Both Standard & Poors and Moody's warn US knowing ceiling up in 2 months and Obama has already said he won't negotiate. Report, he's authorized to spend whatever he wants per 14th amend. Sec. 4

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Obama fails to pass a budget since April 2009 but the media will not allow Obama to be blamed. On 1/1/13, Obama scolded: "“Let me repeat, you can’t not pay bills that we have already incurred,” he said."...1/1/13, "Obama: No more debt ceiling," Human Events, Neil McCabe. May 2011, Obama budget failed in Senate 97-0.

1/3/12, "Fiscal cliff: US urged to tackle budget deficit," BBC

"US politicians have been urged to do more to sort out the budget by the two largest credit rating agencies.

The warning comes despite the US narrowly agreeing a deal to stave off the US "fiscal cliff" of spending cuts and tax rises worth $600bn (£370bn).

Rating agency Moody's said lawmakers would need to take additional steps to lower the ballooning budget deficit.

Rival agency Standard and Poor's added: "Washington's governance and policymaking had become less stable."

The deficit has topped $1tn in each of the past four years. Moody's said that if it failed to cut the deficit, the government's top credit rating could be at risk.

The fiscal cliff measures - $536bn of tax rises and $109bn of spending cuts - had been due to come into effect at midnight on Monday, but Congress agreed a deal to avoid the worst of the measures late on Tuesday....

The deal postponed the hardest decisions that Republican and Democratic politicians must agree on - spending cuts and dealing with the statutory limit on how much the government can borrow, the so-called debt ceiling.

The total amount of debt that the government can borrow is currently set at $16.4tn and the government is set to run out of money in the next two months if this limit is not raised by Congress.

During the last stalemate over the debt ceiling in the summer of 2011, S&P downgraded the country's top-notch AAA credit rating to AA+ for the first time.

S&P said on Wednesday that governance and policymaking in the US had become, "less stable, less effective and less predictable. We believe that this characterisation still holds."

A bipartisan commission was set up in 2010 to look at lowering the deficit. Following the deal to avoid the fiscal cliff, the chairman of that commission, Erskine Bowles, said: "They didn't do any of the tough stuff. We've taken two steps now, but those two steps combined aren't enough to put our fiscal house in order."

Moody's has a negative outlook on US government debt, a warning of a possible downgrade.

In September, it said that it would upgrade its outlook if politicians could agree on policies that "produce a stabilisation and then downward trend in the ratio of federal debt to GDP over the medium term"."...

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Obama budget defeated 97-0 in the Senate, May 2011:

5/30/11, "Washington is Broken, and Needs Leadership. Where is President Obama?" Senator Ron Johnson, RedState.com

"Last week, President Obama’s FY 2012 Budget was defeated in the Senate by a vote of 0-97. Let me repeat that, ZERO to 97. The President’s budget that was unveiled as THE solution to our long-term fiscal problems did not receive a single vote in the United States Senate.

This is a stunning indictment of the President’s lack of leadership and seriousness. I don’t know how many thousands of man-hours that over four inch thick, 2400-page budget document took to create, but it was a total waste of time and resources. That is a very sad fact. Instead of acknowledging this failure, the Administration and members of the President’s party have been viciously demagoguing the only other budget plans offered, and engaging in  

a concerted effort to scare the American public 

and financial markets over the debt ceiling limit."...

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 4/30/12, "Obama, Democrats not serious about passing budget," Sen. Ron Johnson, CNN

"On Sunday, April 29, it will be exactly three years since the U.S. Senate passed a budget.

If you own or work for a small business that has a loan from a bank, I'm quite sure your business has a budget -- and a rather detailed budget at that. Every year around tax time, many American families sit down to fill out tax forms, estimate their income, and set spending priorities for the upcoming year. It's the responsible thing to do.

And yet, Senate Majority Leader Harry Reid appears to believe it is not necessary for the Senate to fulfill its legal responsibility by debating and passing a budget to account for $3.8 trillion in federal spending next fiscal year, $15.6 trillion of debt and, according to figures produced by the Senate Budget Committee Republican staff, more than $65 trillion in additional unfunded liabilities."...

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