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Let’s start with S.& P.’s lack of credibility. If there’s a single word that best describes the rating agency’s decision to downgrade America, it’s chutzpah — traditionally defined by the example of the young man who kills his parents, then pleads for mercy because he’s an orphan.

http://www.nytimes.com/2011/08/08/opinion/credibility-chutzpah-and-debt.html?_r=2