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American credit downgraded from The Economist
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We have not heard a president talk about paying off the national debt in a longtime. I would be concerned holding a 30 year t-bill. If the US does not grow they will default or devalue the currency. Either way there is no plan to to pay off the debt and any politician who tried would be murdered at the polls for slowing the economy in the short term. Fundamentally, our system is broken till voters become more financially literate.
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