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Congress Earns a Credit Downgrade for US

The credit rating agency Standard and Poor’s downgraded the US from a triple AAA rating to AA+ rating yesterday evening.

Deservedly so, since Congress has acted like a drunk with a no-limit credit card.  Many people are under the illusion that the President has the power to control all of this.  But “Congress controls the purse strings” is a well-known and true adage.

The US Congress should act like a corporation’s board of directors and make decisions that are good for the overall health of the US.  They don’t.

The Corporation of the United States is mismanaged.


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