America's Tragic Decline -- Resistance Bursts Out All Over the World, While We Do Nothing to Fight Corporate Takeover

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In its report, S&P explicitly blamed the political process in Washington and the refusal by Republicans to raise taxes as part of last week’s agreement to raise the debt ceiling, writing, quote, "We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act," they said.

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