Who's Fault?

  It's interesting isn't it?  Now that S&P has downgraded the country's Credit Rating - all of a sudden it's Obamas fault, or Geithners fault.  All this immediately after the President caved in to Republican demands.
  Here are some items I found this morning on "The Hill"(http://thehill.com/):
Boehner blames Democrats for S&P downgrade.  Whoever is at fault (hint: who did not want any revenue items?) we are all going to pay.


“Republicans have listened to the voices of the American people and worked to bring the spending binge to a halt," he said in a statement. "Unfortunately, decades of reckless spending cannot be reversed immediately, especially when the Democrats who run Washington remain unwilling to make the tough choices required to put America on solid ground.


"It is my hope this wake-up call will convince Washington Democrats that they can no longer afford to tinker around the edges of our long-term debt problem," he added.


While S&P dismissed the recent deal to raise the debt limit while cutting into the deficit as insufficient to protect its credit rating, Boehner touted the cut-heavy package as a "positive first step."


S&P downgrades US credit rating


The United States has suffered the first downgrade to its credit rating in history, as Standard & Poor's has reduced the nation's rating from AAA to AA+.


The credit rating firm said the recent plan to raise the debt limit while reducing the debt "falls short" of its expectations, but also offered broader condemnations of America's political process.


S&P said it was "pessimistic" about the ability of Congress and the White House to reach a broader plan to rein in the deficit "any time soon."


Boehner wants Geithner out at Treasury


"The President should demand that Secretary Geithner resign and immediately replace him with someone who will help Washington focus on balancing our budget and allowing the private sector to create jobs," Sen. Jim DeMint (R-S.C.) said in a statement Friday.


"For months he opposed all efforts to reduce the debt in return for a debt ceiling increase. His opposition to serious spending and debt reforms has been reckless and now the American people will pay the price," DeMint said.

All words in purple are not mine



The Markets won't like it.



Tax Cuts it turns out are not so good