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"Pollin, Robert | Heintz, James | Diomande, M. Ahmed Why U.S. Financial Markets Need a Public Credit Rating Agency Publication Date: 7/10/2009"

"By understanding that money is simply credit, we unleash it as a powerful tool for our communities. "

If the banks can create trillions of dollars in credit out of thin air for lending, why can't the government create it for the people? Read about introducing $2.5 trillion of debt-free money into the economy (via the Cook Plan). Pretty radical suggestions here. But they make sense to me.

Who is Standard & Poor's to tell America how much debt it has to shed in order to keep its credit rating?