Both parties, the UniParty, have betrayed us.
Moody's downgrades US credit rating
- Thread starter T. A. Gardner
- Start date
Damn are you stupid. The debt is equivalent to Trumps, Bush's and Reagan's total. The Repubs crank up the debt. Last time Trump made a larger hole than any 8-year president. Do some simple math. If you cut taxes and increase spending, what happens to the debt? What is Trump[ going to do to it this time.Well, thanks to profligate spending, particularly by the last three presidents, Moody's is downgrading the US credit rating from AAA to Aa1.
Moody's strips U.S. government of top credit rating over failure to rein in debt
Moody’s is the last of the three major rating agencies to lower the federal government’s credit. Standard & Poor’s downgraded federal debt in 2011 and Fitch Ratings followed in 2023.www.pbs.org
The Republicans in Congress want to get rid of many Biden and Obama tax credits and breaks especially for things like climate change and green initiatives, along with federal support for expanded Medicare (Obama via Obamacare). On that last one, the chickens have come home to roost, so-to-speak.
The Democrats oppose all of that and want instead to raise taxes, particularly on "The Rich."
T. A. Gardner
Thread Killer
Slash the living shit out of federal government spending, what else?
serendipity
Verified User
Well, thanks to profligate spending, particularly by the last three presidents, Moody's is downgrading the US credit rating from AAA to Aa1.
Moody's strips U.S. government of top credit rating over failure to rein in debt
Moody’s is the last of the three major rating agencies to lower the federal government’s credit. Standard & Poor’s downgraded federal debt in 2011 and Fitch Ratings followed in 2023.
The Republicans in Congress want to get rid of many Biden and Obama tax credits and breaks especially for things like climate change and green initiatives, along with federal support for expanded Medicare (Obama via Obamacare). On that last one, the chickens have come home to roost, so-to-speak.
The Democrats oppose all of that and want instead to raise taxes, particularly on "The Rich."
Moodys was the last one of the big credit rating agencies to have a perfect AAA rating.
Moody’s Ratings downgraded the United States’ debt on Friday, stripping the country of its last perfect credit rating. The move could rattle financial markets and push up interest rates, potentially creating an additional financial burden for Americans already struggling with tariffs and inflation.
Of the three major credit rating agencies, Moody’s was the lone holdout, maintaining its outstanding rating of AAA for US debt. Moody’s held a perfect credit rating for the United States since 1917.
It now ranks US creditworthiness one notch below that, at Aa1, joining Fitch Ratings and S&P, which lowered their credit ratings for US debt in 2023 and 2011, respectively.
The decision to downgrade debt was influenced by “the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” Moody’s said in a statement. Moving forward, Moody’s said it expects borrowing needs to continue to grow and for it to weigh on the US economy as a whole.
“The Trump administration and Republicans are focused on fixing Biden’s mess by slashing the waste, fraud, and abuse in government and passing The One, Big, Beautiful Bill to get our house back in order,” White House spokesperson Kush Desai said on Friday. “If Moody’s had any credibility, they would not have stayed silent as the fiscal disaster of the past four years unfolded.”
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Bullshit Wally, apparently you and the receptionist are unaware of why our credit rating was reduced.
SPENDING, which is why everyone in Congress should put aside their bias and start working to reduce the outflow of $$$$ spent.
Trump's big bill was voted down by the usual democrat suspects, but a few patriotic republicans also understood the need to cut the onerous spending contained in that bill.
If congressional responsibility was ever needed, it happened with the downgrade in our credit.
Stop your bitching and get on the side of DOGE who has been hamstrung by a lackluster congress and zero support from your TDS infected group of alt lefties.
BTW I loved the fact that the bill failed because it did not do enough to protect the rights of gun owners.
serendipity
Verified User
Stupid twat, you've have been moaning even harder if Trump refused to shell out huge bucks on Covid, so seriously just shut the fuck up!!
Dutch Uncle
* Tertia Optio * Defend the Constitution
So why is Trump adding trillions to the debt? His buddy Elon took a chainsaw to the federal government firing VA workers, essential FAA workers, auditors, etc. I'm surprised you didn't notice.....well, not that surprised given your condition.
Trump predicted 8 years ago that he could shoot a baby on Fifth avenue, and his MAGA cult would worship him even more.
Dutch Uncle
* Tertia Optio * Defend the Constitution
Now I'm getting death threats from his MAGAts for my anti-Trumpism. Not the first time, but still interesting. LOL
Payback is a real bitch ain't it? Especially when it is more than justified. Only the beginning boy,....only the beginning.
You are lying. Another psyop of yours.
This is only a rating on our ability to pay, not the value of our payment. There is no possible reason we would not be able to pay. Literally, it is unconstitutional not to pay, and the government literally prints the money used to pay.
The only type of default possible is a technical default. That is when you could pay, you are legally required to pay, but you chose not to anyway. It used to be considered a crime, but now wealthy people like trump and Musk do it all the time with impunity.
There is only one party even considering a technical default, and it is not the Democrats. Blame the Democrats for whatever else, but they are 100% blameless on credit downgrades.
Dutch Uncle
* Tertia Optio * Defend the Constitution
Actually, no. It is a rating on governments willingness to service debt, not on spending.
Then again, trump and the party of trump are proposing a bigger deficit than that caused by trump's tax cuts, Covid 19, and Biden's spending... COMBINED!!! So if you think deficit spending is the problem, you would want to get rid of trump.
Doge is spending out of control. LITERALLY OUT OF CONTROL!!! They are not under the control of Congress. They are just spending.
Dutch Uncle
* Tertia Optio * Defend the Constitution
...and the MAGAt Congress, much less the MAGAt DOJ, is doing nothing to stop them.
When the alt right posters say we cannot blame the entire Republican Party for the actions of Musk or trump, they forget that it is the entire Republican Party that is allowing them to violate the Constitution like this.
Congress needs to stop spending like drunken sailors.Well, thanks to profligate spending, particularly by the last three presidents, Moody's is downgrading the US credit rating from AAA to Aa1.
Moody's strips U.S. government of top credit rating over failure to rein in debt
Moody’s is the last of the three major rating agencies to lower the federal government’s credit. Standard & Poor’s downgraded federal debt in 2011 and Fitch Ratings followed in 2023.
The Republicans in Congress want to get rid of many Biden and Obama tax credits and breaks especially for things like climate change and green initiatives, along with federal support for expanded Medicare (Obama via Obamacare). On that last one, the chickens have come home to roost, so-to-speak.
The Democrats oppose all of that and want instead to raise taxes, particularly on "The Rich."
Dutch Uncle
* Tertia Optio * Defend the Constitution
Agreed. The Trump administration is doing anything it wants with the full consent of the MAGAt Congress. Sad.
I used to set long term goals for America, but right now I think the best thing is to set short term goals. We need to just survive for another years and a half, when hopefully the non-party of trump will take control over the House. They can then do some restraining of trump for two more years.
I am worried that we only have one sane party. We need to have a two party system to keep the Democrats reasonable, but the party of trump is just insane now. One of my fears is that trump tears down all our democratic traditions, we get rid of him, and then either a Republican or Democrat comes in and uses trump's totalitarian powers to oppress us.
Dutch Uncle
* Tertia Optio * Defend the Constitution
Wow. An admission that the Trump administration and MAGAt Congress are equal to drunken sailors. LOL
Dutch Uncle
* Tertia Optio * Defend the Constitution
Both are important. I was a "short term goal" guy. More like a firefighter putting out hotspots than someone in administration seeking to eliminate fire hazards.
I've been voting Libertarian since 2012 because it seemed clear to me we had two extremist political parties controlling our nation. A major example is those who attack and impugn those who disagree with their political party's agenda. While you and I can agree that the Democrats are saner than MAGAts, at least in protecting our Republic, we'd probably disagree that was always so, especially under the Clintons.