Posted on 08/01/2023 8:00:40 PM PDT by matt04
Fitch downgraded its credit rating for the U.S. government, from AAA to AA+, two months after the debt-ceiling crisis was resolved.
“In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters," the rating agency said Tuesday. Fitch said the U.S. appeared to suffer from an “erosion of governance," pointing to the Washington brinkmanship over the debt ceiling as an example.
With a rating of AA+, the U.S. still holds among the highest possible ratings, which Fitch saying the nation still benefits from a “large, advanced, well-diversified and high-income economy.”“I strongly disagree with Fitch Ratings’ decision,” Treasury Secretary Janet Yellen said in a statement Tuesday, calling the change “arbitrary and based on outdated data.”
(Excerpt) Read more at nbcnews.com ...
Debt ceiling crisis? Well, that will be pinned on the GOP by the MSM.
“Fitch is dual-headquartered in New York City and London, and is controlled by Hearst”
How long before Fat Albert opens some investigation?
> Fitch downgraded its credit rating for the U.S. government, from AAA to AA+ <
This is great news for the Biden administration! After all, Finch could have downgraded the U.S. government to AA. But they didn’t. They recognized Biden’s genius, and so added the + sign.
(I’m just auditioning to be Biden’s next press secretary. How am I doing?)
Trump’s fault!
It should be lower.
Rating will be based upon how many yuans the nations have.
/S
Biden freaks when US credit rating is downgraded
due to his “erosion of fiscal management.”
We’re learning Biden spends most of his time
<><>on his grooming,
<><>making deals w/ our foreign adversaries,
<><>opening secret bank accounts,
<><>enriching his family
<><>talking to his grandkids,
<><>retreating to his various mansions in Delaware......
And his most foolish task....trying to remake
cokehead Hunter into some semblance of a human being.
What's your skin color, race, and sexual orientation? That's more important.
More here:
https://freerepublic.com/focus/f-chat/4172166/posts
https://freerepublic.com/focus/news/4172170/posts
😁👍
You beat me to it. Actual competence disen’t matter.
Too good. Your supposed to deflect and demand they ask someone else or just say someone else already made some vague statement. Your fired.
> What’s your skin color, race, and sexual orientation? That’s more important. <
I’m a straight white male who is obsessed with Jennifer Aniston. (Please don’t tell my girlfriend about that last part.)
However, on my resume I self-identify as an illegal alien dreamer. I am also a female lesbian of color. And I am physically and mentally challenged too.
So, yeah. There is certainly a place for me in the Biden administration. I would expect a cabinet position, at the very least.
Interest rates will go up for Fedzilla?
AA+ is ridiculous. If the US was a person, bank would have hired a bouncer to keep him out.
Interesting....ranked at same level as New Zealand now.
Stock futures not overly concerned yet. SP500 only down 70 bps as of now.
So Biden is running the country into the ground. Democrat voters are complicit.
Yes, the lower the credit rating the higher the borrowing cost - a further drain on the American taxpayer.
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