Comment Re:Press release from S&P (Score 1) 1239
Not true at all. The first bullet point that explains the reasoning for the downgrade in the article is this:
The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.
The debt is the most important issue.
The fact that they don't trust us to be able to solve the debt problem is the part you quoted. There's nothing in the text that would indicate that that's the more important factor. If we didn't have our huge debt, then the bullet point you quoted would be a non-issue.