Ask HN: What does HN think of S&P rating downgrade for US?

https://news.ycombinator.com/item?id=2861200

by pcj • 15 years ago

3 4 15 years ago

news.ycombinator.com

mw63214• 15 years ago

short-term: bad - especially Fannie and Freddie, long-term: maybe good(?), may close export gap. Also, I could be totally wrong.

there• 15 years ago

http://news.ycombinator.com/item?id=2856702

gapanalysis• 15 years ago

In some respects, it's overdue. The US is has the most debt in the world. The debt-to-GDP ratio is 100%. Spending exceeds income. Would you loan the US money?

Until the Dems and Reps stop trying to win elections and start governing, things will not improve.

We need to spend less and collect more taxes.

We also need to stop imagining that there's a 2-4 year fix. This is not an economic crisis. Several decades of poor leadership producing fiscally irresponsible legislation put us here. It's going to take 5-10 years to correct. Lots of Americans will have to learn to live with less.

sidcool• 15 years ago

I think that many databases will have to update the values. And yeah, if someone has hardcoded UI values, they will have to change as well.

Ask HN: What does HN think of S&P rating downgrade for US?

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