Really good reading material. Most interesting are 1, 3, and 5, for different reasons.
#1, although not strictly speaking on economics, is thought-provoking. Good governance is not always about just getting one's own way through brinkmanship.
#3 reminds us that this is not the end of the world, nor is it even necessarily a sign of the US's much talked about "inevitable decline."
Finally #5 should serve as a warning to not let the recent shenanigans in Washington distract from the tough economic realities we have been facing for a few years now and will continue to face however we go forward. The temptations is to listen to the media and throw up one's hands as if the current wrangling were the source or even cause of this downgrade by S&P. The truth is that the rating (and those of the Chinese agencies) reflects our economy's inability to climb out of its trough, due to long-term structural problems. True, solutions to some of those problems ought to come from Congress and the White House, but others have built up over the last 30 years. It would be unfortunate if voters, frustrated by our current political realities, responded by electing even more intractable or less experienced politicians.
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