Austin
2012-01-28 14:04:23
This article is missing or glossing over a key componet of the underlying issue, the wolves were put in charge and made part owner of the chicken house.
The entire premise of public debt being rated by the same markets that design, trade and are invested in the instruments of that debt is flawed.
We as a society have deeper analytics, and by stronger I mean unbiased, in sabermetrics (baseball analysis) than we do in public debt and spending. Ideally we need to develop, implement and communicate the analysis of pubic debt, and spending on the same level.
