First, my poll from November 2008 asking why Moody’s and S&P won’t downgrade the US Treasury debt:
Who is left in the exclusive S&P AAA sovereign debt club?
Australia, Austria, Canada, Denmark, Finland, France, Germany, Hong Kong, Isle of Man, Liechtenstein, Luxembourg, Netherlands, Norway, Singapore, Sweden, Switzerland, United Kingdom,
Now the AA+ “deadbeat” club:
United States, Belgium, New Zealand
“I remember when the United States used to be somebody”