For example, Harry Reid stated in response to the news:
The action by S&P reaffirms the need for a balanced approach to deficit reduction...instead of hardliners who have already ruled out the balanced approach that the markets and rating agencies like S&P are demanding.So the question is: who is really to blame? Is it Republicans for demanding that Democrats cut over-spending and balance the budget? Is it President Obama for leading from behind? Is it Democrats for over-spending and blaming others instead of actually doing anything? Maybe President Bush somehow? Or some combination?