REICH: "Who Gave S&P The Authority To Tell America How We Pay Our Bills?"

REICH: "Who Gave S&P The Authority To Tell America How We Pay Our Bills?": "Standard & Poor’s downgrade of America’s debt couldn’t come at a worse time. The result is likely to be higher borrowing costs for the government at all levels, and higher interest on your variable-rate mortgage, your auto loan, your credit card loans, and every other penny you borrow.
Why did S&P do it?"