From the Boston Globe:
So why is President Obama the villain in all of this? At what point are the Republicans going to admit their culpability in extreme debt over 8 years? Any time it is brought up, Obama is accused of trying to blame Bush. Well…we need to stop blaming anyone. However, facts are facts.
Financing 2 wars and a drug program and cutting taxes caused the problem. There was more going out than coming in. It is a relatively simple math problem. I liked having a tax cut. Who wouldn’t? But it contributed largely to our current situation, given our expenditures during the Bush years. Let’s all just be honest where it came from and come up with solutions to fix the problem rather that racing right up to the edge of the cliff over ideology.
The S & P also needs the American people to collectively give it the finger. Where was that agency before the Crash of 2008? Obviously playing switch.
