Does the US Deserve its Triple-A?
Will the credit ratings agencies downgrade the US's triple-A rating, which it has held since 1917?
Moody's Investors Service and Standard & Poor’s have made threats to downgrade the US in the past, but the threats are coming more frequently in recent years, along with tougher language.
One big breaking point for the credit ratings agencies: Interest costs on the US debt as a percentage of total federal tax revenues.
Keeping the interest cost to federal tax revenue ratio stable is why the government is increasingly talking about ways to raise federal taxes in order to avoid an embarrassing credit rating downgrade, exacerbated by soaring government spending. Full article