"A terrible day," according to Commentary's blog. Tantamount to the arrival of the Visigoths outside Rome, circa 408 A.D., according to the always humorously snarky and depressed Mark Steyn. (They share the classical references, but Steyn is quite unlike the more intellectual, but never humorous and always depressed Victor Davis Hanson.) Both -- all -- are talking about Standard & Poor's downgrading of the United States to a less than triple A rating, for the first time ever.
I'll weigh in. I'll agree that it's not a good piece of news. But it seems to me that reading editorials for a lifetime will teach us that most pundits are wrong about most things. When I was growing up, pundits and wise men yelled and screamed about the environment, pollution, overpopulation, the rise of Brazil and Japan and yes, China, as the world's next superpower. And so on. What they never said Boo about was the rise of Islamic terror, because they didn't see it coming. And it has turned out to be the biggest problem the modern West faces.
Now they yell and scream "Downgrade," and about all the economic woe undergirding it. Agreed. But they are pundits. What is the big picture they are now missing? -- what grave threat will we all face in twenty or thirty years, that no wise man at the moment can see heading our way?