s&p

The downgrade of US credit rating by S&P shows the political forces working against us

By / Leave a Comment / 19 June 2015

Summary:  A look at the ratings agencies.  What is their real function in our system?  Who do they serve, and how well do they perform?  The answers are not what the news media usually tell us. Contents The ratings agencies are neither stupid nor corrupt, nor do they work for us Should we fear the …

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The limit to America’s power is our ability to pay for it

By / Leave a Comment / 2 June 2013

Summary:  Today one of the two major credit agencies fired a warning shot across the bow of the American ship of state.  Feckless borrowing for decades plus an inability to make simple, obvious reforms have put at risk a credit rating forged by hard actions by the Founders.  For more information see the links at …

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