S&P’s Credit Downgrade for the U.S: Its Significance to Nonprofits and Communities (The Nonprofit Quarterly): “… its downgrading of the credit rating of the U.S. is, nevertheless, a powerful, serious and very conscious act, albeit mostly symbolic. But symbols are powerful [... And] if you listen to the television pundits, they seem to be floundering about how important the credit downgrading is, how the markets will react, and whether the solution is raising more revenues, cutting deeper into spending, reworking entitlements, or all of the above.” The NPQ points out that the nonprofit sector has not yet weighed in on the downgrade and what it could portend, and points to several areas of the S&P report that hold particular significance to that sector; but the article also adds that those points are, for the most part, old news. Do you agree or disagree? Let them know! Continue reading
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