SumKindaMunster · 51-55, M
This follows the downgrade from the other major credit agencies which occurred in 2011 and 2023 respectively.
These were during Democrat administrations. I'm sure you totally cared when that happened during the Obama and Biden administrations. Can you point to the posts where you called this out and sounded the alarm?
Historically, the U.S. maintained a perfect credit rating from all three agencies for decades, reflecting the country's economic strength and political stability. That changed in 2011 when S&P downgraded the U.S. from AAA to AA+ following a contentious debt ceiling standoff. Fitch followed suit in 2023, citing fiscal deterioration and repeated political brinkmanship. Moody's had been the last to maintain a stable AAA rating.
These were during Democrat administrations. I'm sure you totally cared when that happened during the Obama and Biden administrations. Can you point to the posts where you called this out and sounded the alarm?
SumKindaMunster · 51-55, M
ChipmunkErnie · 70-79, M
Mudkip · 31-35, M
Cry about it
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SatanBurger · 36-40, F
samueltyler2 · 80-89, M
who did you vote for?
luckranger71 · 51-55, M
CedricH · 22-25, M
Republicans in the age of Trump are on a path toward failing to address the country’s fiscal problems because they are not being honest with themselves about what meaningful fiscal reform would need to involve, what budget policy they are in fact pursuing now, and just how little those two have to do with each other.
Ignoring the fiscal challenges our government faces is bad enough. But today’s GOP is pretending to address them while actually making them worse.
https://www.aei.org/op-eds/the-republicans-debt-delusion/Ignoring the fiscal challenges our government faces is bad enough. But today’s GOP is pretending to address them while actually making them worse.
Kwek00 · 41-45, M
... but you are free of morals and reason.
You can believe what you want to believe.
You can scapegoat and be as sadistic as you want.
And enjoy the spectacle.
Bread and games delivered by a narcissistic tyrant.
[media=https://youtu.be/NV9ibZwutFI]
... at least the Germans did this part, behind closed doors.
But the resistance after the 2nd world, made a huge spectacle of the sadistic retaliations, ... a lof them weren't even justifed.
Just too please the crowd and sacrifice the scapegoats for the sins of the entire community.
[media=https://youtu.be/xQGcQif39zU]
Franco did it too when he was a leader in the army, and his men loved him for it.
You can believe what you want to believe.
You can scapegoat and be as sadistic as you want.
And enjoy the spectacle.
Bread and games delivered by a narcissistic tyrant.
[media=https://youtu.be/NV9ibZwutFI]
... at least the Germans did this part, behind closed doors.
But the resistance after the 2nd world, made a huge spectacle of the sadistic retaliations, ... a lof them weren't even justifed.
Just too please the crowd and sacrifice the scapegoats for the sins of the entire community.
[media=https://youtu.be/xQGcQif39zU]
Franco did it too when he was a leader in the army, and his men loved him for it.
AlanAPartridge · M
Tariff terrorism? Sounds like a Bond villain with a clipboard and a nasty spreadsheet! It's like economic waterboarding, but with Excel and passive-aggressive trade reps!
Tariff terrorism- where the only thing exploding is the cost of a decent French brie!
Tariff terrorism- where the only thing exploding is the cost of a decent French brie!
FloorGenAdm · 51-55, M
ElwoodBlues · M
@FloorGenAdm Moody's is a very business oriented conservative financial services and risk assessment agency. They've been doing that job for over 100 years.
FloorGenAdm · 51-55, M
@ElwoodBlues Well I don't wanna get sued by Moody's for saying stuff. 🤐
DearAmbellina2113 · 41-45, F
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S&P Global and Fitch Ratings had downgraded the USA's credit rating well below triple-A status years ago, simply because the writing was on the wall as far back as 2008, but the USA was doing nothing about repaying it's outstanding National Debt load while choosing instead to increase it.
Moody's was the very last credit ratings organization to finally admit the truth about the US economy, which simply means that Moody's decision to downgrade the US yesterday has been presented to us about 17 years late.
Moody's was the very last credit ratings organization to finally admit the truth about the US economy, which simply means that Moody's decision to downgrade the US yesterday has been presented to us about 17 years late.
Patriot96 · 56-60, C
Who operates, manipulates Moodys
plankter979 · 51-55, M
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Roundandroundwego · 61-69
Americans refuse to understand what their inefficient and punishing economy is for. So you continue! You hate socialism and have no third party, so, sacrifice those lives! Lolz.
Roundandroundwego · 61-69
@Patriot96 I agree! This is your best. You don't want change! The border proves you live the best lives you can & shorter and harder than Chinese lives. You are doing the best YOU can. And socialism isn't for YOU. LolZ. Gahead!!! The lines are long at all borders, providing you the perfect excuse.
Patriot96 · 56-60, C
@Roundandroundwego nice jibberish
Roundandroundwego · 61-69
@Patriot96 good point - you don't understand me. You're doing the best you can, and you live very short harder lives! Just continue! Gahead.
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Reason10 · 70-79, M
Uh, that's a lie. It's not the first time US Credit was downgraded.
https://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades#From_the_Obama_administration
This one
The 2011 S&P downgrade was the first time the US federal government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011. The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011. Later, the US Government commenced an investigation into S&P's role in the rating of several mortgage-backed securities which played a role in the 2008 financial crisis.[1] In order to mend its relationship with the US government, S&P asked its then-CEO to step down, a mere 18 days after the US was downgraded. S&P announced on August 23, 2011, that Deven Sharma would step down as a Chief of Standard & Poor's effective September 12, 2011, and would leave the company by end of the year.
The downgrade was criticized by the U.S. Treasury Department,[2] both Democratic[3][4] and Republican Party[5][6] political figures, and many business people and economists.[7][8][9][10]
Both Fitch Ratings and Moody's, designated like S&P as nationally recognized statistical rating organizations (NRSRO) by the U.S. Securities and Exchange Commission (SEC), retained the U.S.'s triple-A rating. Moody's, however, changed its outlook to negative on June 2, 2011, and Fitch changed its outlook to negative on November 28, 2011.[11][12]
Occurred during the Obama regime.
Yeah, I know. There are hacks out there spreading this LIE in cyberspace, and so far a few IDIOTS are believing it.
https://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades#From_the_Obama_administration
This one
The 2011 S&P downgrade was the first time the US federal government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011. The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011. Later, the US Government commenced an investigation into S&P's role in the rating of several mortgage-backed securities which played a role in the 2008 financial crisis.[1] In order to mend its relationship with the US government, S&P asked its then-CEO to step down, a mere 18 days after the US was downgraded. S&P announced on August 23, 2011, that Deven Sharma would step down as a Chief of Standard & Poor's effective September 12, 2011, and would leave the company by end of the year.
The downgrade was criticized by the U.S. Treasury Department,[2] both Democratic[3][4] and Republican Party[5][6] political figures, and many business people and economists.[7][8][9][10]
Both Fitch Ratings and Moody's, designated like S&P as nationally recognized statistical rating organizations (NRSRO) by the U.S. Securities and Exchange Commission (SEC), retained the U.S.'s triple-A rating. Moody's, however, changed its outlook to negative on June 2, 2011, and Fitch changed its outlook to negative on November 28, 2011.[11][12]
Occurred during the Obama regime.
Yeah, I know. There are hacks out there spreading this LIE in cyberspace, and so far a few IDIOTS are believing it.