| S&P is so funny
Read about S&P's statement elsewhere. Even the Washington Post says that this warning is less about the debt ceiling than it is about the continuing deficits. Sure, none of these ratings agencies wants to see a short-term default, but neither do they really believe it will happen. What they are warning about is there is no sign of any serious interest in cutting spending and reducing the deficits. If that continues, they must downgrade our debt. |
Before saying that, make sure it isn't Business Insider that's being funny. Business Insider is not a business publication; it's an arm of the leftist media masquerading as a business publication. To hear them tell it, this warning is all about raising the debt ceiling.