This week’s report that the S&P index has cut its outlook on America’s credit future from “stable” to “negative” was clouded by questions of the
“„The United States lacks a credible plan, for the medium term, to reduce its budget deficit. The debate between the two parties that concluded on April 8 with a savings plan of $39 billion was inadequate. President Barack Obama’s April 13 speech was a step in the right direction, but more concrete decisions remain to be taken.