US credit downgrade

[Anonymous]

Anonymous wrote:

Anonymous wrote:
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?

China and Japan hold 15 pct of our debt. But they may not keep it if Trump and JD Vance keep calling the Chinese peasants. Not sure if Trump has gotten around to insulting the Japanese yet but I’m sure he’ll get around to it.

No they don't.

I just saw it on CNBC Asia.

Our total national debt is 37 T.

I think it said Japan is the largest holder with like 1.1 T. (that's under 3%)
UK is second now.
China is third with 860 B. They dropped to third this month.

Found earlier data though. The chart below is from March

ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:Been decades in.the making. If they don't cut spending bigly, we'll be headed for a currency/credit/pension crisis where confidence will be lost and everyone will lose everything.

Think collapse of the Soviet Union in 1991.

It isn't about cutting spending, it is about running the national debt. As it is, W and Trump are responsible for 57% of it and the GOP is talking about adding another $4-20Trillion to it. The Dems had to spend money under Obama and Biden to bailout the GOP excesses, but under neither president was the fll faith and credit of the US under question, nor did the ratings change like they are now.

Yes, democrats are fiscally sound.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Been decades in.the making. If they don't cut spending bigly, we'll be headed for a currency/credit/pension crisis where confidence will be lost and everyone will lose everything.

Think collapse of the Soviet Union in 1991.

It isn't about cutting spending, it is about running the national debt. As it is, W and Trump are responsible for 57% of it and the GOP is talking about adding another $4-20Trillion to it. The Dems had to spend money under Obama and Biden to bailout the GOP excesses, but under neither president was the fll faith and credit of the US under question, nor did the ratings change like they are now.

Yes, democrats are fiscally sound.

"Moody’s said that the downgrade was driven by Maryland’s “economic and financial underperformance” compared to top-rated states, “which is expected to continue given the state’s heightened vulnerability to shifting federal policies and employment, and its elevated fixed costs.”"

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
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?

China and Japan hold 15 pct of our debt. But they may not keep it if Trump and JD Vance keep calling the Chinese peasants. Not sure if Trump has gotten around to insulting the Japanese yet but I’m sure he’ll get around to it.

No they don't.

I just saw it on CNBC Asia.

Our total national debt is 37 T.

I think it said Japan is the largest holder with like 1.1 T. (that's under 3%)
UK is second now.
China is third with 860 B. They dropped to third this month.

Found earlier data though. The chart below is from March

ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html

You are both right.

Of *foreign-held* debt, Japan holds about 11% and China 8%.

[Anonymous]

Anonymous wrote:Biden added 4.7 to the debt. Trump added 8 trillion, 1 trillion more in one term than Obama in TWO terms after the great recession.

Moodys cites the last decade and the upcoming bill as the causes for its downgrade.

So really, it appears Trump is 2/3 of the problem.

Trump was only able to be elected and do that because Barack is Black. So it's Barack's fault.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
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?

China and Japan hold 15 pct of our debt. But they may not keep it if Trump and JD Vance keep calling the Chinese peasants. Not sure if Trump has gotten around to insulting the Japanese yet but I’m sure he’ll get around to it.

No they don't.

I just saw it on CNBC Asia.

Our total national debt is 37 T.

I think it said Japan is the largest holder with like 1.1 T. (that's under 3%)
UK is second now.
China is third with 860 B. They dropped to third this month.

Found earlier data though. The chart below is from March

ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html

Japan is afraid of China, and knows the US is the only country that will save them if things get spicey. So they ain’t selling sh*t.

Also our Fed had a 9T balance sheet, reduced now to below 7T. They could easily absorb whatever these countries want to sell.