From the S&P report (via HollyontheHill): 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. Thestatutory debt ceiling and the threat of default have becomepolitical bargaining chips in the debate over fiscal policy. Despite this year’s wide-ranging debate, in our view, […]
Downgrade.
August 5, 2011 by Daniel Burton
Filed Under: Fiscal Reform Tagged With: Bond credit rating, Brinkmanship, Credit rating, Fiscal policy, Medicare, Public choice theory, Standard & Poor's, United States
the sound of a bubble popping?
January 14, 2011 by Daniel Burton
Rep. Barney Frank of Massachusetts Today, Standard & Poor’s and Moody’s Investors Service warned that the United States government is in danger of losing its AAA credit rating, the highest possible rating a large institution can hold. According to Taylor Graff at Cavanaugh Capital Management, the AAA rating is the “pinnacle of safety in the investment universe.” […]
Filed Under: Government, Politics Tagged With: Andrew Ross Sorkin, Barack Obama, Bond credit rating, Credit rating agency, entitlements, federal debt, invest, Investment, Moodys, New York Times, politicians, politics, postaday2011, Standard & Poor's, Wall Street
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