S&P downgrades the US's credit rating...due to the SIZE of the debt.
Obama and the democrats knew a downgrade of the credit rating was coming due to the massive federal debt. Still they demanded an increase in the debt ceiling, and along with their lackies in the media, demonized the Tea Party by saying that we would lose our AAA+ rating if we were not allowed to borrow even more money.
Never let a crisis go to waste...indeed!