Happy U.S. Credit Rating Downgrade Day! National Debt Has Jumped In Two Years Since

Happy U.S. Credit Rating Downgrade Day! Two years ago today, Standard & Poor’s downgraded the U.S. credit rating and, not surprisingly, it hasn’t recovered since. Despite 2012 campaign rhetoric and the liberal-media narrative, the downgrade occurred because the President and Congress failed to resolve the long-term spending and debt crisis. Within that time period, the President has failed to lead, hasn’t proposed any significant reforms, and the situation is even worse.