[red_rech]

> FAFO

As someone not very educated in economics and the institutions around global nation-state economics specifically, what does this mean? It’s more expensive for the state to borrow? From where?

Are there real consequences of this for powerful people, or will they just be passed solely to middle class and below somehow.

[kipchak]

In this case S&P just re-affirmed their rating so for now not much, hence the line in the article "There was no reaction in markets on Tuesday to S&P's credit rating affirmation".