Why do we pay their salaries? If my TV repairman was this bad at his job, he’d have been long gone. With so much to lose and so much at stake, how does such incompetence gain so much power?
Standard & Poor's placed the U.S. rating on negative outlook on April 18 which meant a downgrade is likely in 12-18 months.
"They are worried they are having these ideological arguments while Rome burns," said Carl Kaufman, portfolio manager at Oster weis Capital Management in San Francisco.