How Do You Spell C-O-R-R-U-P-T?
The possibility that Standard and Poor’s (S&P) could downgrade its AAA rating of the U.S. government’s credit-worthiness was supposed to send shudders through Congress and the investment community. The fairly obvious message to Congress was to press forward with draconian plans to cut hundreds of billions out of the budget, and eviscerate Social Security, Medicare and Medicaid, as well as make deep cuts in hundreds of social programs that protect middle and low-income families.
