Of course Fitch blamed J6 and debt negotiations. The United States has a fascist government and a fascist political system. Businesses can only operate here if they stay in the good graces of our fascist government rulers.
This was the propaganda line they were told to say by our government…they say this then all is fine and they can continue to exist. They tell the truth about it, they cease to exist. That’s America…that’s how America operates.
It’s very hard to get true conservatives to understand . . . conservatism.
It has nothing to do with isms. Certainly not capitalism. Nor socialism. Nor Communism. All those isms get measured by a substance created from nothing on a Federal Reserve whim.
How can such a substance define ideology? It can’t.
But if you want the truth of the math, you can’t cut spending. Gov’t spending is all that drives the economy now. The G variable is explicitly in the GDP equation. Cut it, you cut GDP. Cut GDP and the debt/GDP ratio explodes — even worse than it is.
Cutting spending therefore won’t help. Cutting (or raising) taxes won’t help, either.
It’s all too late. Capitalism has failed. You can wriggle around and point ideologically to some happening in the 1980s or 1990s or whenever, but in terms of visibility, it was when QE got defined in 2009. That’s when money creation (from nothingness) really became clearly the only engine behind the economy.
It’s not going to get better. Ever.