Posted on 05/25/2023 5:43:32 AM PDT by Kaiser8408a
What happened to Biden? He used to be a “reasonable” Senator (reasonable for a racist Democrat, that is), willing to negotiate with the opposition on budgetary issues and the debt ceiling. Now we have “Progressive Joe” who is acting like crazy Progressive Congresswoman Pramila Jayapal from Seattle. {Aka, Seattle’s Worst!} But his newly found Progressive identiy is leading down a terrible path. Rating agencies are putting the US of credit watch because of Biden’s newly found Progressive back bone. (Progressive means progressing towards full blown Communism).
Ratings company warns on worsening political partisanship US AAA ratings on review with negative implications at DBRS The tension around the US debt-limit negotiations ratcheted up after Fitch Ratings warned the nation’s AAA rating was under threat from a political standoff that’s preventing a deal.
Fitch may downgrade its assessment to reflect the increased partisanship that is hindering a resolution despite the fast-approaching so-called X date, it said, referring to the point at which Washington runs out of cash. It moved the US to “rating watch negative” under its classification. Meantime, DBRS Morningstar placed the US ratings of AAA under review “with negative implications.”
Markets have been showing increasing nervousness over the standoff, with Treasury-bill yields slated to mature early next month surging past 7%, while the S&P 500 Index has declined for two days. Economists project a US default could trigger a recession, with widespread job losses and a surge in borrowing costs.
Biden’s childish refusal to reduce his insanely huge budget (crammed with pork for large donors and Progressives) is causing ripples to be felt overseas. Look look at the Japanese Yen.
Pramila Jayapal, Joe Biden’s intellectual soulmate.
(Excerpt) Read more at confoundedinterest.net ...
I was wondering when these credit-rating jackasses were going to get unwoke and start criticizing FJB’s spending on foreigners and college loan deadbeats like a drunken pirate. Damn he’s a stupid bass turd.
Biden was never “ reasonable”
He is and was stupid, mean, narcissistic and used seeming affability to manipulate people….including as a cover to molest gjrls and women right in front of their families
Now he’s also senile
Are they trying to inflate away the Debt?
There are three ways for a government to pay for debt: issue new debt, collect taxes, and cause inflation.
Incompetence or Malice?
Joe is dumbas dirt... but, the people in his administration are arrogant, biased, certifiable and immeasurably corrupt!
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