Washington politicians attacked each other over the debt ceiling bill. Cut a deal. Spending went up. Debt piled up. And Fitch Ratings lowered the government’s credit rating.
What did politicians do?
They attacked Fitch.
Now a major bank analyst tells us debt is about to get a lot worse – increasing by $5.2 BILLION EVERY SINGLE DAY.
Watching Political Showmen attack each other can be entertaining – at least, until the bill comes due. As a businessman, I’ve watched people struggling to pay their debts. In a shaky economy North Carolina needs to pay down its state debt before the ‘chickens fly home to roost.’ Will politicians do that? Not likely.