USA loses AAA rating, national embarrassment!

That the economy is in collapse and having Trump in the WH as people figure this out thus it will aid in the crushing of MAGA might well have a lot to do with why our enemies stood down after they failed to kill him at Butler.

Some people think that all that must be done to cancel MAGA is either humiliate and remove Trump or kill him....I am not in that school of thought.
 
Jarod said:
Moody’s downgrades us rating!

Trump loses AAARating!

National shame on USA!
Click to expand...
Thanks Trump!

www.pbs.org

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 www.pbs.org
In a statement, Moody’s said: “We expect federal deficits to widen, reaching nearly 9% of (the U.S. economy) by 2035, up from 6.4% in 2024, driven mainly by increased interest payments on debt, rising entitlement spending, and relatively low revenue generation.”

Extending President Donald Trump’s 2017 tax cuts, a priority of the Republican-controlled Congress, Moody’s said, would add $4 trillion over the next decade to the federal primary deficit (which does not include interest payments).
 
Lionfish said:
Well sugar foot, I'm happy for you as you have at least 3-3/4 years more to be calm and joyfull.
Click to expand...
9u1p54.jpg
 
Jarod said:
Moody’s downgrades us rating!

Trump loses AAARating!

National shame on USA!
Click to expand...

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 White House on Friday assailed a decision by Moody’s Ratings to lower the US credit rating, casting it as a political decision.

Steven Cheung, a spokesman for President Donald Trump, singled out Mark Zandi, an economist for Moody’s Analytics, in a post on X, accusing him of being a long-time critic of the administration’s policies.

“Nobody takes his ‘analysis’ seriously. He has been proven wrong time and time again,” Cheung said. Moody’s Ratings is a separate group from Moody’s Analytics. Zandi did not immediately reply to a request for comment on Friday evening.

 

Oregon's Bay Area​


"The United States is not leading a trade war, instead, it's staging a cover-up. Behind the bluster of tariffs, the performative raids, and the carefully constructed language of economic nationalism lies the deeper truth that Professor Richard Wolff has been warning us about: this is what imperial decline looks like when it’s camouflaged as strength. The economic tools being used, tariffs, interest rate hikes, labor market deregulation, and child labor rollbacks, aren’t signs of innovation or resilience. They are symptoms of panic, designed not to win anything, but to delay the reckoning that everyone in power knows is coming.
Trump's economic pitch, now laced with fantastical claims like replacing all income taxes with import tariffs, is not a strategy. It’s a mirage meant to distract from the one fact that no administration, Republican or Democrat, dares to say aloud: the American empire is no longer sustainable. Manufacturing is not coming back, no matter how many tax cuts or punitive tariffs are promised. Investors know it. Japan knows it. China knows it. And the global south, long treated as a labor reservoir for U.S. corporations, is quietly decoupling from the dollar. The U.S. working class, meanwhile, is being sacrificed again to finance the illusion of stability. And this time, even the tariffs aren’t real. They’re taxes dressed up as foreign punishment, passed directly to American consumers through rising prices and shrinking wages.
Wolff's diagnosis cuts through the noise: tariffs are not about reviving American industry. They’re about reassuring the financial class that Washington will do something, anything, to slow the bleeding. In this case, that “something” is a shell game that avoids taxing the rich or corporations and instead taxes everyone else, especially those least able to afford it. This is what he calls "the other side" of austerity, tariffs as ideological camouflage for a fiscal policy that won’t admit its dependence on debt, foreign creditors, and constant war.
And the bond market has caught on. As Foo reports, Japan is dumping U.S. Treasuries, and global confidence in the dollar is sliding in lockstep with America’s reputation. Scott Bessent’s desperate tour to reassure investors has been met not with applause but with exits. The U.S. is refinancing trillions in debt at elevated rates, while foreign demand collapses and zombie corporations multiply. Capital is moving, not toward American assets, but away from them.
Chris Hughes, in his conversation with Jon Stewart, offers the other half of this equation. Marketcraft, the deliberate shaping of markets by the state, is not new. It’s what built the housing sector during the New Deal, what launched aviation and synthetic rubber, what won World War II. But today's leaders aren’t engaged in marketcraft. Trump is not designing anything. He’s lashing out. His policies are not strategic, they're the erratic gasps of an ideology that’s outlived its usefulness but won’t admit it. We’ve replaced architects with arsonists.
The result is an incoherent landscape where tariffs rise and fall with a tweet, manufacturing stays offshore, labor protections vanish, and children are sent into the fields in Florida to replace deported immigrants. Meanwhile, Bessent urges the Asian Development Bank to cut China off from its funding lifelines, as if choking a rival economy will somehow restore confidence in ours. It won’t. It only highlights the fact that we have no real industrial plan, only fiat, only force, only fantasy.
Wolff reminds us that empire in decline always behaves this way. The rich retreat behind their walls. The poor are blamed for their suffering. Institutions are hollowed out. And war, whether military, economic, or cultural, is treated as a form of salvation. But this time, the usual playbook isn’t working. China and India are growing. The ruble didn’t collapse. BRICS is expanding. Emerging markets are outperforming the U.S. dollar. Even Mexico, once dependent on remittances and U.S. buyers, is beginning to feel the blowback of being hit from both sides: losing income from workers abroad while tariffs kill export jobs at home.
This is not the return of American greatness. This is the slow-motion collapse of a system built on myths. The myth of the free market. The myth of endless growth. The myth of American exceptionalism. And perhaps most dangerous of all, the myth that tariffs and militarized borders will somehow reverse history. What they do is speed it up. "
 
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