“The European debt crisis is gradually spreading to Spain, and some experts say it will hit Italy soon enough. But both nations are in better financial shape than the United States, according to former U.S. Comptroller General David Walker, now head of the Comeback America Initiative.
“Italy and Spain have a higher rating for fiscal responsibility and sustainability under the new Comeback America index than the U.S.,” he tells CNBC. “The question is when are the markets going to come after us.”
Read more: Former Comptroller Walker: US in Worse Shape Than Italy, Spain
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How can a currency issuer be in worst shape than a currency user, guy’s talking garbage
one could issue more currency than creditors will accept….just one reason no ?