Top Items:

Standard & Poor's has been wrong before. But they're right now. — Standard Poor's decision to downgrade the United States has led to a lot of criticism of Standard Poor's. The White House called their performance, which included a miscalculation of about $2 trillion, “amateur hour.”
Discussion:
Washington Monthly, The Reality-Based Community and The Politico
RELATED:

S&P and the USA — OK, so Standard and Poors has gone ahead with the threatened downgrade. It's a strange situation. — On one hand, there is a case to be made that the madness of the right has made America a fundamentally unsound nation. And yes, it is the madness of the right …

White House: S&P downgrade is why Obama ‘pushed for grand bargain’ — The White House reacted to the Standard & Poor's downgrade of the U.S. credit rating by calling for more bipartisan compromise to “put our nation on a stronger fiscal footing.” — But the administration didn't miss the chance to say, in essence, “I told you so.”
Discussion:
CNN, Weasel Zippers and Le·gal In·sur·rec· tion

TRENDING: GOP candidates slam Obama after downgrade — Washington (CNN) - Republican presidential candidates issued harsh criticism of President Barack Obama Friday after the credit rating agency Standard and Poor's announced it was downgrading America's long-term debt status.
Discussion:
zerohedge.com/fullrss2.xml, The Politico, Firedoglake, AMERICAN FUTURE and Towleroad News #gay

Why S&P Has No Business Downgrading the U.S.
Discussion:
neo-neocon, Balloon Juice and Bark Bark Woof Woof


S.& P. Downgrades Debt Rating of U.S. for the First Time
Discussion:
The Huffington Post, The Lede, msnbc.com, Washington Monthly, Swampland, Washington Post, Gawker, UrbanGrounds, NewsBusters.org blogs, Mogulite and Online NewsHour

United States of America Long-Term Rating Lowered To ‘AA+’ Due To Political Risks, Rising Debt Burden; Outlook Negative

S&P Strips U.S. of Top Credit Rating
Discussion:
Fortune, Guardian, Swampland, Firedoglake and Corrente

US loses AAA credit rating after S&P downgrade
Discussion:
Politics, Exile On Wall Street, CRFB.org, Mother Jones, International Liberty and Outside the Beltway

Reid: S&P downgrade backs Dems' call for more revenue
Discussion:
Michelle Malkin, Weasel Zippers and JammieWearingFool

Boehner's Folly Leads To S&P Downgrade of US Debt
Discussion:
Outside the Beltway, Alan Colmes' Liberaland, HotAirPundit and Mother Jones

United States loses AAA credit rating from S&P
Discussion:
Hot Air, FT Alphaville, Firedoglake, National Review, UPI, Dow Jones Newswires, Conservatives4Palin, Pajamas Media, zerohedge.com/fullrss2.xml, CNNMoney.com, New York Magazine, Doug Ross, FrumForum, Sky Dancing, ThinkProgress, Guardian, Shakesville, CBS News, The Reality-Based Community, Scared Monkeys, Daily Kos, TalkLeft, blogs.abcnews.com, The Moderate Voice, Hugh Hewitt's TownHall Blog, The Right Scoop and The Agonist

S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact
Discussion:
naked capitalism, Wizbang, Discourse.net, The New Civil Rights Movement, Gothamist, The Huffington Post and Pajamas Media

Why the S&P downgrade was delayed
Discussion:
Washington Post, Balloon Juice, Pajamas Media, FT Alphaville, MarketBeat and Politics

Copter Downed by Taliban Fire; Elite U.S. Unit Among Dead — KABUL, Afghanistan — In the deadliest day for American forces in the nearly decade-long war in Afghanistan, insurgents shot down a Chinook transport helicopter on Saturday, killing 30 Americans, including some Navy Seal commandos …
RELATED:


Helicopter Crash in Afghanistan Kills Members of SEAL Team 6 — WASHINGTON — The Associated Press has learned that more than 20 Navy SEALs from the unit that killed Osama bin Laden were among those lost in a helicopter crash in Afghanistan. — The operators from SEAL Team Six were flown …
Discussion:
The Moderate Voice, Alan Colmes' Liberaland, Power Line, Telegraph, Runnin' Scared, Weasel Zippers and Fox News Insider


NATO copter shot down; dozens of U.S. troops killed — KABUL — A NATO helicopter was shot down during an overnight operation against the Taliban in eastern Afghanistan, a U.S. official said. The crash appeared to be the deadliest incident for the coalition in the nearly 10-year-old war …
Discussion:
Guardian, LewRockwell.com Blog, Outside the Beltway and The Moderate Voice


31 Americans Killed Including 25 SEALs in Helicopter Crash in Afghanistan
Discussion:
Online NewsHour, The Long War Journal, American Forces Press Service and Gawker

31 Americans, 7 Afghans killed in helicopter crash
Discussion:
Sense of Events, The Jawa Report, Wizbang, Weasel Zippers and Scared Monkeys


China tells U.S. “good old days” of borrowing are over — (Reuters) - China bluntly criticized the United States on Saturday one day after the superpower's credit rating was downgraded, saying the “good old days” of borrowing were over. — Standard & Poor's cut the U.S. long-term credit rating …
RELATED:

China Tells U.S. It Must ‘Cure Its Addiction to Debt’
Discussion:
ThinkProgress, Outside the Beltway, Balkinization, Hugh Hewitt's TownHall Blog and China Digital Times


Questions abound after agency downgrades U.S. credit rating
Discussion:
Xinhua News Agency, Alan Colmes' Liberaland and Poynter

Washington's uneasy alliance with Bahrain
Discussion:
Eunomia and The Daily Dish

The Tea Party, Take Two — In the four months since I began writing an Op-Ed column, the thing that has most surprised me is how darned liberal I sound sometimes. I know that seems like a strange thing to say, so let me explain. — Growing up in heavily Democratic Providence, R.I. …


Former Obama Economic Adviser on Downgrade: We're ‘Pretty Darn F—ked’ — Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+.
Discussion:
Breitbart.tv, The Lonely Conservative and The Gateway Pundit

Widener Law School goes Soviet, demands law professor undergo psychiatric evaluation — Lawrence Connell is a tenured law professor at Widener Law School in Delaware. I have noted in prior posts that Connell was accused of a wide range of racist and sexist conduct directed at students …
Discussion:
The Volokh Conspiracy and Althouse


Perry prays for the U.S. — HOUSTON — Texas Gov. Rick Perry prayed with more than 20,000 worshipers at an all-day Christian gathering here — and while he talked about God, not the Oval Office, he repeatedly hit on the themes that would drive his potential presidential campaign.
Discussion:
Runnin' Scared and The Note
RELATED:

Perry's prayer gathering sets stage for national attention
Discussion:
The Note

Mystery Romney supporter reveals himself after calls for investigation — Edward Conrad, a former executive at Bain Capital, has revealed himself as the mystery donor who gave a $1 million corporate contribution to a special political action committee supporting Mitt Romney.
Discussion:
The Political Carnival


Obama and the Narcissism of Big Differences — ‘He becomes visibly agitated. . . . He does not like to be challenged on policy grounds,’ says the House majority leader of the president. — New York — Whatever the rhetoric that preceded this week's deal, the debt-ceiling debate was never really about the debt at all.
Discussion:
Hot Air, PoliPundit.com and Power Line