MAGA economy

For the first time in modern US history, Moody’s has downgraded the United States credit rating from Aaa to Aa1. A direct consequence of economic mismanagement & tariff terrorism by Trump and the GOP, which will lead to higher interest rates on mortgages, credit cards, car loans, and student loans.

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swirlie · 31-35

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.