A reminder that so many forget and media and their billionaire owners dont want you to remember: What the US credit downgrade means for the economy..

[shockedcanadian]

Remember that just over a year ago the U.S credit rating was downgraded for just the second time in history?

Does anyone care anymore? You will continue to pay higher rates at record deficit levels. It's all astonishing to me.

What the US credit downgrade means for the economy, your finances​

What the US credit downgrade means for the economy, your finances

The rating from Fitch marked the second credit downgrade in U.S. history.

abcnews.go.com

A rating agency downgraded U.S. credit for the second time in the nation's history on Tuesday, sounding an alarm with implications for the economy and everyday people's finances if U.S. debt continues to grow, analysts told ABC News.

Fitch Ratings lowered the country's credit rating to AA+ from AAA, citing the ballooning U.S. debt load and a weakening of governance. On top of that, Fitch expects the U.S. to enter a recession later this year, the agency said.

The rating downgrade comes months after a federal stalemate delayed a debt-ceiling agreement until days before the U.S. was expected to lose its ability to pay outstanding financial obligations.

Analysts downplayed the immediate economic effect of the rating decision but said it marks a significant milestone on a path of increasing debt that could ultimately raise the nation's borrowing costs, threaten economic growth and hike interest rates for consumer loans like credit cards and mortgages.

 

[justoffal]

Remember that just over a year ago the U.S credit rating was downgraded for just the second time in history?

Does anyone care anymore? You will continue to pay higher rates at record deficit levels. It's all astonishing to me.

What the US credit downgrade means for the economy, your finances​

What the US credit downgrade means for the economy, your finances

The rating from Fitch marked the second credit downgrade in U.S. history.

abcnews.go.com

A rating agency downgraded U.S. credit for the second time in the nation's history on Tuesday, sounding an alarm with implications for the economy and everyday people's finances if U.S. debt continues to grow, analysts told ABC News.

Fitch Ratings lowered the country's credit rating to AA+ from AAA, citing the ballooning U.S. debt load and a weakening of governance. On top of that, Fitch expects the U.S. to enter a recession later this year, the agency said.

The rating downgrade comes months after a federal stalemate delayed a debt-ceiling agreement until days before the U.S. was expected to lose its ability to pay outstanding financial obligations.

Analysts downplayed the immediate economic effect of the rating decision but said it marks a significant milestone on a path of increasing debt that could ultimately raise the nation's borrowing costs, threaten economic growth and hike interest rates for consumer loans like credit cards and mortgages.

You know what? Screw the dollar....go crypto!

 

[The Irish Ram]

It is time to get the Central Bank out of our lives, and take control of our own Treasury. Enough of the Federal Reserve Corporation deciding our interest rate, deciding if they'll give us a recession, or print more money or borrow more money. They serve no purpose, and are not interested in our well-being.

We need the dollar to be king, and backed by gold.

 

[jotathought]

Why have credit downgrades happen under Democrat leadership? Last time was under Obama back in 2011.

 

[Moonglow]

It is time to get the Central Bank out of our lives, and take control of our own Treasury. Enough of the Federal Reserve Corporation deciding our interest rate, deciding if they'll give us a recession, or print more money or borrow more money. They serve no purpose, and are not interested in our well-being.

It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve: Conducts the nation's monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy.

 

[Moonglow]

Why have credit downgrades happen under Democrat leadership? Last time was under Obama back in 2011.

When the House controls the purse strings of the government and who was in charge of the House in both instances?

 

[The Irish Ram]

Public interest my ass, Moon. They are corporate bankers. They have usurped our economy and taken us to the point of financial disaster.

 

[IM2]

Remember that just over a year ago the U.S credit rating was downgraded for just the second time in history?

Does anyone care anymore? You will continue to pay higher rates at record deficit levels. It's all astonishing to me.

What the US credit downgrade means for the economy, your finances​

What the US credit downgrade means for the economy, your finances

The rating from Fitch marked the second credit downgrade in U.S. history.

abcnews.go.com

A rating agency downgraded U.S. credit for the second time in the nation's history on Tuesday, sounding an alarm with implications for the economy and everyday people's finances if U.S. debt continues to grow, analysts told ABC News.

Fitch Ratings lowered the country's credit rating to AA+ from AAA, citing the ballooning U.S. debt load and a weakening of governance. On top of that, Fitch expects the U.S. to enter a recession later this year, the agency said.

The rating downgrade comes months after a federal stalemate delayed a debt-ceiling agreement until days before the U.S. was expected to lose its ability to pay outstanding financial obligations.

Analysts downplayed the immediate economic effect of the rating decision but said it marks a significant milestone on a path of increasing debt that could ultimately raise the nation's borrowing costs, threaten economic growth and hike interest rates for consumer loans like credit cards and mortgages.

Shut the hell up Canuck.

 

[shockedcanadian]

Shut the hell up Canuck.