US credit downgrade
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Anonymous
| So much winning!!!/s |
Anonymous
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Bond yields jumping today. Never thought I'd see a time when the "boring" US Treasury markets got so jumpy...
https://www.nytimes.com/2025/05/19/business/stock-markets-moodys-sp500.html Markets Are Rattled on Concerns About U.S. Debt Stocks fell, the dollar slipped and bond yields jumped after a rating downgrade highlighted worries about the cost of President Trump’s policies. |
Anonymous
This is all such a self-own. It is really sad to see the country destroyed from within like this. |
Anonymous
| Can we finally let go of the myth that Republicans are better for the economy? Please? |
Anonymous
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It's still Biden's economy. This is the result of all the corruption and waste from him.
No one can cause a historic downgrade like this in only 119 days. /s Also, that's an actual social media post I saw by a MAGA relative. |
Anonymous
And this is why I believe Americans deserve what they are about to get. Sadly, my family will too. But the brazen stupidity has just gone unchecked for far too long. |
Anonymous
| Good, spending more than you take in should hurt. |
Anonymous
Taking in less than you need and shifting the burden to the working class and poor does nothing but let them eat cake. |
Anonymous
| Well, the poor and middle class are willing to give up their social security disability payments and Medicaid coverage for this so what are we to do? |
Anonymous
Clearly you have no idea how global financial markets work. None whatsoever. This is not playing hurt. This is chopping off your legs at the start of a marathon. We have a Congress who refuses to cut the spending or increase the revenues. And this Congress and the U.S. treasury have essentially told the world to f#%k off in terms of the faith and full credit of the U.S. dollar. It’s a complete catastrophe. |
Anonymous
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https://bsky.app/profile/atrupar.com/post/3lpk43txubk2a
It if where true that the downgrade was the result of the spending by the previous administration, then Moody's would have cut the rating then. They didn't. they cut it now, because of what THIS administration is doing. |
Anonymous
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US debt exploded under Bush, Obama, and Trump. It's a historical fact that it occurred under all of them. Just look up the debt to GDP ratio starting around 2008 until now.
That being said, I actually don't blame them for the spending that blew up the debt. The first challenge was due to the 2008 meltdown. The second challenge was due to the pandemic. The biggest problem, however, is due to the tax cuts under Bush and Trump. They're killing govt revenue and causing our debt to explode. The tax cuts simply need to expire. |
Anonymous
Incorrect |
Anonymous
This is a joke. |
Anonymous
Debt exploded under Bush because of tax cuts. Debt exploded under Obama because Bush left the economic meltdown. Obama left office with a steadily growing economy and managed deficit spending. Debt exploded under Trump in 2018 after the 2017 tax cuts. They were exacerbated by the PPP passed in March 2020. Biden inherited an economic disaster and cut deficit spending and left office with an economy that was "the envy of the world" They are all not the same. |