The better answer—the only road back to fiscal sanity and AAA status—is to reverse the economic policies of the late Bush and Obama years. The financial crisis followed by the Keynesian and statist revival of the last four years have brought the U.S. to this downgrade and will lead to inevitable decline. The only solution is to return to the classical, pro-growth economic ideas that have revived America at other moments of crisis.What could be more ridiculous than trying something that worked in the past?
"America Gets Downgraded. A spend and tax policy mix always leads to economic decline." Editorial, Wall Street Journal, 8/8/11.