Interesting indeed wolfie .... the extremist-in-charge misusing his bully pulpit in attempts to frighten seniors into believing their SS checks might not be sent out (an obvious lie as almost all other debt legally must be put on hold before such a default could occur), then these claims were parroted endlessly by the extremists minions and the MSM press as further attempts were made to force seniors to contact their conservative representatives and get them to acquiesce to the demands of the libs for a tax increase as a part of the "deal", this of course backfired since many seniors KNEW this was BS.

Then there were the daily rancorous calls by the other extremist libs claiming failure by conservatives to agree to tax increases and fewer overall spending cuts in the bargain would in turn lead to default on the govt to cover their international debts which of course was another bold faced lie put forth by the libs/dems as again legally the Treasury Dept. had no legal right to NOT pay the debt prior to making whatever other necessary financial dispersement adjustments would be required after covering SS and the debt payments.

In the final analysis after the dust finally settled Standard and Poors has downgraded the credit rating of the US govt and have stated their reasoning was that the proposed spending cuts were too few and that the bulk of the proposed cuts were too far into the future to insure they would ever materialize (you might not really grasp subtle things like the realities of congressional governance and limitations and such wolfie but NO future congress can be limited by the actions of previous congresses policies).

All this now shakes out as there were not large enough immediate cuts, no cuts had been made to the overall largest drivers of the expanding national debt, SS, Medicare and Medicaid, relevant to the overall increase of govt spending and inherent increases to the extension of basically more unsecured govt debt having been agreed to so an agency like Standard and Poors who are charged with accessing an overview of a debtors debt level relative to their ability to repay it has now downgraded the US' rating for all the above.

The "extremists" who forced this scenario however were the libs who wanted 1st a debt increase without ANY cuts, then agreed to "some" cuts so long as the bulk of 'em occurred so far in the future as to be unenforceable while increasing the national debt above its already scandalous and insupportable limits, all the while daily screaming about how the conservatives, who had presented, voted and passed a plan some time back, with the libs, dems and deceiver-in-charge never having offered a single documented plan of their own were somehow portrayed as the obstructionists EVERY FUCKIN DAY until the final agreement was voted in.

Then after the bill was passed the extremist libs still weren't satisfied until they had called the Tea Party folks economic terrorists, likened them to suicide bombers or as the illustrious Chuck Schumer quipped had essentially held guns to their heads in getting an agreement worked out regarding the debt debacle and the FAA funding debacle where he and other libs, Harry Reid et al perpetrated another huge lie in claiming 74,000 US jobs and US air travel safety were at risk because the conservatives failed to agree to fund the FAA bill, which in turn was a string of lies since the House had already voted and passed the FAA bill which BTW affected less than 24,000, not 74,000, none of which even involved in any way areas related to air travel safety as the dems had claimed and the real hold up in getting funds to the FAA was the dem controlled senate failing to have approved the house passed bill because it also sought to keep the playing field level in union negotiations, which the dems refused to agree to and eventually chose the rats way out by allowing Ray LaHood to circumvent that part of the bill before they would agree to pass it.

Yep, in light of Standard and Poors downgrade and the reasons they gave for it all libs like yourself have still done your damnest to twist reality into something a 5th grader could see through in blaming the Tea Party for trying to hold the line on increasing our unsustainable debt levels, cutting the size and spending of govt NOW, not in an uncertain and unknowable future.

I said earlier the Tea Party would be wrongly blamed for this and it didn take good ol wolfie long to jump right in and do so. Thanks for not disappointing me there dude