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.
(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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