Agreed. The real mistake made by all the rating agencies was in not downgrading the US years ago. And I say that as an American citizen who wants to be patriotic, but is just disgusted by the unrestrained spending in Washington.
If the rating agencies had all had the courage to rock the boat and drop us a point a couple years ago, I think that the sound of money going away might have woken up even our political leaders to do something to stop it.
it's easy for me to skip over this part of your comment, but the more i think about it the more it bothers me that i have absolutely no clue what you mean by that.
i agree with the rest of your comment by the the way.
If the rating agencies had all had the courage to rock the boat and drop us a point a couple years ago, I think that the sound of money going away might have woken up even our political leaders to do something to stop it.