Big Government, Big Debt, No Growth

Irwin Stelzer, Weekly Standard
It was bad enough when Moody’s Investor Services placed America’s credit rating under review for a downgrade because our politicians can’t agree to raise the $14.3 trillion debt ceiling. Now Standard & Poor’s has taken an even tougher stance. It is putting U.S. debt on “Credit Watch negative,” with a 50 percent chance of a downgrade in the next three months if there is no long-term plan to cut the deficit. That would put an end to the triple-A rating accorded American debt since 1917. And Standard &...

Source: http://www.realclearpolitics.com/2011/07/16/big_government_big_debt_no_growth_259487.html

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