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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Trump's economy sucks.[/quote] Biden’s insane spending caused this downgrade.[/quote] And Trump's tax cuts are making the debt worse. So. expect another downgrade. Per the article: [quote]In its statement accompanying the downgrade, Moody’s analysts wrote that, “If the 2017 Tax Cuts and Jobs Act is extended, which is our base case, it will add around $4 trillion to the federal fiscal primary (excluding interest payments) deficit over the next decade.” “As a result, we expect federal deficits to widen, reaching nearly 9% of GDP by 2035, up from 6.4% in 2024, driven mainly by increased interest payments on debt, rising entitlement spending and relatively low revenue generation,” Moody’s said. ″We anticipate that the federal debt burden will rise to about 134% of GDP by 2035, compared to 98% in 2024.″[/quote][/quote]
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