The bond rating service Fitch just announced that America's sovereign debt is being put on "downgrade watch" and said we might lose our AAA rating.
You should not put great stock in sovereign debt ratings, especially for large well-known and well-covered countries like the United States of America. There's no actual informational content in this action beyond the obvious—the apparent institutionalization of Republicans using the debt ceiling as leverage for policy concessions has made American debt riskier than it should be—but it's a nice symbolic moment for this week of political and economic crisis.
TODAY IN SLATE
False rape accusations exist, and they are a serious problem.
Scotland Votes to Remain in U.K.
There’s a Way to Keep Ex-Cons Out of Prison That Pays for Itself. Why Don’t More States Use It?
The Music Industry Is Ignoring Some of the Best Black Women Singing R&B
Can Democrats Keep Counting on Republicans to Offend Women as a Campaign Strategy?
Theo’s Joint and Vanessa’s Whiskey
No sitcom did the “Very Special Episode” as well as The Cosby Show.
The Other Huxtable Effect
Thirty years ago, The Cosby Show gave us one of TV’s great feminists.