Sometime within the last three weeks, President Obama talked about how seniors were going to be affected if the debt wasn't increased. He painted pictures of empty mailboxes for the elderly all over the country.
Yesterday I saw a clip of him denouncing the credit rating downgrade, that the USA is a triple A country and can be counted on to pay its debts.
There has to be some hidden factor to reconcile these two statements unless you want to admit that one or both are a lie.
By the way, changing the rate of spending from 4 trillion to 2.4 trillion is not a reduction of debt. 6.4 trillion in debt a few years from now when it's 4 trillion now is not a reduction. It's 60% raise.