Sunday, August 7, 2011

S&P Downgrades America's Debt ... But not for Obvious Reasons

Please see an excellent opinion piece in The Economist:
http://www.economist.com/blogs/freeexchange/2011/08/sps-credit-rating-cut?fsrc=scn/fb/wl/ar/downgradingpolitics

The main point of the article is that the downgrade was not entirely due to the creditworthiness of the United States. Instead, it had much to do with the willingness of America to pay its debt. The folks at S&P were put off by the fact that a default would even be considered by our so-called leaders.

I hope this kind of opinion grows. It might help us get rid of loud-mouth political extremists (from both sides of the aisle) and move our Congress into the roles of true leaders. This, after all, is what we should be electing them for and should be the work they aspire to do.

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