WASHINGTON, D.C. — In response to Fitch Ratings decision to downgrade the United States of America’s Long-Term Foreign-Currency Issuer Default Rating to “AA+” from “AAA,” Adam Brandon, FreedomWorks President, commented:
“As Washington continues to burn through American taxpayers’ hard-earned dollars with little to no remorse over our nation’s harrowing $32 trillion debt, this news is to be expected. The downgrade is a sobering acknowledgement that lawmakers from both sides of the aisle are unwilling to address our fiscal state. This is a stark warning to Washington that our country’s financial course must be corrected.
“The current trajectory of excessive government spending poses significant risks to our economy. With our nation racing toward $50 trillion in debt by 2030, House Republicans have an opportunity to confront this issue and keep their promise to rein in out-of-control spending. Members of Congress must collectively address our perilous financial situation and prioritize fiscal responsibility.”