Weiss Ratings’ to S&P, Moody’s, and Fitch: Downgrade the Long-Term Debt of the United States Before It’s Too Late

You are the world’s three dominant rating agencies, largely controlling the ratings of bonds and debts issued by thousands of corporations, municipalities, and sovereign governments. I am the chairman of Weiss Ratings, an independent rating agency. (See Weiss Ratings’ press release on MarketWatch or “Weiss Is Returning to Ratings Business” in the Wall Street Journal.) And today, I challenge you to promptly take the bold action that you have so far avoided — to downgrade the long-term credit rating of the U.S. government. The risk factors impacting U.S. government debt, which I will summarize below,…