America appears to be sleepwalking towards disaster ? does no one care? America Appears To Be Sleepwalking Towards Disaster – Does No One Care? -- The Telegraph
So let me get this straight. The Standard and Poor's rating agency last week took the historic step of putting the US government's AAA credit rating on "negative watch".
There is now, according to S&P, "at least a one in three chance" that American debt will be downgraded from its top-notch status over the next two years – which would be a first in modern times.
A New York Times/CBS News opinion poll has also suggested the US public is now more economically pessimistic than at any time since President Barack Obama's first two months in office in early 2009 – when the country was still caught in the "Great Recession".
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My Comment: Mark Steyn (in his typical sarcastic trademark) also looks at this slow moving train wreck. The link to his post is here.
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