“I would downgrade us in a minute. I would, knowing what I know.”

Sen. Tom Coburn on the USA’a AAA credit rating.

Mr Coburn had just dropped out of the “gang of six” senators who had been working on a deficit-reduction plan similar to the one advocated by the Bowles-Simpson commission, saying their talks had come to an impasse. A few days later, Senate Democrats announced they would not be presenting a budget. Thus, as the May 16 deadline passed, prospects for an agreement receded.

http://www.ft.com/cms/s/0/262abf08-849a-11e0-afcb-00144feabdc0.html#ixzz1NAmsoXvC