Hello, friends. I hope you are doing well.

Today’s post will offer little commentary beyond a link to a CNBC article about Fitch’s downgrade late yesterday (Tuesday) of the U.S. long-term credit rating from AAA to AA+. The following is an excerpt from the article:

“Fitch Ratings downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA on Tuesday, pointing to “expected fiscal deterioration over the next three years,” an erosion of governance and a growing general debt burden.”

Go here to view the CNBC article.

You’ve heard the expression “it is what it is.” Well, some may try to politicize the national debt conversation but the reality of the debt itself isn’t changed one iota by such attempts.

We seem to be hearing more and more words while time to act is passing on by. Placing blame (even on Fitch) rather taking responsible fiscal steps seems to be standard practice. To me, sometimes, it’s as though we’ve all come to a place of being resigned to “we’ll just kick the can down the road until the road plays out for good.”

This isn’t a high note to end today’s post on. But, as the debt crisis goes, “it is what it is.”

See you next time.