S and P backsliding

“What we mean by credible is something that we think people are actually going to do,” David T. Beers, managing director of sovereign and public finance ratings, said in a recent interview.

David knows the difference between willingness to pay and ability to pay, as per prior discussion.
Here he’s implying there is an issue with ability to pay, which makes him part of the problem and not part of the answer.

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