Why did Obama promise to veto any deal that would have saved the US's credit rating?

Well it is apparent that he doesn't care, and has no intention of fixing this mess.

You must be talking about Cut Cap and Balance, passed by REPUBLICANS, which S&P said would prevent the credit rating of the U.S. from being downgraded. Obama THREATENED to veto this bill, because it would put a strain on future government entitlements.

~Queen Nancy Pelosi

Merkon and the rest of you, I would strongly suggest you educate yourself so you don't look so foolish. S&P gave blame not only to our not wanting to increase revenues, but MAINLY due to our overspending on entitlement programs and a failure to come up with a fiscal plan to solve our debt problem (amoung many other reasons).

Obama simply refused to budge unless taxes were increased.

GOP refused to even discuss tax increases without some serious cuts in spending, with the Dem's flat out wouldn't even listen to.

Lots of blame to go around.....but since this mess was bought and paid for by Obama and his massive spending over the past two years....he needs to step up and accept the blame.

He just made a speech where he basically pointed his finger at everyone....but himself. Sorry excuse for a leader!

S&P also said that they wanted to see new revenues, which the tea party and the gop refused to adopt.

The GOP Tea Party were the ones who destroyed this credit rating, Not Obama. They were the obstructionists.

Not true. The actual question is, "Why didn't the GOP and Tea Party members agree to the ONE thing that would have saved the US's credit rating?"

S & P stated - quite specifically - that the downgrade was due to Congress' refusal to increase revenue.

bah-dump-bump

No, he said he would veto Boehner's bill, or any bill, that would force another debt vote next year.

his view is that since the bond yields are down and since people are buying Treasuries and their prices are going up, the downgrade does not have any effect. And this market crash is irrational. He just shrugged off the downgrade.

Obama offered $4 trillion in cuts - just what was ordered - but REPUBLICANS WALKED AWAY to protect their precious CORPORATE TAX LOOPHOLES.

Obama’s offer would’ve prevented it.

Reid’s plan would’ve prevented it (Republicans even filibustered that one)

Boehner’s plan would’ve guaranteed it.

Remove the extremists in the right-wing and we’ll get somewhere.

You can thank the tea party's idiotic intransigence on revenue enhancement for this predicament. Hope they're happy now.

I think he said he supported the gang of six plan which would have probably saved it?

he didnt threaten to veto anything...where'd you get that from? foxnews?