S&P Says Microsoft More Creditworthy than US Government
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/sp-says-microsoft-more-creditworthy-than-us-government/Two days after Standard and Poor’s downgraded US government bonds, David Llewellyn-Smith, writing in The Sydney Morning Herald noted, “We now face the ludicrous circumstance in which the United States government holds … a lower (credit) rating than Microsoft, despite issuing its own currency (the world’s reserve), being able to raise taxes when it chooses,… Continue reading
