Standard and Poor’s downgrading of the U.S. credit rating for the first time in history was the second warning given by the rating agency. The first was last April. Nonetheless, it seems to have come as a surprise to many within the Washington Beltway. It took about three days for politicians to regain their composure enough to define the cause as “a lack of political will.” Our position is that the cause is far deeper than that statement implies.
Standard and Poor’s downgraded the credit rating for reasons that took root more than thirty-years-ago. Factions of Congress today embrace ideologies that reflect an irresponsible attitude to the fiscal management of the largest economy in the world.
The full report on The Loss of America’s Credit Rating explains what happened and what can be done to fix the mess politicians have left for taxpayers to clean up. Download the report, today. It is free.
Download the full pdf report by clicking this link :
The Loss of America’s Credit Rating:
How it Happened, and What Must be Done to Fix It
This PDF report presents findings on how fiscal and tax policies led to current, high-levels of unemployment, sluggish economic growth, widening income disparity, the US credit downgrade, and declines in “capital creation.” It’s “good stuff.” Download it, today.
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