While the screeching on the left continues, attempting to smear half the American populace, the nation’s credit rating is in jeopardy.
One particular paragraph should catch your eye:
These measures of the U.S. debt burden include federal debt to revenue, estimated to average 397% of gross domestic product until 2020. The ratio of interest to revenue, meanwhile, is expected to rise to 17.6% by 2020, nearly double last year’s level. These are “quite high for an Aaa-rated country,” Moody’s said in its report.
Anyone else see the problem here?
These measures of the U.S. debt burden include federal debt to revenue, estimated to average 397% of gross domestic product until 2020. The ratio of interest to revenue, meanwhile, is expected to rise to 17.6% by 2020, nearly double last year’s level. These are “quite high for an Aaa-rated country,” Moody’s said in its report.
