For those watching the Euro debt crisis, you are getting a preview of what will be happening here. Maybe in just a year or two. Fiscal conservatives are being dismissed out of hand in debate, in no small part due to the Tea Party / Paulian thing.

investors.com
Excerpt
In the wake of the financial crisis and recession, Moody’s Investors Service has brought new transparency to its sovereign ratings analysis — so much so that 2018 lights up as the year the U.S. could be in line for a downgrade if Congressional Budget Office projections hold.