The Dem economic package

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70 Mach 1

70 Mach 1

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TJ
keep watching CNN for up to the minute fake news

did youre SS get yanked from 2016-20?

the only thing that got yanked was you
 

They See It Coming – Fitch Joins S&P to Downgrade USA Credit Rating


August 2, 2023 |

Collapse is never a sudden occurrence; it is an outcome of gradual erosion over time. A weakening that takes place almost invisible to those who pass through the construct, until eventually, at an uneventful time in the mechanics of history, the process gives way.

Fitch has joined with the prior position of Standard & Poors to downgrade the USA credit rating. The weight of debt, in combination with reverberations from the continued hammering deep inside the political fundamental change operation, has triggered another flare.

In the bigger picture, this is a self-fulfilling prophecy driven by the latest focus on unsustainable economic policy, aka The Green New Deal. The efforts of the fiscal, monetary and economic policy are all aligned to shrink the U.S. economy, thereby creating the era of “sustainable energy” a possibility. Unfortunately, this is akin to a household intentionally shrinking their income while at the same time taking on credit card debt. The process itself is not sustainable.

(Reuters) – Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

Traders’ immediate response was to embark on a safe-haven push out of stocks and into government bonds and the dollar.

Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.



[…] “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, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement.

U.S. Treasury Secretary Janet Yellen disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.”

[…] In a previous debt ceiling crisis in 2011, Standard & Poor’s cut the top “AAA” rating by one notch a few days after a debt ceiling deal, citing political polarization and insufficient steps to right the nation’s fiscal outlook. Its rating is still “AA-plus” – its second highest.

After that downgrade, U.S. stocks tumbled and the impact of the rating cut was felt across global stock markets, which were in the throes of the euro zone financial meltdown.

In May, Fitch had placed its “AAA” rating of U.S. sovereign debt on watch for a possible downgrade, citing downside risks, including political brinkmanship and a growing debt burden. (read More)


What do Barack Obama and Joe Biden have in common? They were both in office, executing an identical economic, fiscal and monetary policy, when the USA credit was downgraded.


https://theconservativetreehouse.co...itch-joins-sp-to-downgrade-usa-credit-rating/
 
Boy they sure do have a boner to toss millions of old people out on the streets. Could you fucking imagine? Worked your ass off to build this society, then tossed out with the garbage when you're no longer useful?
You just explained exactly what the democrats have done . Millions of homeless Americans on the streets and being thrown into the streets for democrats to pay to house 3rd world migrants in hotels throughout the country .
 
You just explained exactly what the democrats have done . Millions of homeless Americans on the streets and being thrown into the streets for democrats to pay to house 3rd world migrants in hotels throughout the country .

All the homeless in my area are druggies, alcoholics, and the mentally ill. Are you saying we should pay for druggies, and alcoholics to have free housing?

You don't make sense, as usual :hys:
 
and dont forget the Governments free lifetime supply of Prozac for @Tranny Jesus and @paulyc
 
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All the homeless in my area are druggies, alcoholics, and the mentally ill. Are you saying we should pay for druggies, and alcoholics to have free housing?

You don't make sense, as usual :hys:
The answer to them is obviously socialism.
 
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