Who is Dumber - Socialists or Debt Rating Agencies?

I am starting to doubt that the last nation on Earth which I thought can think logically is capable of doing so... In America democracy never really functioned as a Europeans style social-democracy, up to now it has been more of a fancy oligarchy. Politicians come from families of politicians just as bakers come from families of bakers. Recently, however, it seems that even this "natural aristocracy" is really just as full of low-lives as the rest of the populace - or, as Plato would say, they really have bronze souls. But at least there is still some gold and silver mixed in with the base metals in that country! There seems to be a slim chance for my dream to come true, i.e. for the Americans to finally stop socialism and not raise the debt ceiling. The world's most powerful socialist, President Obama, is trying to have it otherwise though. Luckily, however, his arguments are the weakest I've heard in a long time. To put it bluntly - he is not making sense at all.
Let's use one example which all socialists (and fascists) have used to greatest effect in the past: scaring people into doing what they want them to do. Mr. Obama said that if the debt ceiling is not raised, the USA might lose its excellent AAA credit rating. Now let's think about this for a moment... He is suggesting that America should borrow money (i.e. grow its debt) in order to pay off interest on previous debt. In what way would this kind of move be good economic policy? And how can an entity which borrows more money in order to pay off previous debts still have a AAA rating in the first place!?
I seem to remember that Americans were recently ranting how terrible and lazy the Greeks are for having such huge debt levels and having to be bailed out. Newsflash - America is in pretty much the same position! And Americans are not that lazy (that is one thing which is certain about Greeks and, in fact, most Europeans), which means the high debt levels must be due to something else. I suggest self-important socialistic politicians and their greedy corporate cronies. Do we really want to give those people more money?

Americans should pay more attention to the greats in the elites of their past (before the bronze was mixed into the gold). Thomas Jefferson famously wrote of public debt: "I say, the earth belongs to each of these generations during its course, fully and in its own right. The second generation receives it clear of the debts and incumbrances of the first, the third of the second, and so on. For if the first could charge it with a debt, then the earth would belong to the dead and not to the living generation. Then, no generation can contract debts greater than may be paid during the course of its own existence."
Is Mr. Obama really a greater authority than the author of the Declaration of Independence?