America’s Debt Rating Downgrade Shows Washington Is Still Building Back Bankrupt
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hile the press and the American people focused on the Justice Department’s latest indictment of President Trump, another no less significant event was taking place on Tuesday afternoon. Specifically, Fitch Ratings announced it had officially downgraded the United States’ credit rating.
Fitch’s statement said that “the rating downgrade … reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance … over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.”
Presidents and politicians have ignored the serious fiscal problems within our nation — and we will soon face a reckoning.
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