Us Debt Default

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Debt Default 'A Pure Act Of Idiocy'

OMAHA, Neb. - Billionaire Warren Buffett said Wednesday it would be idiocy for the nation's leaders to allow the United States to default on its bills.Buffett is a renowned investor who leads the Berk...
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AAA Debt Rating: What Would Life Be Like Without it?

At the end of the day there is nothing sacred about that AAA stamp on Washington IOUs. Since the popular press has done a good job in linking the Aug. 2 deadline with the future of the U.S. credit rating, many believe that getting a debt authorization increase by this date will protect it. That would be naïve.