to maintain low interest rates for a veeeery long time).