I am so pleased you have seen the light of day and give President Obama the 100% credit he deserves "for his irresponsible spending"<quoted text>
First you said that it's 100% the House's fault we were downgraded. This elimitates every other administration from the past and all other branches of government placing blame solely on the shoulders of the current House.
Second, you re-stated that spending bills come from the house. Given statement one on who's fault this is makes your second statement about where spending bills originate imply that the House has sole authority over those bills which is completely inaccurate.
Lastly, you eliminated all responsibility for this mess from every previous government we have ever had. This says that no other administration has contributed to this mess in the history of our country and that the single act of not passing a bill is the reason for the downgrade. It also implied that no other method would have prevented a downgrade such as spending within our means (WOW what a novel idea). You yourself have blamed Bush on countless occasions for his spending actions which supposedly caused Obama to have to do more of what you blamed Bush for which seems to be ok with you since it's a liberal doing it. Completely hypocritical.
Now on what I said, Our credit rating was stellar until Obama started to "lead". Other administrations had certainly done damage to place us in the mess we found ourselves in (Bush included). However, when Obama and Pelosi were handed the checkbook and they saw all the red ink, that was their opportunity to change course so the problem could be fixed. What did they do instead? They sped up the very thing that other administrations had done. This caused the credit agencies to do their own forcasting of what that level of spending would do to this nation since Obama showed no signs of slowing his out of control spending. They were left with no other alternative besides a downgrade. I believe that if Obama had even remained at the current outrageous and unacceptable levels of spending that we would have never been downgraded but we will never know. All things said, I'll give Obama 75% blame and past administrations 25% though I still feel he deserves 100% for his irresponsible spending.
Thanks to that, look what happened-----
After four years of budget deficits in excess of $1 trillion, the nonpartisan Congressional Budget Office forecast Tuesday that this yearís deficit will plummet to $642 billion, or 4 percent of the nationís total economic output.
Thatís $200 billion lower than the CBO forecast in February. Analysts attributed the sunnier outlook to higher-than-expected tax revenue and about $95 billion in higher payments from mortgage giants Fannie Mae and Freddie Mac, which are profiting from a recovering housing market.
The forecast puts the nation on track for its smallest deficit since 2008, before the recession hit in full force. And the CBO predicts that the gap between revenue and spending will continue to shrink through 2015, when it will fall to just over 2 percent of the economy ó well within the bounds of what economists consider to be economically sustainable.