This is Something to Think About 08.02.23 “President Biden: America’s Credit Rating Just Downgraded”
Something to Think About
Audio By Carbonatix
Bill Bunkley’s “This Is Something to Think About”
Air Date Thursday, August 3, 2023
“President Biden: America’s Credit Rating Just Downgraded”
Often, I have shared examples of the Biblical principle of sowing and reaping in these opinions.
I think the late Dr. Charles Stanley, whose wisdom is available daily on Faith Talk Tampa, sums up this principle best with his quote, “You reap what you sow, MORE than you sow, and LATER than you sow.
Too bad President Biden and the Federal Reserve, along with their massive debt increases, don’t get this.
But rest assured, the credit rating company Fitch Ratings understands our growing Federal debt. That’s why America’s credit report got downgraded from an AAA rating to an AA+.
America’s debt now makes up 113% of our economic output. That’s upside down. And it’s increasing EVERY day.
No matter what the Wall Street spin doctors are saying as they trash the downgrade, this is another warning shot we better take heed of.
Bill Bunkley is a 17-year veteran Salem Media talk show host based in Tampa. The Bill Bunkley Show airs weekdays across central Florida from 3 to 6 pm. Bill is also President of the Florida Ethics & Religious Liberty Commission, which serves as the legislative consultant to the Florida Baptist State Convention (Southern Baptist Convention Churches), among other churches and entities. He has served as the legislative consultant to the Florida Baptist State Convention for the last 27 years at the state capitol in Tallahassee. By the Grace of his Lord Jesus, he is today a cancer survivor diagnosed in 2018 with AML Leukemia, having successfully undergone a bone marrow transplant that same year. His wife is Toni, son is Zac, and they attend Idlewild Baptist Church.
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