Moody's is becoming that kid from "Better off Dead" who wanted the two dollars.He's referring to this. My own feeling is that the behavior of the ratings agencies through this thing, such as this episode, really was about as good as their behavior has always (at least in the last few years) been: a disgrace. I'd like to see Democratic Senators haul them all up for a hearing, to question why they suddenly discovered the debt just when it meant making the debt limit battle a bit more difficult. Of course, regular readers will know what I don't consider the federal government debt to be a significant problem, other than to the extent that policy makers foolishly adopt austerity programs when they shouldn't be. So your mileage may vary.
Regardless -- Weigel gets the CotD mainly because I'm always for a Savage Steve Holland reference. Well, that, and I wanted to make the Senate hearings point. Well, mostly the Savage Steve Holland thing. I just watched "How I Got Into College," the third and least great of his three great movies, again, and so I was all primed for it.
Oh -- great catch!