I blogged about this LAST YEAR <click here>, so yes, today's S & P "surprising" negative outlook on US debt was not surprising to some of us. Far from it--in fact, we've been pounding the table.
http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html
Monday, April 18, 2011
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