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Fitch downgrades US credit rating from AAA to AA+

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in World News - Discussion

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1 minute ago, nauseus said:

If you think that no tax cuts for the last few presidents mean that there would not be this high debt now then you are in dreamland.

Thanks you for your rebuttal. Now can you link to some credible source to actually support what you are saying? I won't hold my breath.

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      placeholder

      Or maybe it's due to the fact that Republicans threatened not to pay the parties who held US Treasury bonds? You think the possibility of default couldn't affect America's credit rating? Really?

    • JonnyF
      JonnyF

      Another consequence of the decline of the US.    I'm sure the usual suspects will be along shortly to claim Biden is doing great and to claim that debt has decreased during his tenure (a cla

    • placeholder
      placeholder

      Because the deficit wasn't rising under Trump as well? Didn't Trump's tax breaks actually greatly increase the deficit.  In fact, the last time the deficit might have shrunk maybe was briefly under Bi

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    1 minute ago, placeholder said:

    Thanks you for your rebuttal. Now can you link to some credible source to actually support what you are saying? I won't hold my breath.

    Why should I? You didn't.

    5 hours ago, placeholder said:

    Really? Here's the link again. Please share with me what you find faulty and why.

    https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/

    Quote from : https://www.americanprogress.org/about-us/

     

    "American Progress is an independent, nonpartisan policy institute".

     

    Board of Directors

    Julián Castro
    Steve Daetz
    Sen. Tom Daschle
    Patrick Gaspard
    Andrew Hauptman
    Eric Mindich
    Kristin Mugford
    Donald Sussman
    Hansjörg Wyss

     

    Nonpartisan. 'Right.

     

    All the above are Democrats and/or major donors to the Democrats.

     

    That's why.

    Edited by nauseus

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