U.S. Credit Rating Changed From ‘Stable’
To ‘Negative’ As National Debt Balloons
Daily Wire,
by
Leif Le Mahieu
Original Article
Posted By: Imright,
11/11/2023 11:48:58 AM
The U.S. credit rating was given a negative outlook by Moody’s Investor Service in part due to the ballooning U.S. debt.
Moody’s, a global credit rating provider, made the projection on Friday, changing its assessment of the American credit from stable to negative. The news comes as spending and inflation have remained high throughout the Biden administration. “In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues,” Moody’s said in a statement.
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Reply 1 - Posted by:
Birddog 11/11/2023 12:24:14 PM (No. 1596446)
Calling the SDNY prosecutor...and Judge!
It appears Joe-Bidenomics over inflates bottom line valuations and Net Worths! AND he lies about it in official papers and in the public Media!
That's a Felony is it not?
47 people like this.
Reply 2 - Posted by:
LanceLink1 11/11/2023 12:55:02 PM (No. 1596477)
I guess Moody's hasn't heard about bidenomics.......
26 people like this.
Reply 3 - Posted by:
smokincol 11/11/2023 1:10:47 PM (No. 1596505)
it's getting to look like diapers is leaving jimmy carter in the dust for being the worst president in history
38 people like this.
Reply 4 - Posted by:
snowoutlaw 11/11/2023 1:16:27 PM (No. 1596514)
Its not the runaway spending they are worried about its that House Republicans were working to restore fiscal restraint. When the Senate and WH insists on more spending but the House only passes budgets with fiscal restraint some bills may not get paid.
18 people like this.
Reply 5 - Posted by:
SkyKing1222 11/11/2023 1:20:24 PM (No. 1596520)
On the bright side:
The Obidens probably can no longer acquire credit from Deutsch Bank for cash loans to send pallets of money to Iran.
21 people like this.
Reply 6 - Posted by:
Hazymac 11/11/2023 1:38:29 PM (No. 1596535)
What do you expect from Brandonomics? It doesn't matter as long as the money boomerangs back from Ukraine, or from Ukraine's selling of sophisticated military equipment to sympathetic, terroristically inclined characters the world over, or from any of a thousand other overseas money laundering operations. There are palms to be greased, and that's going to require a lot of grease. Maybe more grease than there is in the whole world, kind of like renewable energy trying to run the industrial world, which is impossible, and is not going to happen in our lifetimes. Or our children's.
19 people like this.
Reply 7 - Posted by:
LC Chihuahua 11/11/2023 2:11:24 PM (No. 1596562)
Go out to the debt clock site and it shows a graph where US purchasing power is 3 cents.
It doesn't get better folks.
10 people like this.
Reply 8 - Posted by:
Jesuslover54 11/11/2023 2:33:31 PM (No. 1596574)
Please don't use the passive voice. It didn't just balloon it was made to balloon
25 people like this.
Reply 9 - Posted by:
FormerDem 11/11/2023 3:06:05 PM (No. 1596592)
is Obama the idiot running this so called Administration or is it Jill Biden?
17 people like this.
When an individual credit-card holder charges more than he/she has the ability to pay, he/she feels the pain ruthlessly and swiftly, in the form of high interest to start and then ruined credit record, telephone calls from collection agencies, bankruptcy. Why isn't our federal government subjected to the same pain when it spends more than it's got?
21 people like this.
Reply 11 - Posted by:
Strike3 11/11/2023 7:33:42 PM (No. 1596682)
Great job, Joe! You bloomin' moron.
14 people like this.
Reply 12 - Posted by:
mifla 11/12/2023 5:21:02 AM (No. 1596849)
WH: This administration does not recognize Moody's authority to downgrade our credit rating. Everything is fine, even if the voters are too stupid to realize it."
13 people like this.
Reply 13 - Posted by:
judy 11/12/2023 6:01:48 AM (No. 1596868)
Like Biden said ...there is no inflation, Borders are secure, it's Russia disinformation...
18 people like this.
Reply 14 - Posted by:
Strike3 11/12/2023 7:52:39 AM (No. 1596910)
They need to create new categories like "astronomical" "out-of-control" or "democrat pigs."
8 people like this.
Reply 15 - Posted by:
planetgeo 11/12/2023 8:31:20 AM (No. 1596923)
This is literally not funny. The INTEREST on our current national debt is over 1 TRILLION dollars a year. Guess who is going to have to pay that off, sucker?
12 people like this.
Reply 16 - Posted by:
Dodge Boy 11/12/2023 9:13:36 AM (No. 1596958)
It's too late now. If you have been paying attention, you have already prepped. The federal government is taking on water like a sinking Titanic after hitting the iceberg. Default on the national debt is certain and cannot be prevented. It was reported last week that almost one trillion dollars will be required to service the debt in the current fiscal year. Where does this money come from? The House of Rothschild know.
When the dollar finally collapses, it will be replaced with a central bank digital currency that will track what we spend our money on, where, when, and why. And a CBDC system will come complete with a social credit scoring system courtesy of the surveillance state that will determine how much food we can buy, what bugs we will eat to replace beef and chicken, how much money we will be allowed to have, how much natural gas and electricity we are allowed to use, and how much gasoline for the car we can buy. The scoring system will determine our lifestyles if we behave and are sufficiently green.
Buy and own precious metals for barterability, be as self-sufficient as you and your family possibly can, and don't live in an urban area because desperate hungry people do desperate things. My simple advice - prepare for anything the best you can.
18 people like this.
Reply 17 - Posted by:
Bassman1911 11/12/2023 9:38:31 AM (No. 1596984)
All of this. The complete destruction of America and our way of life just because we had the “nerve” to elect an outsider.
11 people like this.
Reply 18 - Posted by:
Zigrid 11/12/2023 9:51:30 AM (No. 1596993)
Not a surprise...just what the obama/biden regime wanted....an unstable economy to cause more difficulties for Americans....just what the rats wanted all along.....okay...so give US your best shot...WE can overcome anything you lay in our path...WE are Americans.....
9 people like this.
Reply 19 - Posted by:
LC Chihuahua 11/12/2023 10:36:36 AM (No. 1597029)
#16 is 100% correct. This cannot be fixed. Our government does not want to fix it. The only question left to me is how much the government will confiscate. Commies are big on confiscation. Hard to protect your investment if the government just seizes everything. Protect yourself and your loved ones as best you can. Know your surroundings. Move if they are too dangerous. If the government continues on its present course, everything will get much more dangerous.
8 people like this.
Reply 20 - Posted by:
red1066 11/12/2023 11:37:31 AM (No. 1597056)
Obozo's plan is working. Install a complete idiot that can be controlled with a backup as VP whose even dumber, then proceed to bankrupt the country with useless spending and flood the country with illegals that will all be on welfare and food stamps forever.
6 people like this.
Reply 21 - Posted by:
Philipsonh 11/12/2023 12:28:22 PM (No. 1597077)
The WH, with Dems in power in the Senate, blames the Republicans. What hypocrisy, and evil.
4 people like this.
Reply 22 - Posted by:
Strike3 11/12/2023 12:40:46 PM (No. 1597086)
The tracking of spending would be a great idea if were only applied to the federal government. They would not be able to hide what they spend on their woke agenda, climate change, paying for the care and feeding of third world dictators, funding terrorism, ratholes like Africa, Puerto Rico, half of South America, bioweapons, support of leftist fringe groups, save the --------- (fill in your favorite animal or fish), exploration of pieces of rock in the solar system, financing our enemies, spying on Americans, arming every geek accountant who works for the feds, meddling in every private industry in the country, endless regulations to make our lives miserable and paying the salaries and pensions of thousands of useless affirmative action government employees. It's a long and disgusting list which they need to hide or face revolt. Hopefully our credit rating gets so bad that they will not be able to borrow any more money then they will be reduced to printing more and more money until the printing presses break.
5 people like this.
Cloward & Piven personified.
7 people like this.
Reply 24 - Posted by:
udanja99 11/12/2023 6:30:35 PM (No. 1597235)
I’ll go you one better, #17. All this because we denied Hitlery her coronation.
3 people like this.
Reply 25 - Posted by:
Lawsy0 11/12/2023 9:12:04 PM (No. 1597299)
F.J.B.
2 people like this.
Reply 26 - Posted by:
ldb51 11/12/2023 10:46:26 PM (No. 1597334)
Kiss of death financially, and Biden meets with Xi on Wednesday to receive his check... and marching orders.
0 people like this.
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