But he said he “will not compromise” over his insistence that Congress lift the federal debt ceiling. The nation’s credit rating was downgraded the last time lawmakers threatened inaction on the debt ceiling, in 2011. “Our families and our businesses cannot afford that dangerous game again,” Obama said.Our credit rating wasn't downgraded merely on a suggestion Congress wouldn't act to raise the limit, it was downgraded because not enough action was taken:
S&P lowered the U.S. one level to AA+ while keeping the outlook at “negative” as it becomes less confident Congress will end Bush-era tax cuts or tackle entitlements. The rating may be cut to AA within two years if spending reductions are lower than agreed to, interest rates rise or “new fiscal pressures” result in higher general government debt, the New York-based firm said yesterday. “The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” S&P said in a statement late yesterday after markets closed.Will the media point out this disparity?
Wait, though. Read the top link carefully, watching the quotes. Did Obama actually make reference to the rating being lowered simply due to lawmakers threatening 'inaction' or did the AP story writer make that editorial suggestion? It would appear the latter, based on quotes. Which seems to answer the above question.