The U.S. Already Has Lost AAA Rating

Has the U.S. already lost its AAA credit rating?

With debt ceiling talks ground to a halt, Kelly Evans put that question to famed investor Jim Rogers. His answer? An emphatic yes.

“Everyone already knows that the U.S. has lost its AAA status,” Rogers said. “Anyone who knows what is going on, already knows that the U.S. is now the biggest debtor nation in the history of the world. It’s only S&P and Moody’s that haven’t figured out what is going on. The investment world knows that the U.S. is not AAA.”

Rogers also called the current debt negotiations in Washington a political “charade.”

“I don’t expect them to have real spending cuts. They have been talking about this for 40 years, talking about how they are going to solve the problem of the deficit. Remember the Grace Commission? Remember the Gramm-Rudman act? The Gramm-Rudman act said we couldn’t have deficit spending 25 years ago. They forgot about that.”

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