Florida Governor Ron DeSantis called out President Joe Biden’s disastrous economic policies this week that have led to one of the “Big Three” credit agencies lowering the United States’ rating by a tick on Tuesday.
Fitch Ratings downgraded the country’s Long-Term Foreign-Currency Issuer Default Rating from top-rated “AAA” to “AA+” in a move that could lead to higher interest rates and borrowing costs. It follows the federal government narrowly avoiding a default on its debt earlier this summer and several weeks ahead of a possible shutdown if a politically-divided Congress fails to come to an agreement on spending for the next fiscal year.
“@FitchRatings’ downgrade of the nation’s credit rating from AAA to AA+ is a result of frivolous spending and ballooning national debt for programs like the CARES and ‘Inflation Reduction’ Acts,” DeSantis wrote on Twitter. “Florida’s AAA rating remains the standard-bearer, serving as the nation’s blueprint for…
