Atlantic had a good article on reactions to the credit downgrade.

Warren Buffett said the US downgrade doesnt make sense.

I don't get it," Buffett told FBN late Friday night. In fact, Buffett reaffirmed his belief in the quality of the United States' credit telling FBN, "In Omaha, the U.S. is still triple A. In fact, if there were a quadruple-A rating, I'd give the U.S. that.

Paul Krugman wrote in a Times editorial that "everything I’ve heard about S&P’s demands suggests that it’s talking nonsense about the U.S. fiscal situation." http://krugman.blogs.nytimes.com/201...man&seid=auto# He added:

In short, S&P is just making stuff up — and after the mortgage debacle, they really don’t have that right. So this is an outrage — not because America is A-OK, but because these people are in no position to pass judgment.

Robert Reich, professor of Public Policy at Berkeley and former Secretary of Labor under Clinton said that S&P "has no business downgrading the U.S." http://robertreich.org/post/8542550924

Pardon me for asking, but who gave Standard & Poor’s the authority to tell America how much debt it has to shed, and how?... S&P’s intrusion into American politics is also ironic because, as I pointed out recently, much of our current debt is directly or indirectly due to S&P’s failures...

I realize this players talk so Snoop Dogg twitted

"US Economy downgraded #getyomoneyright"