Why S&P Has No Business Downgrading the U.S.

wall-street-bull-wide

Robert Reich: S&P’s intrusion into American politics is also ironic because, as I pointed out recently, much of our current debt is directly or indirectly due to S&P’s failures (along with the failures of the two other major credit-rating agencies — Fitch and Moody’s) to do their jobs before the financial meltdown.

The Biggest Driver in the Deficit Battle: Standard & Poor’s

Boehner_Reid-wide

Robert Reich: Standard & Poor’s insists any deal must also contain a credible, bipartisan plan to reduce the nation’s long-term budget deficit by $4 trillion — something neither Harry Reid’s nor John Boehner’s plans do.

Related Posts Plugin for WordPress, Blogger...