"S&P did not downgrade the USA simply because of matters such as debt to GDP ratios but as it reported also did so because Washington politicans took the country right up to the brink of disaster."
Exactly. Several foreign news sources reported that the US Govt had shown itself to be "dysfunctional" (their word) in solving their financial crisis. When Rome was burning, the real tragedy was in Nero "fiddling" and watching it burn...instead of grabbing a bucket.
