The politics of U.S. debt rating Standard & Poor's downgraded U.S. long term debt from AAA to AA+ on Friday. The release outlines two related issues of concern. First is the issue of political gridlock and the ensuing policy uncertainty. The second is the sheer size of projected unfunded liabilities of the United States. This is from the S&P release:
S&P scolds Washington
S&P scolds Washington
S&P scolds Washington
The politics of U.S. debt rating Standard & Poor's downgraded U.S. long term debt from AAA to AA+ on Friday. The release outlines two related issues of concern. First is the issue of political gridlock and the ensuing policy uncertainty. The second is the sheer size of projected unfunded liabilities of the United States. This is from the S&P release: