France and Austria are about to be downgraded by S&P. What does it mean for US.

Updated:  Understand this:  the socialist/macroeconomic European experiment is imploding. Greece is still in a mess.  Austria and France, if downgraded, could represent the tip of the financial iceberg, promising serious problems throughout Europe and,  soon,  the United States. 

The stock market will take a hit,  according to experts,  but the treasury will celebrate in the [very] short term.

While financials in this country are taking a hit,  10 year T-Bills are down to 1.8%.  Money is flooding into our treasury (from Europe).  What does this mean?  Well,  it means that billions of dollars are flowing into our treasury (money that we can spend) on a promise to pay back this money at a very low interest rate.  

This scenario,  in the short term,  is considered "good."  The problem is,  of course,  this is borrowed money - cheap as it is - that will add to our nation's debt management costs in the future.  Understand that if we have to borrow money,  cheap T-bills are the way to go. . . . . .  . and we do have to borrow money. 

The downgrade has not been confirmed but the news of the downgrade is coming from French television.