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Positive aspects of not having a triple A credit rating for the U.S.
08/08/2011
The U.S. triple A credit rating and the dollar's role as the world's reserve currency can let deep fiscal imbalances develop without showing up in warning signals, or affecting the U.S. government's ability to borrow cheaply. With the lack of conservative financial practices in government, in Congress and at the central bank- seen in the last 2 decades -this makes it possible to go through longer periods without corrective action. This makes the crisis much worse when it finally has to be tackled.
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The Curse of the Triple-A Rating Is Still Haunting the U.S.
Wall Street Journal 08.08.2011
Europe Walks Line on Ratings Firms
Wall Street Journal 01.14.2012
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