So Standard & Poor’s downgraded the US credit rating. So far so bad. But maybe I can spin this: S & P explicitly said, if I’m not mistaken, that the US rating would vastly improve if the Bush tax cuts were to expire. So maybe this is the hit on the head certain members of Congress need.
Plus, if the US deteriorates further, maybe new development aid programs will be job opportunities for German American Studies graduates ;)
Thoughts?