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  Topic: Moody´s: US finances set to
´deteriorate,´ risking credit rating
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Moody´s: US finances set to
´deteriorate,´ risking credit rating

Washington Examiner, by Joseph Lawler

Original Article

Posted By:KarenJ1, 2/9/2018 12:36:54 PM

U.S. government finances are going to "deteriorate" in the years ahead, Moody´s Investors Service said Friday, which will eventually put the country´s triple-A rating at risk. The credit rating agency noted in an in-depth report on the government´s fiscal situation that its balance sheet will "continue to weaken over the coming decade and become a source of downward pressure on the credit profile." Moody´s specifically cited the tax cut signed into law by President Trump in January, which is estimated to add around $1 trillion to deficits over the next decade. Trump also a budget bill Friday meant to allow Congress to

Comments:
This really frightens me. Where are all those fiscally responsible Republicans? What those politicians in DC are doing is horrific. They are so reckless and irresponsible. Will this further cause the stock market to tank? This is unsettling to say the least.

      


Post Reply  

Reply 1 - Posted by: rolfnader, 2/9/2018 12:44:52 PM     (No. 11538677)

Oh , don´t be silly! We´re being watched over by Ms McConnell and Paoool RINO.What could go wrong?- these guys have been in congress for a LONG time, after all.

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Reply 2 - Posted by: John56, 2/9/2018 12:48:00 PM     (No. 11538681)

Or maybe all that new tax revenue from income and business growth, plus fewer people on the dole (welfare,food stamps) will IMPROVE our credit rating.

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Reply 3 - Posted by: Ravenhaven, 2/9/2018 12:49:18 PM     (No. 11538684)

Wow, who knew that after $9 trillion incinerated by Obama, a $1 trillion return of taxes to the people who earned the money, resulting in prosperity and even greater tax collections (Laffer Curve) would destroy the nation´s finances? Goes to show ya!

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Reply 4 - Posted by: FormerDem, 2/9/2018 12:49:31 PM     (No. 11538686)

blaming pdjt for p44 overspending. but i think p45 will manage it ok.

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Reply 5 - Posted by: faldo, 2/9/2018 12:57:57 PM     (No. 11538698)

Obama´s Moody´s cued to the music...I broke out Ellingtonia ´56 to join the fun. The Rabbit, Johnny Hodges has plenty to say...!

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Reply 6 - Posted by: Whamdbambam, 2/9/2018 12:59:38 PM     (No. 11538701)

Where were they during the last eight years?

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Reply 7 - Posted by: MattMusson, 2/9/2018 1:24:13 PM     (No. 11538717)

We all knew this! And the ONLY WAY to deal with the problem is: GROW THE ECONOMY!

And, that takes a Donald Trump.

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Reply 8 - Posted by: Hotrod, 2/9/2018 1:26:18 PM     (No. 11538719)

Expansion of the economy and growth of business and wages will provide increasing government revenues. Trouble is, they can´t put a number on it, so they assume the worst.

I guess if things go to Hell in a hand basket, we will have to cut foreign aid even more and get more mooches off the welfare program. Maybe even reduce the size of government a lot more!

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Reply 9 - Posted by: Nevadadad46, 2/9/2018 1:26:26 PM     (No. 11538720)

Okay. (sigh!) I´ll drag out the Nevadadad Triduodecahedron future telling device and see what it says about this- Consulting, consulting. Ah, there it is. It´s - wait- focus, focus- dial in three years in the future- Ah, clear. "The Triduodecahedron says, US finances to (wait for it!) remain stronger than ever for the next three years and - Donald Trump is to be reelected in a landslide of historical proportions."

Whoa! What a bonus. I did not even ask about the election of 2020. Whadaya know about that?

And everyone already knows the patented Nevadadad Triduodecahedron Future Telling Device is every bit as good as any other future telling device, even the one at Moodys, which I bet cost a lot more.

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Reply 10 - Posted by: rubberneck, 2/9/2018 1:28:29 PM     (No. 11538723)

I´m hoping Trump doesn´t end up bogged down in the swamp! I´ve got confidence in him (still)... but the confidence is rattled a bit by our do-nothing deep-state Congress (only about 10 of whom seem to even care about the National Debt any more) and the faceless pulsating-amoeba bureaucracy that only grows.

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Reply 11 - Posted by: jntsrgn, 2/9/2018 2:08:26 PM     (No. 11538758)

Tax cuts do not add to deficits. Only spending adds to a deficit.

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Reply 12 - Posted by: dvc, 2/9/2018 3:46:05 PM     (No. 11538836)

Stupid,stupid, stupid (intentionally misleading?) ´economics views, ignoring the huge increases in tax revenues that the tax reduction, business expansion, and returning moneu from overseas will have on the deficit.

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Reply 13 - Posted by: dvc, 2/9/2018 5:41:50 PM     (No. 11538960)

Apparently Krugman´s Idiots have the reins at Moody´s these days.

It was fine for The Zero to add $10 trillion to double the debt in 8 yrs, but this possible deficit will be the end of everything?

No buying the BS they are selling.

I suppose ignorant children born after ´86 cannot grasp that the economy will grow a lot due to the Trump tax cuts. I took Macroeconomics in college, and the text was very, very slanted. Fools like Galbraith and Paulson were honored with pages of explanation, while the genius Milton Friedman got 4 or 5 paragraphs in a sidebar. Even then, it was obvious to me that Paulson and Galbraith were full of it, and Friedman had it figured right. Since most of these dimbulbs probably got the same or worse brainwashing, and believed it, likethat fool Krugman, they are educated idiots.

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