Comment Re:probably should have been lowered anyway (Score 1) 1239
There was never a danger of default. The US tax revenue every month is much greater than the debt servicing payments.
The only thing we were in danger of was a government shutdown. The "default" talk was all theater designed to scare voters.
The reason we were downgraded is because the "debt deal" was pretty close to useless. More theater.
The real problem (as the article mentions) is that we have such a huge debt in the first place. The Tea Party folks were vindicated by this slashing of our rating. They knew all along that it was about the debt. They tried to do something about it. The leaders of the Republican and Democrat parties should be tarred and feathered on their way out of office.