US Debt Downgrades Will Keep Coming || CBO Projections

Win 500 Silver Eagle Coins, enter here: SUBSCRIBE to Our Channel: The United States debt was downgraded to AA from AAA by Fitch, who cited fiscal deterioration, high & growing gov’t debt burden, & erosion of governance relative to AA & AAA rated peers over last 2 decades that has manifested in repeated debt limit standoffs & last-minute resolutions. A bit of historical context to wrap our minds around this news and ongoing debt escalation. It took the United States 209 years to accumulate its first $1.8 trillion in debt by the year 1985.   But after this latest debt ceiling deal, the nation added $1.8 trillion in debt in a mere matter of 2 months.  So a growing Federal debt sum that took over two centuries to pile up rollover, has recently taken merely two months to match in nominal debt escalation. That will be all for this week’s SD Bullion Market Update. As always to you out there, take great care of yourselves and those you love. –––––––––––––––––––––––––––––– Celestial Gold by Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download: Music promoted by Audio Library Celestial Gold – –––––––––––––––––––––––––––––– Kochi by Lucjo Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: Music promoted by Audio Library Kochi – Lucjo