The recent credit rating from Moody's underscores the importance of including these reforms in this particular legislation. Moody's, which recently downgraded its rating of US credit from AAA to AA1. And They [Moody's] pointed to our national debt, especially our growing entitlement spending, as a reason to lower our credit rating. Now, this is the United States of America, and we are seeing our credit rating downgraded because Congress has not had the courage to deal with this impending potential debt crisis. (00:20–06:45)
CLAIM
Asserts that Moody's cited national debt and entitlement spending as reasons for the credit downgrade.
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