Posted on 08/03/2023 4:49:17 AM PDT by ChicagoConservative27
During an interview with Bloomberg on Wednesday, White House Council of Economic Advisers Chair Jared Bernstein stated that the downgrade to America’s credit rating by Fitch isn’t giving credit where credit is due for legislation like the debt ceiling legislation and its deficit reduction, but that the debate over the debt ceiling that spawned that legislation was “terrible policy” and shouldn’t have happened.
Co-host Romaine Bostick asked, [relevant exchange begins around 2:05:15] “I think you can certainly make a compelling argument about the timing and how the timing itself may certainly be a little questionable, if not flawed. The underlying thesis to this about — particularly about the politics of our country, the nature of that politics being disruptive to implementing fiscal policy…government governance…does that not ring true to you?
(Excerpt) Read more at breitbart.com ...
Come on Mr. “White House”. You can’t blame everything on somebody else. It’s your ass who is supposed to be “da president.” Like Barry Soetoro would say, “EAT YOUR PEAS!”
Yes they did give you credit. That’s why they reduced our credit rating.
“The Treasury Department revealed on Monday that it expects to borrow $1.007 trillion in the third quarter, or $274 billion more than estimated in May.”
It was passed with GOP help, so yes.
More proof Joe Biden needs professional help......
has such a case on himself......thinks he can do no wrong.
He’s done a horrible job on the economy, driving us into record inflation by his reckless spending then tries to take “credit” for things he had nothing to do with ....or things that aren’t true.
He even stupidly labels his failures a success, calling the mess he’s put forth “Bidenomics” (as though that were something to be proud of).
But there’s only so much you can spin, and there’s no getting away from the facts.....now some of those facts may just have caught up to Joe Biden.
Biden freaks out when US credit rating is downgraded
due to his mind-numbing “erosion of fiscal management.”
The problem is he doesn’t spend any time on the economy.
We’re learning Biden spends most of his time
<><>on his grooming,
<><>taking naps
<><>making deals w/ our foreign adversaries,
<><>sucking up to the Chinese
<><>opening secret bank accounts,
<><>enriching his crime family
<><>phoning 6 out of his 7 grandkids,
<><>hiding out at his various mansions in Delaware......
And his most fruitless....trying to remake no-account
cokehead Hunter into some semblance of a human being.
The ‘Deficit reduction act’ increased the budget by a trillion dollars.
DemonicRats believe that if they give a law a ‘Good’ name; then it is a good law.
Regardless of the actual outcomes.
The problem is he doesn’t spend any time on the economy.
Indeed about of all the money the feds take in the first 25% goes to the government the democrats want you to help make it grow bigger.
Marxism take a lot of money to keep in operation.
wow the white hut is all wee weeed up about this down grade
The Debt “Limit” is infinity.
Prolly why Fitch gave out the downgrade
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