US Credit Rating Cut… Again

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Record debt that has doubled since Obama’s inauguration lead to the credit rating of the United States being cut once before. The first time ever that our credit wasn’t rated at the highest level of AAA+. It has now been downgraded yet again from AA+ to AA-.

And this during the administration of a man who promised he’d cut the deficit in half and that if he didn’t he shouldn’t be elected to a second term. He was highly critical of President Bush even calling his high spending unpatriotic. Yet Obama has spent more in his single unfinished term than Bush spent in two terms. In fact, no president in history has spent as many of our tax dollars as Barack Obama and now our credit rating has suffered a large blow, threatening the dollar, our economy and our future.

Source: http://www.cnbc.com/id/49037337

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