Yep, this is not being done by incompetence, it is by design. This IS a big deal, I don't care what anyone says.
When we keep getting downgraded (which up until a few years ago, had never happened in America's history) it sends a signal that America is not looking like they will repay their debt or the interest on the debt. It is only natural by they way our politicians have continued to spend like a bunch of idiots. Nobody in their private sector lives could get away with spending like this, so why does our national government get away with it? The truth is, they won't forever, and there will be huge problems when the laws of Economics start playing into it, and the "perception" fades away. The only reason we are not downgraded WORSE at this point is "perception." When reality comes along, things will fall apart fast.
