CHESSNOID

This video is a basic explanation of why they lowered our credit rating as a country. Honestly, I am not surprised they did it and they probably should have done it while President Bush was in office and not after the housing crash, the start of 3 wars, the failed government bailouts. Even this current president has sold us out to the corporations by giving them tax breaks (this reduces government revenues which increases the deficit) and accepting money from lobbyists.  Right now we borrow money to pay back money that we owe!

It is obvious we are maxed out on our federal government credit card and still paying many useless government employees who do nothing. This may offend the many government workers but really we see many slackers and incompetents in our federal and state systems that I am sick of paying with our tax money.