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It’s the erosion of our government that caused this.
Erosion??? It's bigger, more powerful and overly funded, bloated and doing things never intended by the Founders and Constitution.
You just want government to tell you how to breath, eat, sleep, etc. You and people like you are the problem. Think, act and do for yourself. Don't look to government to fix everything and run your life and everyone else's.
And the debt ceiling limits the total amount of money the government can borrow to pay its current bills. It is not about future debt; it is about paying what the country already owes.
you think I care what trumpo says.....
the debt ceiling limits are about future debt..... why do you think the dems were pushing MORE SPENDING with the limit raise.... why do you think they suspended it out to 2025.... what is that number going to be in 2025...40 trillion..... wake up man
The threat of default happens every time the USA hits the debt ceiling. That circus that hapapens every time we get there is what they say is bad governance. And it is a red and blue issue.
Fitch so much as said the thret of a recession or even a recession isn't the problem...it's the 'chaos' around the debt ceiling.
We can agree that it seems to be an odd argument that poor governance of the USA for the last 25 years is why today they are downgrading the credit. Why wait 25 years ---lol.
Short term impact on the stockmarket -- not good.
Long term impact -- maybe it will encourage our politicians to be more fiscally responsible.
And drop - it is all about the Democrats.....Because Republicans haven't been great with cutting debt, fiscal responsibility either. They don't spend less, they spend differently.
It’s the erosion of our government that caused this.
actually, the opposite..... not erosion of the federal government, but the federal government becoming too powerful
for example, if the current admin, which is stating they have reduced the deficit, was telling the truth, then the 1t deficit would not have increased to a 2t deficit.
sure its great spin to say "I reduced the deficit", but when the math is easily checked, and you are PROVEN to be inaccurate, doesn't look too good, for your word, or your spin-doctors writing ability.
There are too many programs that overlap one another. The giveaways are getting l more expensive . Any illegal that has a baby or a few babies here can now collect welfare, food stamps ,housing. They see this loophole as a good way to collect money from our tax base. And they brag about it. Meanwhile we have older adults on a fixed income that worked like dogs and are still getting very little. They were brought up in an era of hard work and don't ask for anything. They know the meaning of sacrifice. And this kind of person loves America.
Trump should have vetoed all of this deficit spending, & hung it all on the Dems...but he didn't.
So, interest on the debt is now >$450B/yr.. What could we do w/ those $'s, if we weren't spending it on interest? We could build 15 nuclear power plants/yr, & erase our cabon footprint.
Thus, debt = carbon...Dems = debt, so Dems = carbon
(mostly Dems, but the Pubs own much of the debt too, but to a lesser extent)
Translation: Fitch refuses to run cover for the administration so it must be discredited.
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