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Debt Ceiling

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The S&P Downgrade – The Actual Report

You could listen to the talking heads explain why America’s debt was downgraded, or you could just read the report yourself. The report is mainly an indictment of the current political climate in Washington.  It takes no position on methods to improve our fiscal situation (tax increases, spending cuts), nor does it imply endorsement of … Continue reading

The United States – no longer AAA

There’s no shortage of commentary on the S&P Downgrade.  Here’s a few analyses that I found interesting. Jeff Macke lays out the case for why United States deserved the downgrade. Our GDP is under 2%, our unemployment rate is over 9% and both numbers are likely much worse than advertised. Our nation turned our desperate … Continue reading

The Debt Ceiling

Suffice it to say I think the GOP’s insistence on balancing the budget through spending cuts alone (in the midst of a huge recession) is not the proper course nor mathematically sound.  If ultimately this negotiation leads to a substantive deal to handle the spending problem of our federal government, well fine.   Ross Douthat does … Continue reading