Per ABC News: The administration is fighting S&P's indication that it is about to lower our credit rating - not because of current debt - but, because of their belief that partisan gridlock will prevent our country from reaching consensus on a sane future fiscal policy. See:
http://blogs.abcnews.com/politicalpu...downgrade.html
Welcome to the new world of kamikaze democracy --> a world where all of us will pay real money for the stupid rhetoric of a few. Oh, and let's not forget the political pandering of politicians who actually know better - but, who lack the courage to stand up to idiot ideologues.
I just finished, "In the Garden of the Beasts." [ame]http://www.amazon.com/Garden-Beasts-Terror-American-Hitlers/dp/0307408841/ref=sr_1_1?ie=UTF8&qid=1312588458&sr=8-1[/ame]
There is a strong parallel to be found here.
Harbor