Did S&P downgrade the US because we failed to raise to manage entitlements & raise revenue?

I'm sorry, I just had a terrific answer and Y!A wouldn't let me post it. I'll shorten it and try again...

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

~ Woodrow Wilson

and we failed to lower the deficit, something Obama should have listened to the Tea Party and we would not have a rating decrease

We failed to cut enough spending from the budget. So....... this happened.