Obama is at fault and the Mainstream Media is at fault, but the main fault lies with the American people. They voted to re-elect the most incompetent President in American history simply because they want to continue getting their entitlements. Stockton, California recently decided to screw their bondholders in order to continue paying its public sector retirees their exorbitant retirement benefits. This also happened with General Motors. Any Conservative who did not vote this election needs to lose everything. Unfortunately we are all going to lose. Standing firm on the last Debt Ceiling would have shown the American people what will happen under Obama, but we have a Congress that only cares about getting re-elected.