If Obama had just listened to the group of people he commissioned, we would not have been downgraded. Smaller segment of this larger one above.
Medved takes a call from a listener who blames the TEA Party for the downgrade. Smaller segment of this larger one.
Hot Air has this update to a post about what the S&P wishes to see:
Update: If we don’t stabilize and reduce our long-term liabilities soon, we’ll get downgraded again, says S&P:
The credit rating agency’s managing director, John Chambers, tells ABC’s “This Week” that if the fiscal position of the U.S. deteriorates further, or if political gridlock tightens even more, a further downgrade is possible.
Chambers also said Sunday that it would take “stabilization and eventual decline” of the federal debt as a share of the economy as well as more consensus in Washington for the U.S. to win back a top rating.
He puts the odds of another downgrade at 3:1. I’d call it even money, at least while Democrats continue to blame the Tea Party for, er, wanting to do exactly what S&P demands.
Gov. John Kasich (R-OH) explains how Ohio turned its greatest fiscal shortfall into a structurally balanced budget, all while cutting taxes for every Ohioan. S&P recently upgraded Ohio’s credit rating. (h/t Gateway Pundit via Free Republic):