Thanks, Trump for tanking the US economy on purpose. Wow! So much winning.

Anonymous wrote:And people oppose doge

DOGE isn't saving jack.

It's all because of Trump's massive tax cuts for billionaires.

They won't significantly cut spending for Medicare, Medicaid, Social Security and the military, so here we are. The single biggest reason medicare/caid and SS are draining the country dry so much is because of healthcare.

The US refuses to fix the healthcare system, so nothing will ever improve. The entire healthcare system needs to be nuked from orbit. All of the middlemen siphoning off trillions of dollars that is massively driving up costs need to be eliminated. No more private insurance, PBMs, venture capital, group purchase orgs, etc. Single payer system and be done with it.

So many countries have already figured this out and have far better healthcare outcomes for 1/1000th the cost. Why can people in South Korea and Japan, for example, go to the doctor 13 times per year, get all of their labs and imaging, and have everything else done for basically $20 or $0 out of pocket?

The entire country will continue to go bankrupt until the entire healthcare system is nuked and started all over again.

Stock futures tumbled on Monday as a downgrade of the U.S.′ credit rating by Moody’s caused Treasury yields to spike.
https://www.cnbc.com/2025/05/18/stock-futures-slide-after-us-debt-downgrade-highlights-deficit-risk-live-updates.html
Futures tied to the Dow Jones Industrial Average
dropped 264 points, or 0.6%. S&P 500
futures pulled back 1%, while Nasdaq-100
futures lost 1.4%.

Moody’s on Friday after the bell bumped the country’s rating down by one notch to Aa1 from Aaa, bringing the agency in line with its peers. The firm cited the financing challenges tied to the federal government’s growing budget deficit and the ramifications of rolling over existing U.S. debts in a period of high borrowing costs.

The debt downgrade pressured bond prices, sending yields higher, at a time when the economy is already under pressure from President Donald Trump’s unfolding tariff policy. The 30-year U.S. bond yield traded above 5% on Monday and the 10-year yield topped 4.5%, levels that pressured equity markets last month and helped cause Trump to back off his stiffest tariffs. Loans for houses, cars and credit cards track these rates.

“The fundamental factor of less foreign demand for them and the growing size of the pile of debt that needs to be constantly refinanced is not going to change,” said Peter Boockvar, chief investment officer at Bleakley Financial Group, of the U.S. rating change. Moody’s downgrade “is symbolic in the sense that here’s a major rating agency that’s calling out that the U.S. has strained debts and deficits.”

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So what’s the solution?

1) Don't make big tax cuts to the rich. Falling revenue and high levels of debt are unsustainable.
2) Don't gut the IRS's staff and budget and demoralize them so they can't do their job. See above on falling revenue.
3) Don't let the inmates run the asylum. The bond market is spooked by Trump's unpredictability and bad policy choices.

On board except 3), the bond market is spooked ? 10 yr yield is 4.45%, well below the recent peak of 5% under Biden: I get the narrative that rates are up, but just no not true.

^^This post didn't age well. The markets are spooked.

https://www.nytimes.com/2025/05/19/business/stock-markets-moodys-sp500.html

Turbulent trading hit financial markets on Monday, with investors selling U.S. stocks and bonds and the dollar, an ugly combination that suggests sentiment is souring on the outlook for the world’s largest economy.

One factor jarring markets is a bill in Congress that would make President Trump’s signature 2017 tax cuts permanent and could add trillions of dollars to federal debt. A House committee voted to approve the bill on Sunday night, although it was expected to remain a focus of contentious congressional debate.

The United States’ loss of its last triple-A credit rating late on Friday and mounting concerns about government debt have threatened to disrupt the relative calm in markets that has prevailed since Mr. Trump paused many of his tariffs in recent weeks.

Anonymous wrote:

Anonymous wrote:So what’s the solution?

1) Don't make big tax cuts to the rich. Falling revenue and high levels of debt are unsustainable.
2) Don't gut the IRS's staff and budget and demoralize them so they can't do their job. See above on falling revenue.
3) Don't let the inmates run the asylum. The bond market is spooked by Trump's unpredictability and bad policy choices.

On board except 3), the bond market is spooked ? 10 yr yield is 4.45%, well below the recent peak of 5% under Biden: I get the narrative that rates are up, but just no not true.

Anonymous wrote:So what’s the solution?

Raise taxes, or at least don't cut them, and cut spending in a thoughtful way - basically be Bill Clinton.

Anonymous wrote:So what’s the solution?

1) Don't make big tax cuts to the rich. Falling revenue and high levels of debt are unsustainable.
2) Don't gut the IRS's staff and budget and demoralize them so they can't do their job. See above on falling revenue.
3) Don't let the inmates run the asylum. The bond market is spooked by Trump's unpredictability and bad policy choices.

So what’s the solution?

Anonymous wrote:And people oppose doge

It’s the opposite. They have trashed our country.

Anonymous wrote:

Anonymous wrote:And people oppose doge

DOGE hasn’t saved the US taxpayer much money at all-it’s just damaged government services. You want to cut the national debt, drop the Republican plan to cut taxes for the richest

+1 DOGE is the biggest fraud in the government.

Anonymous wrote:And people oppose doge

DOGE hasn’t saved the US taxpayer much money at all-it’s just damaged government services. You want to cut the national debt, drop the Republican plan to cut taxes for the richest

And people oppose doge

So much winning.

And the US markets say "boom goes the dynamite"

FAFO...the downgrade means that each of the three major credit rating firms no longer gives the United States its best rating.
https://www.reuters.com/markets/us/moodys-downgrades-us-aa1-rating-2025-05-16/
Moody's pushes US out of top triple-A rating club, citing rising debt
By Davide Barbuscia and Pushkala Aripaka

Moody's on Friday cut the U.S. credit rating by one notch, citing rising debt and interest payments that outpace those of similarly rated sovereigns, in a move that marks the end of an era as Moody's was the last major agency to maintain a triple-A rating for U.S. sovereign debt.
The downgrade to "Aa1" from "Aaa" follows a change in the outlook on the sovereign in 2023 due to wider fiscal deficit and higher interest payments, and comes as the U.S. Congress debates tax and spending plans that could deepen the U.S. fiscal hole.