Research

For the past year, President Obama and Congressional Democrats have been ignoring the American people, 73 percent of whom want to start over on health care reform or stop their government-run health care experiment altogether. But The Financial Times notes that Obama is not only ignoring the American people; he’s ignoring experts who say that Obama’s binge spending is threatening American’s credit rating:

Moody’s Investor Service, the credit rating agency, will fire a warning shot at the US on Monday, saying that unless the country gets public finances into better shape than the Obama administration projects there would be ‘downward pressure’ on its triple A credit rating ... Standard & Poor’s warned last week the triple A status of the US was at risk unless the country adopted a credible medium-term plan to rein in fiscal spending.

With a projected record $1.6 trillion deficit this year and a $9.76 trillion ten-year deficit, you would think that an American president would take the message from these two ratings agencies seriously. But just as he has ignored the “warning shots” from folks he’s meeting in Ohio today and voters across the country, he’ll be ignoring the “warning shots” from Moody’s and S&P as well, continuing his binge spending that might turn America into the next Greece.