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USA Today Editorial–S&P confirms what everyone already knew

Posted on August 9, 2011 by Kendall Harmon

Standard and Poor’s, the agency responsible for Friday’s downgrade, merely confirmed what anyone with their eyes open for the past decade or two already knew: The U.S. has a huge and growing debt problem that it is resolutely unwilling to solve.

Not unable. Just unwilling.

Not just politicians, but anyone who buys into their divisive, fanciful rhetoric.

Read it all.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Budget, Credit Markets, Currency Markets, Economy, House of Representatives, Office of the President, Politics in General, President Barack Obama, Psychology, Senate, Stock Market, The Banking System/Sector, The National Deficit, The U.S. Government

One comment on “USA Today Editorial–S&P confirms what everyone already knew”

  1. St. Nikao says:
    August 9, 2011 at 6:48 pm

    “Not unable, unwilling.” Yep.

    S&P upgraded Ohio at same time they downgraded USA thanks to Governor Kasich of Ohio (who helped to balance the US budget in the 90s). Kasich got Ohio out of their biggest ever debt, while cutting taxes: http://www.thegatewaypundit.com/2011/08/governor-kasich-explains-how-he-did-it-ohio-credit-rating-was-just-upgraded-by-sp-video/