We live in an increasingly degraded country.
Our politics are degraded and a laughing stock to the world. Our military is demoralized and degraded with soldiers urinating on dead civilians and awaiting deployment orders for the next illegal intervention.
Our education system has been degraded with standards falling and pervasive defunding. Our transportation system, ditto.
I could go on, but I don’t have to. We are all living the decline with downward mobility, joblessness and foreclosures, to cite a few trends that make life so miserable for so many.
Now, our godlike financial ratings agencies have decided to degrade nine countries struggling to fix their financial crisis. The decision by Standard and Poors (Best renamed, “It is now Standard to Be Poor”) to downgrade credit ratings for France, Italy, Austria and six other European countries signals those nations that Wall Street has them by the cojones. Their costs for borrowing will go up.… Read the rest