Bidenomics: Fitch downgrades USA long-term credit rating

[Weatherman2020]

Now two-out-of-three of the US credit rating agencies have the US at sub-AAA.
Global markets will likely crash.

Maybe Democrats can print up and spend a few more trillion to help our credit rating!

Fitch downgrades USA long-term credit rating to AA+ from AAA | Forexlive

Fitch downgrades the USA's credit rating

www.forexlive.com

 

[1srelluc]

It seldom comes back once downgraded either.

 

[Thunk]

The filth will blame Trump in 4...3...2...

 

[Thunk]

Ya know this by itself will raise interest rates even further.

This is the intentional dismantling of the USA.

 

[Weatherman2020]

Ya know this by itself will raise interest rates even further.

This is the intentional dismantling of the USA.

Big market crash coming.

 

[two_iron]

The notion of that stuttering fucktard with one finger in a 9-year old and the other one on the nuclear buttons should scare the living shit out of the credit agencies.

We'll be lucky to make it through this week. Tell me when the divorce is final.

 

[Harpy Eagle]

Big market crash coming.

 

[Harpy Eagle]

Why did they lower it you might ask...

“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said Tuesday.

“In addition, the government lacks a medium-term fiscal framework, unlike most peers, and has a complex budgeting process.”


So, is this the fault of one person or one party or is it a group effort?

 

[Weatherman2020]

Market dropped 7% in one day when S&P downgraded.
That 2 outa 3 now.
Fitch:
Ratings Downgrade: The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to 'AA' and 'AAA' rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.

LETS GO BRANDON!

 

[Harpy Eagle]

Market dropped 7% in one day when S&P downgraded.
That 2 outa 3 now.
Fitch:
Ratings Downgrade: The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to 'AA' and 'AAA' rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.

LETS GO BRANDON!

Yes, Biden alone is reasonable for the repeated debt limit standoffs and last-minute resolutions.

 

[Weatherman2020]

Why did they lower it you might ask...

“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said Tuesday.

“In addition, the government lacks a medium-term fiscal framework, unlike most peers, and has a complex budgeting process.”


So, is this the fault of one person or one party or is it a group effort?

Suddenly Bidenomics is meaningless!

 

[Harpy Eagle]

Market dropped 7% in one day when S&P downgraded.

It is safe to assume you have pulled all your money out of the market?

 

[Harpy Eagle]

Suddenly Bidenomics is meaningless!

A term I have never used, so it has always been meaningless to me

 

[Weatherman2020]

A term I have never used, so it has always been meaningless to me

Ya, of course you think Joe printing up a few extra trillion and dumping it into the economy is no big deal.

 

[Harpy Eagle]

Ya, of course you think Joe printing up a few extra trillion and dumping it into the economy is no big deal.

When your god did it during his 4 years you did not give one flying fuck. Thus you have no credibility on the subject.

Me, I have been bitching about the spending for 30 years no matter what party is in office.

 

[Thunk]

This reminds me of when an alien race made a fake capt. picard and replaced him. He kept ordering they move the enterprise closer to the sun to see if they would follow orders until they all died.

Will we follow this fake president until we all die?

 

[Weatherman2020]

When your god did it during his 4 years you did not give one flying fuck. Thus you have no credibility on the subject.

Me, I have been bitching about the spending for 30 years no matter what party is in office.

Pathetic liar.

 

[Harpy Eagle]

Pathetic liar.

Yes, we already knew that about you, you did not need to tell us again.

 

[CrusaderFrank]

Good thing Kevin McCarthy drive suuuuuch a tough bargain

 

[FA_Q2]

Why did they lower it you might ask...

“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said Tuesday.

“In addition, the government lacks a medium-term fiscal framework, unlike most peers, and has a complex budgeting process.”


So, is this the fault of one person or one party or is it a group effort?

It interests me that they cite the debt celling as a problem when the US, for the first time in a while, solved that issues for multiple years. The timing tells me that this particular reason is just bullshit.

If It was the debt celling that drove this why are we downgraded now rather than when we were fighting over it every year?