U.S. Credit Rating Deserves to Be Downgraded

By Bill Wilson

Last week, FOX Business host Neil Cavuto came forward with a dire prediction: Thanks to the rising $13.375 trillion national debt, a downgrade of the United States’ triple-A credit rating is imminent.
“For the first time in the history of the United States, our credit rating will get a nick,” Cavuto declared. “Let me be clear, in the next few months — you heard me right, months, not years — a credit ratings agency will downgrade U.S. debt.”

Is Cavuto merely being provocative, or was he telling the truth? I’m inclined to think the latter.
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