My favorite post so far: this one. Mostly because it directly tackles the "but our government is really dysfunctional" argument head on.
If S&P's redo argument was the real reason for the downgrade, then we should have been downgraded in November 2010 just after it was clear the GOP had taken the House...or in mid 2009 when it was clear that lunacy ruled when a 60-40 Senate Democratic majority could only manage to pass bills that were Republican-policy...or back in 2000 when the result of the presidential election was not decided by the voters but by the Supreme Court ruling that votes shouldn't be counted. Srsly.
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