5 Governance Problems That Contributed to U.S. Credit Rating Downgrade - Darrell West

The recent decision by Standard & Poor's to downgrade its credit rating of U.S. government debt from AAA to AA+ resulted not from lack of money, but poor governance performance by federal officials. A number of long-term trends has paralyzed policymakers and made it difficult to address pressing problems. Unless these conditions improve, it will be difficult for elected leaders to address the budget deficit.

(1) Super-Majority Requirements in the U.S. Senate: The dramatic increase in real or threatened filibusters in the U.S. Senate has moved American democracy from majority to super-majority rule.

(2) Extreme Politics in the U.S. House of Representatives: The American public has expressed its support for sacrifice on the part of all Americans to close the budget deficit and is open to a range of policy proposals. But House extremists block action and keep Congress from taking reasonable steps to address the deficit and debt.

(3) Excessive Political Polarization Across the Country: The United States has the most polarized politics that we have seen in a number of decades.

(4) Partisan Redistricting in American Elections: The rise of extremist politics arises from legislative redistricting that creates homogenous districts which are not politically competitive.

(5) Low Voter Turnout Encourages Political Leaders to Play to the Base: Only around 40 percent of eligible Americans vote in congressional elections and 60 percent vote in presidential races. These low turnout rates create incentives for Republicans to play to conservatives and Democrats to focus on liberals.

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