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Both times Republicans threatened to become deadbeats. That is the only reason for the downgrade.
Take responsibility for your failure.
Fitch downgrades U.S. long-term rating to AA+ from AAA
great job Biden .. the only times rating agencies have ever downgraded US treasuries was under Democrat Presidents .. Obama in 2011 and Biden in 2023!! what does that tell you.. let all the liberals know what they have caused
Take responsibility for your failure.
Tell it, ducks.
Testify!!!
credit event. interesting. I hear BOJ has some difficult choices right now..
will risk on strategies come back into view?
the previous year was notable for treasurys decoupling from securities and dipping even further.
Last edited by Winehole23; 08-02-2023 at 03:49 AM. Reason: noatable is not a word
I think this has happened in the US like, one or two other times.
(That's recalled by heart. I'll look it up if anyone cares.)
Of course the biannual GOP debt ceiling showdown as specifically cited by Fitch has nothing to do with it.
Prove it, big mouth. Chop/chop!!!
ducks caught ya's unawares, huh, and nailed your asses to the barn door just after midnight.
ducks
https://www.npr.org/2023/06/05/11791...se-republicansDespite the deal, he and his colleagues felt strongly that the country's political divisions were making it too difficult for the government to make critical decisions about its finances and its policies.
So the committee Chambers chaired held an up-or-down vote, and S&P rendered its judgment: to lower the U.S. credit rating by one notch, to AA+.
So this downgrade is political and not based on the US ability to pay interest on its debt. Stock market and 401K bare the brunt of this downgrade
Those 2 democracts divided the nation more then any presidents ever
Very terrible people
Biden proof got paid by China
Was talking to son on business deals as senator and vp
I don't see riots in the streets....
Tell it, ducks.
Testify!!!
You only rioted to get rid of Trump. Once rid of same, you quit rioting. You're rioters, not fools.
So you think bringing Trump back is a good idea?
...but it's the age old "Jaws" thingy, ducks. I say "barracuda," you say "huh, what?" I say "shark" and you say..."uh, oh, OMG."
I say "Biden got paid by China, was talking to son..." You say "huh,l what?" I say "Trump inresurrected," and you say "uh, oh, OMG."
Cubby's a Wallace Democrat
Absolutely. I want to see your side driven before the horde. I want to see your side pay for their damnation's against Trump. I want to see him persevere in the broad daylight and go back in there. Yes, a thousands times yes, dan. Will I get it? I don't think so, but it's all I got.
idk man...im all with you on taking down the shadow government, but you need a better pony
...absolutely...know it by heart, bum..."From the cradle of the Confederacy, the very heart of the great Angle Saxon South-land today we sound the call of freedom. Let us rise to the call of freedom loving blood that is in us...in the name of the greatest people who has ever trod this earth..."
Some times when the kids are over for dinner and we're watching the CNN they'll have a story that gets my goat and I'll start right on in..."From the cradle..."
From the kitchen area: "Dale! And I mean it now!"
...that'll never happen. We're in way too deep now. All we have now is the memories and they'll have to do, and they do, at least for me, sometimes. Like today.
Mostly but not entirely. They also cite the impending recession as a factor in the downgrade. It's coming next quarter for however many quarters it takes to arrive.
How has recession historically affected the US ability to pay its debt?
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