Aug. 11th, 2011

S&P: The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed.

RIGHT!

S&P: The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.

RIGHT!

S&P: In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

BOO!

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bemused_leftist

August 2012

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