Actually it’s been in progress for decades but Bush greatly accelerated it and then Obama put it into ‘warp’ speed!
TARP covered us with debt and then Obama quadroupled down on it!
S&P, MOODY'S Warn On USA Credit Rating
LONDON—Two leading credit rating agencies on Thursday cautioned the U.S. on its credit rating, expressing concern over a deteriorating fiscal situation that they say needs correction.
Moody's Investors Service said in a report Thursday that the U.S. will need to reverse an upward trajectory in the debt ratios to support its triple-A rating.
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