Yes, but many of us want to raise the cost of Congressional debt

Investors in the US government bond market could face losses of up to $100bn if the largest economy loses its triple A rating, according to a research arm of McGraw-Hill, the parent of Standard & Poor’s.
A ratings downgrade that results in higher bond yields and lower prices could also mean the US Treasury paying $2.3bn-$3.75bn a year more in interest on financing a $1,000bn annual budget deficit.

“If Standard & Poor’s or any of the other major rating agencies downgrade the US, Treasuries would likely drop in value, possibly by as much as $100bn,” said analysts at S&P Valuation and Risk Strategies, a research team separate from the agency.

Stan Collender is buried in his entanglement and from where he stands, only the foolish would want to raise the cost of Congressional spending.

Remember, democracy does not exist in our Senate, and much of the mess in Washington is due to that problem. A good deal of the electorate has come to the conclusion that Congress engages in waste. Americans normally engage in government destruction when government is undemocratic.

The real rating agency has already spoken in the 2010 Congressional election, and the verdict in the democratically elected House is that we are debt constrained. Imposing Stan's dictatorial view of policy won't change the verdict..