The country was shocked by Monday's surprise announcement by Standard and Poor's that it was downgrading America's credit rating outlook to negative.
But the move came as no surprise to the Obama team, which reportedly had been in weeks of talks trying to avert the move.
Fox News has the story here.
The fact that President Obama knew the downgrade was in the works makes his budget address last week even more unacceptable.
Rather than face the fact that America's entitlement programs have overrun our ability to pay, Mr. Obama pledged to keep entitlements intact; and instead anchored his "solutions" in class war rhetoric of tax the rich.
We need an adult in the White House willing to begin our restoration. Mr. Obama appears to have neither the time nor the interest of fulfilling that role as he gears for a reelection campaign.
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