IT’S NOT THE DEBT CEILING, SAYS PROF. JACOBSON: We already were headed for a downgrade because of too much, not too little, debt. “Both Moody’s and S&P have been warning for months about possible downgrades unless the U.S. addressed the rising debt problem. The rising debt, not failure to incur more debt, was the concern.”
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.