the annoying thing
Well-Known Member
Yes its failing you left out huge unemployment from illegals high inflation so far for joeys term .High growth low unemployment is failing miserably? Lol
Yes its failing you left out huge unemployment from illegals high inflation so far for joeys term .High growth low unemployment is failing miserably? Lol
The debt isn't a feature of bidenomics in particular since we had huge debt under Trump too duhRosy prospects and hopeful cherry-picking of data will not satisfy fiscal managers needing to see some sort of reasonable plan for successfully servicing the US debt, which is not being seen at the present.
3.9 percent is huge? LolYes its failing you left out huge unemployment from illegals high inflation so far for joeys term .
The debt issue isn't unique to bidenAnd yet bankers have had to deal with the US credit downrating due to the poor prospect of servicing the US debt under the current Biden plan. That is not good.
The Trump administration represents a risk to the international economy and global government creditworthiness, according to an unusually sharply worded report by Fitch, one of the leading credit rating agencies.And yet bankers have had to deal with the US credit downrating due to the poor prospect of servicing the US debt under the current Biden plan. That is not good.
S&P rationale for the downgradeAnd yet bankers have had to deal with the US credit downrating due to the poor prospect of servicing the US debt under the current Biden plan. That is not good.
On October 15, 2013, the credit agency Fitch warned that it might cut the U.S. credit rating, citing the political brinkmanship over raising the federal debt ceiling.[33]And yet bankers have had to deal with the US credit downrating due to the poor prospect of servicing the US debt under the current Biden plan. That is not good.
July 2020, Fitch Ratings reaffirmed long-term foreign currency and local current default ratings at AAA but revised the outlook from stable to negative. Fitch noted that the US benefited from issuing debt in the world's reserve currency, but highlighted that the US government had the highest debt of any AAA-rated sovereign, and there was no credible fiscal consolidation plan in light of the economic shock caused by the Coronavirus disease 2019 pandemic. They predicted government debt to exceed 130% of GDP by 2021.[37]And yet bankers have had to deal with the US credit downrating due to the poor prospect of servicing the US debt under the current Biden plan. That is not good.
Democrats have spent more than $8 trillion in 4 years, plunging the US into unsustainable debt no matter who wants to blame whom.The debt isn't a feature of bidenomics in particular since we had huge debt under Trump too duh
Or was Trump doing bidenomics too lol
And gdp and unemployment aren't cherry picking they are key statistics
You are an economic moron
The unsustainable debt is huge and the inflationary rise in interest rates has created the debt disaster we are now facing.3.9 percent is huge? Lol
You are also an economic moron
The debt issue isn't unique to biden
In a weird stroke of irony, the U.S. government’s credit rating was downgraded the same day that Donald Trump was indicted for a historic third time. A top official confirmed Wednesday that part of the reason for the downgrade was increased political divisions, as evidenced by the January 6 insurrection.
Trump cannot be blamed for our current national fiscal woes.The Trump administration represents a risk to the international economy and global government creditworthiness, according to an unusually sharply worded report by Fitch, one of the leading credit rating agencies.
S&P rationale for the downgrade
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On August 5, 2011, representatives from S&P announced the company's decision to give its first-ever downgrade to U.S. sovereign debt, lowering the rating one notch to "AA+", with a negative outlook.[23][24]
Governance and policy-making stability
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S&P was direct in its criticism of the governance and policy-making process, which took the U.S. to the brink of default as part of the 2011 U.S. debt-ceiling crisis that same week:
1st time the American credit rating was lowered was under Obama. The second time was under Biden. Lying leftist looting Democrats blame Republicans for the problems that emerge in their administrations as the result of massive Democrat spending.On October 15, 2013, the credit agency Fitch warned that it might cut the U.S. credit rating, citing the political brinkmanship over raising the federal debt ceiling.[33]
On October 17, 2013, Dagong Global Credit Rating downgraded the United States from A to A- and maintained a negative outlook on the country's credit.[34]