S&P senior director Joydeep Mukherji said the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a potential default,” Mukherji said.
“That a country even has such voices, albeit a minority, is something notable,” he added. “This kind of rhetoric is not common amongst AAA sovereigns.”
HOWEVER
Michele Bachmann at the GOP debate last night: “We should not have raised the debt ceiling.

http://www.washingtonpost.com/blogs/plum-line/post/standard-and-poors-punctures-michele-bachmanns-blissful-fantasy/2011/03/03/gIQAl37TBJ_blog.html

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About jjambon

I play piano and sing in the French Quarter. Life is good.

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