S&P downgraded the credit rating on our country’s bonds. How did this happen? What does it mean to you and me? Most importantly, how does our country get its AAA rating back? If we are all going down in financial flames, should we file the biggest bankruptcy case in the history of the planet with the World Court? In this episode, Bob is joined by Reason Magazine’s Associate Editor, Peter Suderman. They will Standard and Poor’s downgrade, what it says about how our country is governed and how it reflects the financial stewardship of the Obama administration. Bob has spent 45 years in the world of credit. No one knows it better, except perhaps his guest, Peter.