US credit downgrade
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Anonymous
No, it is reality. |
Anonymous
Using actual metrics, what about the Biden economy wasn't better than everyone else in the world? |
Anonymous
| This is a result of decades of fiscal mismanagement by BOTH parties. Time to significantly increase taxes on American citizens and make major, painful cuts to entitlement programs, and other discretionary budget items. Increase DOGE efforts by 100% to remove fraud and waste. There is no way around this. |
Anonymous
Please. DOGE didn't find any waste/fraud. Also, the CURRENT party in power is adding trillions to the deficit, and Trump "king of debit" is fully onboard with it. |
Anonymous
Serious question...where is the mismanagement? With the exception of the Department of Defense, every other agency has audits and inspector generals and reports to congress that pass with flying colors. The Pentagon has not had a clean audit in years. If there is fraud and waste anywhere, it is there, and yet, DOGE doesn't touch the Pentagon and the GOP adds to their budget while cutting everywhere else. Do you understand that there has been a reduction in the federal workforce steadily since Reagan was in office? Jobs and responsibilities that used to be in house are now outsourced to consulting firms at 5-10x the cost to the tax payer, with the partners of those firms making the difference (and then contributing to the GOP to keep the gravy train going) DOGE has literally not found any fraud or abuse. Waste is in the eyes of the beholder. You want to cut entitlement programs? Ok, so you are kicking poor old people on to the streets, or turning loose more mentally ill people to be homeless and muttering to themselves? Or cutting off healthcare to poor babies? Like what cuts do you want to make? There aren't "welfare queens" of healthy ble people getting rich on "entitlement programs" - that was a myth of the Reagan era (https://www.slate.com/articles/news_and_politics/history/2013/12/linda_taylor_welfare_queen_ronald_reagan_made_her_a_notorious_american_villain.html) and certainly doesn't exist today after the reforms when Bill Clinton was president. so, yeah, be specific, what cuts are you looking for? |
Anonymous
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Every time they argue over raising the debt ceiling they say "we don't want to default on the debt" they never say " we don't want to cut government to pay the bondholders" That's literally admitting that paying back bondholders is the last budget priority. This is on top of already defaulting by paying back bondholders a fraction of their initial investments using deflated dollars. What kind of idiot would buy and hold US bonds? |
Anonymous
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Every time they argue over raising the debt ceiling they say "we don't want to default on the debt" they never say " we don't want to cut government to pay the bondholders" That's literally admitting that paying back bondholders is the last budget priority. This is on top of already defaulting by paying back bondholders a fraction of their initial investments using deflated dollars. What kind of idiot would buy and hold US bonds? |
Anonymous
I don't know if you are simly the most ill informed person alive or if you are the king of the world wide Village Idiot society and I suspect that it is the latter. |
Anonymous
Biden’s insane spending caused this downgrade. |
Anonymous
Liar. https://www.newyorker.com/magazine/2009/09/28/ratings-downgrade |
Anonymous
And Trump's tax cuts are making the debt worse. So. expect another downgrade. Per the article:
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Anonymous
If that were the case, they would have downgraded when Biden was in office. They downgraded now because of things happening now. This isn't a lagging indicator. |
Anonymous
Very slowly, then suddenly.... |
Anonymous
Most of the countries in the developed world and particularly China, well at least until a few months ago. |
Anonymous
Look, it's basic economics. Bad starts with B with stands for Biden. Terrific starts with T which sands for Trump. So Bad Bonds are Biden. |