(WSJ) America Gets Downgraded

Whatever one thinks of the credit-rating agencies””and we aren’t admirers””it serves no good purpose to shoot the fiscal messengers. Friday’s downgrade by Standard & Poor’s of U.S. long-term debt to AA+ from AAA will be the first of many such humiliations if Washington doesn’t change its economic and fiscal policies.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Budget, Corporations/Corporate Life, Credit Markets, Economy, Globalization, Politics in General, The Banking System/Sector, The National Deficit, The U.S. Government