Credit Downgrade... Is anyone concerned!?!?

I can't believe our leadership in this country. Yes this means Democrats AND Republicans. With the exception of a small segment of the Republican party (yes the Tea Party) everyone is in denial. On Friday evening our debt was downgraded for the first time in the history of the country and all I have heard is it's the Repulican's fault, it's the Democrats fault and on and on... Now I just received a CNN Breaking News alert that says the following:

President Barack Obama presented a reassuring assessment of the U.S. economic situation Monday, calling the country's problems "imminently solvable."

Obama spoke as the Dow continued its day-long slide, falling below 11,000 at one point for the first time since November.

"No matter what some agency may say, we've always been and always will be a triple-A country," Obama said.

Investors are reacting to Friday's downgrade of the U.S. credit rating from AAA to AA+ by Standard & Poor's. S&P on Monday downgraded mortgage lenders Freddie Mac and Fannie Mae.

When do you think they are going to wake up and say "maybe spending more won't solve all of our problems?" By saying "No matter what some agency may say, we've always been and always will be a triple-A country" we are clearly in denial. If they, and we as a general public, don't wake up soon this will only be the start of our troubles! We can't continually spend and not expect their to be a negative impact.

One other thing... How can people actually blame the Tea Party for this? The only reason they held off on downgrading the credit rating for as long as they did was because there was hope that the Tea Party would be able to push Washington to make substantial cuts. In the end all that we end up with a symbolic cuts that will do nothing and S&P finally called it out. It is time for change...