They were warned- S&P downgrade US

They were warned. Mr. Obama, Mr. Reid, Mr. O'Connell, Mr. Boehner, Ms. Pelosi, and all the rest who voted for this debt deal disaster. They knew that S&P had warned of a credit downgrade unless they got the financial house of the American government in order. They knew that a $4 Trillion reduction in the deficit was considered the minimum necessary to keep the credit rating. They knew that new taxes would kill any possible recovery. The Tea Party also warned government leaders of the threat to America's credibility, but they, like S&P, were ignored, demonized, or belittled. There is not room, said Congressional leaders, for Principles, only Compromise at any cost. So Congress and the President came up with a workaround for the President's tax demands- they put authority to increase taxes in the hands of an unaccountable, and Constitutionally dubious, Congressional committee. They came up with a deal to dig America's debt grave deeper by $2.5 Trillion- the largest debt increase in history, yet mostly already spent.

The credit rating agencies already know this debt will be hard to repay, and they know there is little likelihood that our Congress will have the backbone to cut spending. So America's cherished AAA credit rating is downgraded. In response, our government villainizes the credit agency, and denies any responsibility.

This Congress and this President need to be held accountable for this financial boondoggle, and those Tea Party Freshmen who had the backbone to stand against this "debt deal" should be recognized.