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kdakota630 (29.78)

Rogers: "Bankrupt" U.S. Will Never Pay Back Its Bills

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August 08, 2011 – Comments (2)

The U.S. government deserves the downgrade Standard and Poor's slapped on its ratings, because the country has run up so many debts it will never get out of the hole, say famed commodities investor Jim Rogers.

Standard and Poor's cut the country's ratings on Aug. 5 to AA+ from AAA on concerns the government is not doing enough to address its debt burdens.

The agency is being too nice, as Washington probably doesn't even deserve the AA+ rating, Rogers tells CNBC.

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2 Comments – Post Your Own

#1) On August 08, 2011 at 7:11 PM, Borbality (49.81) wrote:

now we know why the military is so big. 

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#2) On August 09, 2011 at 4:44 PM, miteycasey (30.68) wrote:

Seriously?

In just a few months Ben could print enough money to cover all the debt owned across the entire world.

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