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, […]
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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
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