The United States of America is no longer financially trustworthy.

Moody’s was the last hammer to fall. Basically, while federal spending is necessary for the economy and the country’s reputation there is not enough income. 

Just that simple. Republican leadership is irresponsible and willing to risk the USA Constitution and national security rather than asking the wealthy to pay tax revenue. There are several different mechanisms to support current spending but they are abandoned for hardship of the people. Expect more of the same.

Moody’s decision comes after decades of fiscal failure. This is a slide due to decades of failed leadership.

There is no miracle that is going to save the USA from the need for additional income. Raising taxes on the wealthy is absolutely necessary. The Congress needs to get on with it.