bemused_leftist ([personal profile] bemused_leftist) wrote2011-08-09 09:29 am

What happens when you yell "Default!" in political theatre

http://www.investors.com/NewsAndAnalysis/Article/580834/201108081908/A-Psychological-Blow.htm

S&P’s downgrade from AAA to AA+ wasn’t about America’s ability to pay its debt, which remains intact. The rating agency specifically said the problem was the U.S.’ willingness to pay its bills.