Again pulled from some very informational investing reading…
“The root of the problem is simple… The people who are voting for the government services and the government spending are not the same people who have to pay for them. There’s always demand for more spending because the people who are voting for the spending don’t have to pay. As long as that remains the case, you’re going to see a significant decline in the government’s creditworthiness at all levels.”
WD0AJG