[Bungholio]

Bullet, meet foot. Given that this downgrade was triggered entirely by the poor behavior of U.S. politicians, how can it be in the U.S. interest for the Treasury to come across as whiney and paranoid? If the treasury had also mentioned the perfectly reasonable reasons for a downgrade there may be some balance, but to talk of S&P "making political decisions" puts them in exactly the same bracket as the poorly behaving politicians! Would you do business with this lot?!

[watchandwait]

The downgrade was triggered because America is borrowing 40 cents of every dollar of spending, for the third year in a row, with no sign of stopping.