I watched some of the discussions from the talking heads this morning  wrt the decrease of the US credit rating and I've read some crap from  the TP trying to blame the downgrade on  Obama's "lack of a plan" (see McCain on "meet the press" this morning).  Not sure why anyone would buy that for even a second. S&P made  it pretty clear that the problems with the political process were the  cause. Read the press releases and listen to what David Beers of S&P  said when asked what the key thing was that drove them to announce the  downgrade:  "Our observations about the political process for much of  this year and the extraordinary difficulty that the parties have had to  come up with this agreement and come to a consensus...."  (link) Note that it's not debt level, it's the political process that motivated the downgrade.
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