Ordinary Guy
Diamond Member
- Jul 16, 2021
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Biden held office during the last two downgrades, only an idiot does not realize the problem
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Biden Has Downgraded US Debt
- Thread starter Independent thinker
- Start date
BackAgain
Neutronium Member & truth speaker #StopBrandon
The most relevant part of the story was this quote (link in OP):
“Fitch also highlighted the rising general government deficit, which it anticipates will rise to 6.3% of gross domestic product in 2023, from 3.7% in 2022.”
The deficit is a nation killer: and it came close to doubling on ONE fucking year under President Potato.
“Fitch also highlighted the rising general government deficit, which it anticipates will rise to 6.3% of gross domestic product in 2023, from 3.7% in 2022.”
The deficit is a nation killer: and it came close to doubling on ONE fucking year under President Potato.
That, folks, is the answer to why everything went to hell in a handbasket in an accelerated fashion. Capitalism is no longer viable, the total theft of the future no longer works. Global debts have reached $325 trillion (4 of Earth's GDP), expected to reach $500 trillion by 2030
No matter how you spin this thieving capitalist formation, it does not work, except for the option of "increasing efficiency", by cutting costs, by destroying many millions of "inefficient" people. Only nowadays 90% utilization is required. That's what the thieves are doing now.
Marx did not introduce the concept of "the blind force of history" for nothing.
A class driven by an irresistible passion for profit is objectively a force of Evil, especially the ruling class.
And here individual bourgeois donating change for benevolence will not help. A crocodile is a crocodile, the vector of evil cannot be changed.
Global debts have reached $325 trillion (4 of Earth's GDP), expected to reach $500 trillion by 2030
Global savings are expected to reach $500 trillion by 2030?
/——/ Move to Cuba. No one will miss you.That, folks, is the answer to why everything went to hell in a handbasket in an accelerated fashion. Capitalism is no longer viable, the total theft of the future no longer works. Global debts have reached $325 trillion (4 of Earth's GDP), expected to reach $500 trillion by 2030
No matter how you spin this thieving capitalist formation, it does not work, except for the option of "increasing efficiency", by cutting costs, by destroying many millions of "inefficient" people. Only nowadays 90% utilization is required. That's what the thieves are doing now.
Marx did not introduce the concept of "the blind force of history" for nothing.
A class driven by an irresistible passion for profit is objectively a force of Evil, especially the ruling class.
And here individual bourgeois donating change for benevolence will not help. A crocodile is a crocodile, the vector of evil cannot be changed.
otto105
Diamond Member
- Sep 11, 2017
- 34,445
- 11,024
- 1,315
it was downgraded due to maga shut the government down fuckups in congress.Hell of a country we live in. Biden and the Democrats have added so much onto our national debt that the US debt has been downgraded. People can't afford gas or groceries or rents or homes. Evictions are at an all time high. Foreclosures are at an all time high. Auto loan delinquencies are at an all time high, credit card debt is at an all time high, withdraws from retirement accounts are at an all time high, and people can't afford to make payments on their student loans. We are on the brink of a nuclear WWIII, North Korea is after us, Iran is after us, and 70% of Americans say the country is on the wrong track.
Oh, and Biden & Co are out there on a tour right now telling us all how great things are.
Stocks plunge as credit downgrade rattles Wall Street: Stock market news today
Stocks slid Wednesday after the Fitch agency downgraded US credit.finance.yahoo.com
/—-/ So Dementia Joe is proven helpless and incompetent to do anything right once again.it was downgraded due to maga shut the government down fuckups in congress.
otto105
Diamond Member
- Sep 11, 2017
- 34,445
- 11,024
- 1,315
No, President Biden got a debt ceiling/spending deal in place./—-/ So Dementia Joe is proven helpless and incompetent to do anything right once again.
Now the maga fuckups in congress are working to fuck things up again.
Another temper tantrum by them.
/——/ And got our stellar Trump credit rating trashed. Thanks for nothing.No, President Biden got a debt ceiling/spending deal in place.
Now the maga fuckups in congress are working to fuck things up again.
Another temper tantrum by them.
otto105
Diamond Member
- Sep 11, 2017
- 34,445
- 11,024
- 1,315
Blame you magat pols for acting like children./——/ And got our stellar Trump credit rating trashed. Thanks for nothing.
Say what happened to the AG bill in the house?
otto105
Diamond Member
- Sep 11, 2017
- 34,445
- 11,024
- 1,315
You can read about the fuckups in the house right here.
House GOP bails on funding fight amid conservative impasse
House GOP bails on funding fight amid conservative impasse
/——/ Why fid democRATs hold out on spending cuts? Any rationale for that royal screw up?Blame you magat pols for acting like children.
Say what happened to the AG bill in the house?
otto105
Diamond Member
- Sep 11, 2017
- 34,445
- 11,024
- 1,315
Because the cuts proposed by maga fuckups would have been harmful to our economy./——/ Why fid democRATs hold out on spending cuts? Any rationale for that royal screw up?
Why do maga republics protect the very rich, but not the average taxpayer every time.
Ringo
Gold Member
Why not?Global debts have reached $325 trillion (4 of Earth's GDP), expected to reach $500 trillion by 2030
Global savings are expected to reach $500 trillion by 2030?
otto105
/——-/ Bullshyt - name them.Because the cuts proposed by maga fuckups would have been harmful to our economy.
Why do maga republics protect the very rich, but not the average taxpayer every time.
/——-/ Reigning in democRAT out of control spending is childish?Blame you magat pols for acting like children.
Say what happened to the AG bill in the house?
No, President Biden got a debt ceiling/spending deal in place.
Now the maga fuckups in congress are working to fuck things up again.
Another temper tantrum by them.
By reducing Biden's debt increases.
This is a lie.Hell of a country we live in. Biden and the Democrats have added so much onto our national debt that the US debt has been downgraded. People can't afford gas or groceries or rents or homes. Evictions are at an all time high. Foreclosures are at an all time high. Auto loan delinquencies are at an all time high, credit card debt is at an all time high, withdraws from retirement accounts are at an all time high, and people can't afford to make payments on their student loans. We are on the brink of a nuclear WWIII, North Korea is after us, Iran is after us, and 70% of Americans say the country is on the wrong track.
Oh, and Biden & Co are out there on a tour right now telling us all how great things are.
Stocks plunge as credit downgrade rattles Wall Street: Stock market news today
Stocks slid Wednesday after the Fitch agency downgraded US credit.
Because the cuts proposed by maga fuckups would have been harmful to our economy.
Why do maga republics protect the very rich, but not the average taxpayer every time.
When was the last time the dems cut taxes for the average taxpayer?
Why not?
I wish the US government was only spending $1 trillion.
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