S&P Negative Outlook on U.S. Debt

Washington's Blog, posted at Ritholtz:

The real problem is that both Democrats and Republicans want to fund endless wars, give endless bailouts to the too big to fail banks and corporations, and perpetuate the expensive Ponzi scheme of printing money out of thin air.

I would also add that each side promises it's base that they will pay less in taxes, then they compromise and nobody pays more in taxes.  This has gone on for too long.