Posts Tagged ‘S&P’

The Tax Vox 2011 Lump of Coal Award: Kicking the Can Edition

Welcome to Tax Vox’s fifth annual Lump of Coal Award recognizing 2011’s ten worst moments in fiscal policy. It is hard to imagine so much ugliness crammed into a mere 12 months. But after much thought and debate, the winners are: 10. The rating agency Standard & Poor’s for downgrading U.S. debt based upon a […]

What the Stock Market Plunge Means for a Deficit Agreement

In some parallel universe, Congress and President Obama would respond to the stock market tumble, the S&P ratings downgrade, and growing public disgust at their toxic inaction on fiscal policy in a simple way: They’d agree on the broad deficit reduction plan they could not settle on last month. The plan would include some short-term […]