Cesar Fernandez-Stoll

Good for Toronto Mayor Rob Ford for resisting the 'pressure' and putting his family first. It is important to see through the insistence for his assistance, because it is being said that this is a spectacle that bring tourism to the city and it is not 'political' even though politicians are being dragged to the disgraceful event with the purpose of engaging political acknowledgement and recognition.

The problem is not S&P and it is not just one or another potential 'victim' should the budget force a credit downgrading. The problem is how the finances are administered. Expenditures need to be cut to the minimum, not just because there never will be enough money to accommodate them, but because they are all fake, all illusions of very bad economics. Like the sub-prime mortgages that pretended that a family earning $10,000 a year could ever pay a $200,000 mortgage.