why s&p downgraded the us credit rating ..., page-7

You appear not to understand Timber1956 when you suggested to "Put in US GDP and recalculate."

The US Government's income is the money it receives from taxation.

This income is of course based on what is taxed and the taxation rates PLUS of course GDP as with increased GDP there should be increased taxation revenues.

You somehow want to double count.

Just like many gold holdings are double counted. Just like the same physical gold is leased over and over again with everyone claiming ownership of that same gold! lol

The issue is of course that the US Government is spending unimagineable amounts of money that it does not receive as its income and is borrowing and borrowing and borrowing and getting deeeper and deeper and deeper into debt to do so.

Sure the US Government will be able to repay its US dollar denominated debts. All it has to do is print trillions of
US dollars. That will kill the US dollar and set off massive inflation in anything priced in US dollars.