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Guess Whose Fault It Is?

August 6, 2011

After the markets closed yesterday, the Standard & Poor’s rating agency downgraded US debt from risk-free AAA to not-risk-free AA+. The downgrade resulted in part because ” the majority of Republicans in Congress continue to resist any measure that would raise revenues”. Any chance this will get Mr. Norquist to (gasp!) compromise in the future?

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