Florida Politics reports:
Gov. Ron DeSantis is spotlighting a drop in America’s credit rating and blaming “frivolous” federal spending via the CARES Act and the Inflation Reduction Act. However, billions of dollars worth of that cash went to the Sunshine State, and the Governor made no moves to return it to the federal government.
DeSantis was urged to return unused CARES Act money to the federal government by his immediate predecessor as Governor. In 2022, U.S. Sen. Rick Scott was asked about DeSantis continuing to “deploy” COVID-19 relief funds for priorities not related to the pandemic. Scott said leaders with extra funds should return them to defray the federal debt.
“It doesn’t make any sense,” said DeSantis. “If Florida were to send the money back, (Treasury Secretary Janet) Yellen is going to send it to Illinois, California, New York or New Jersey. I don’t think that would make sense for Floridians — for us to be giving even more money to the blue states.”
Read the full article.
.@FitchRatings’ downgrade of the nation’s credit rating from AAA to AA+ is a result of frivolous spending and ballooning national debt for programs like the CARES and “Inflation Reduction” Acts. Florida’s AAA rating remains the standard-bearer, serving as the nation’s blueprint… https://t.co/ASwenYAz11
— Ron DeSantis (@GovRonDeSantis) August 2, 2023