Despite all the numerous claims made by the left that failure to increase the nations debt by $2 trillion dollars would inevitably cause the nations credit rating to be downgraded, all major credit rating agencies are predicting just that. This is perhaps the clearest example of the lefts ineptitude at financial matters. Not only is it illogicalit is so easily disproven that it defies any rational ability to explainit is simply false. Any responsible adult can see just how absurd that mentality is. Like Ive stated several times, too many to count, every time a credit rating downgrade was threatened since 2008 the reason cited was the amount of deficit spending, lack of fiscal discipline, and glacial economic growth. Is there any liberal out there that disputes this, or can provide a news article that contradicts this fact? Not one time has lack of taxation been cited as the motivating factor behind America losing its prestigious AAA credit rating. Well now that Congress has raised the nations ability to incur additional debt, which will now rival the GDP, Moodys Investors Service is once again warning that a credit downgrade is rapidly approachingand shockingly enough the reason given is concern that fiscal discipline may erode, further debt reduction measures wont be adopted and the economy may weaken (U.S. Faces First Downgrade on Debt, Slowdown: Moody). The question is now is: when the inevitable happens, and Americas credit rating is downgraded, what happens? Do any of the leftists that were championing our demise--raising the national debt-- understand the result is higher interest rates on the unprecedented $16,000,000,000,000 debt; each American family owing somewhere in the ball park of $50,000. What happens when the Treasury auctions off its T-bills and no one buys? The answers to these questions are far beyond the intellectual ability of those envious, jealousy-motivated, hate-filled so-called progressives. They view this country with contempt. They believe Americas success created more negative than positive. This president has said these things, and the left is collectively anticipating the demise of America. This president is proudly presiding over an America in decline.