If I were a rating agency, I would have bumped the US down more than one notch the last time this was threatened. The mere fact that we could talk about it with a straight face should have been very worrisome.
Well, S&P downgraded US debt the last time we went around that mulberry bush.
Bad things happened to S&P (and its owner McGraw Hill) after that.
Pointing out that the emperor is naked can be really bad for your health.
If I were a rating agency, I would have bumped the US down more than one notch the last time this was threatened. The mere fact that we could talk about it with a straight face should have been very worrisome.
Well, S&P downgraded US debt the last time we went around that mulberry bush.
Bad things happened to S&P (and its owner McGraw Hill) after that.
Pointing out that the emperor is naked can be really bad for your health.