S&P Downgrade

Shoe dropping? Maybe.

However, I'm not sure that a debt ratings analyst has the depth of understanding of the posturing that proceeds policy making in Washington, DC. Jury is still out for me as I see mixed signals. Positives on consumer confidence and spending, in spite of high gas prices v. flat income levels and labor market drop outs.

I just don't know yet what the country looks like without the Medicare safety net, health outcomes now are already lousy and expensive as well. We shall see.