S&P says there is a 33% change it may lower our bond rating over the next couple of years. What was the catalyst? Barack Obama’s speech last week.

Also, Saxby Chambliss has gone wobbly, lashing out at conservatives and saying the leviathan needs to be fed.

We’ll discuss all that and more on the Erick Erickson Show tonight on WSB starting at 7:05 p.m. ET. You can listen live at http://wsbradio.com and call in at 1-800-WSB-TALK.

Consider this an open thread.