If anything is nuts I'd have thought increasing lending to a bankrupt with no plans how to pay any of it back must rate pretty high.
Try going to a bank and borrowing money if you were in the same deficit as the US. They'd laugh at you.
I think it was about time the US got downgraded. They surely cannot continue just printing money without a serious timeline and proper plan as to how they are going to get out of the sh*t that their in. I'm surprised it took as long as it did before one of the ratings agencies downgraded. Now I see the US is going to investigate their methods and more than likely blackmail them into reversing their decision somehow.
Not a very good showing and hardly allows the agency to stay neutral when they have threats about investigations hanging over their heads.
I have to say this (and sorry to the few americans on this site) but it was about time someone brought your government down a peg or 2.
Don't p*ss me off! I am running out of places to hide the bodies.