Home | About | Donate

S&P and the USA: Right's 'Madness' and Agency's Ineptitude Led to Downgrade

#1

S&P and the USA: Right's 'Madness' and Agency's Ineptitude Led to Downgrade

Paul Krugman

NEW YORK - OK, so Standard and Poors has gone ahead with the threatened downgrade. It’s a strange situation.

On one hand, there is a case to be made that the madness of the right has made America a fundamentally unsound nation. And yes, it is the madness of the right: if not for the extremism of anti-tax Republicans, we would have no trouble reaching an agreement that would ensure long-run solvency.

0 Likes