S & P Downgrades US Credit Rating to AA-Plus

via Economy, Debt and Credit Rating: S & P Downgrades US Credit Rating to AA-Plus – CNBC.

“More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011,” the statement said.

The recent debt ceiling debate wasn’t serious. Only the Tea Party gets it but they are called crazy.

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