Standard & Poor’s downgrade of America’s credit rating represents a new factor in America’s creditworthiness—”political insanity,” writes Edmund Andrews in the National Journal . Indeed, Andrews notes that S&P explicitly cited politics in its downgrade: “The political brinksmanship of recent months highlights what we see as America’s governance and policymaking…
Excerpt from:
GOP’s ‘Political Insanity’ Caused S&P Downgrade