![United States Two Dollar Uncut 32-Subject Currency Sheet](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2N5EbBbWSAQpRLFyT1Q1rueWmM_iMobO_Au26coB5dKPG7b3iI_tyQgKsLVBegCDqKxLKYUFrAgdWaUyAf0cnz7mPWkN8DcNl1xc3kH6ieURdHek-wfFkSvojPtiWTLrGKnZa/s200/United_States_Two_Dollar_Uncut_32-Subject_Currency_Sheet.jpg)
Of course, since U.S. debt is payable in dollars, and the U.S. government controls the printing of dollars, it is not clear what a downgrade could even mean. As long as the U.S. government knows how to print dollars, it will always be able to make the interest and principal payments on its debt.
-- Dean Baker, Co-Director of the Center for Economic and Policy Research,
Statement on the S&P Downgrade (8 August 2011)
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