Short Stuff from the Traveling Ph.D.

Too long for Twitter; too short for my blog.

Link reblogged from Robert Reich

Robert Reich: Why S&P Has No Business Downgrading the U.S.

http://robertreich.org/post/8542550924

robertreich:

Standard & Poor’s downgrade of America’s debt couldn’t come at a worse time. The result is likely to be higher borrowing costs for the government at all levels, and higher interest on your variable-rate mortgage, your auto loan, your credit card loans, and every other penny you borrow.

Why…
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  S&P has downgraded the U.S. because it doesn’t think we’re on track to reduce the nation’s debt enough to satisfy S&P —...
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