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Government selectors, pages, etc.
Bidenomics: US Credit Rating dropped
By HatetheSwamp
August 2, 2023 5:40 am
Category: Government

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Honestly, pb understands opposing Trump. But, supporting the Doddering Old Fool? pb don't get that.

The United States of America's rating as a long term foreign currency issuer was downgraded Tuesday evening from “AA+” from “AAA.” The change was made and detailed by Fitch Ratings.

"As Washington continues to burn through American taxpayers’ hard-earned dollars with little to no remorse over our nation’s harrowing $32 trillion debt, this news is to be expected. The downgrade is a sobering acknowledgement that lawmakers from both sides of the aisle are unwilling to address our fiscal state. This is a stark warning to Washington that our country’s financial course must be corrected," FreedomWorks President Adam Brandon said about the change.

Cited and related links:

  1. townhall.com

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Comments on "Bidenomics: US Credit Rating dropped ":

  1. by Donna on August 2, 2023 7:35 am

    Fitch downgraded it. Below is a link where you can read Fitch's own reasoning.

    fitchratings.com

  2. by Curt_Anderson on August 2, 2023 7:56 am
    Fitch reasoned that GOP gutting of IRS means less revenue in.

  3. by Donna on August 2, 2023 9:03 am

    Fitch delved a bit deeper than that.

  4. by Indy! on August 2, 2023 10:07 am

    Might be time to start taxing the wealthy again.

  5. by Donna on August 2, 2023 10:14 am

    And remove the Social Security pay-in cap.

  6. by Indy! on August 2, 2023 12:30 pm

    And cut the military.

  7. by Donna on August 2, 2023 12:52 pm

    If Dave Grusch is right, and I think he is, one reason our miltary budget is so bloated is because the Pentagon's been purposely overcharging We The People on everything and smusing the overage to finance the secret legacy reverse-engineering programs for over 60 years.

  8. by Indy! on August 3, 2023 9:00 pm

    They have to pay for it somehow. And although I'm sure we're probably talking trillions there - it's the least of our spending problems when it comes to the military. We also need to put a cork in the vicious cycle of politicians starting wars to fund the war machine, then the war machine funding the politicians to start more wars.

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