The bonds will be downgraded IMHO. That is a given because the debt will continue to grow and our economy will continue to slow. You had the International currency up to and including WWll and then lost it. Once we "officially" lose the International Currency our standard of living which has gone down the crapper already will further deteriorate. This is doom and gloom but just facts. Socialism does NOT work.

Greece is toast as well as Portugal,Spain, and Italy all warming up in the bullpen. Will the rest of the EU bail them out? We shall see. Only a matter of time. Socialism is great till you run out of everyone's money.

Mao once said lets spread the wealth around, after 49-75 million people exterminated he succeeded.
http://www.scaruffi.com/politics/dictat.html

http://www.youtube.com/watch?v=cp1xAl77OM8&feature=related very scary and she is living on my tax dollar.