By Stephen Frank
At the exact same moment, within minutes, of the newest election interference by the Biden Crime Family announcing the indictment of President Trump, a REAL story broke.
“Fitch Ratings downgraded the credit rating of the U.S. on Tuesday, saying the country’s growing debt and repeated standoffs over the borrowing limit make it less trustworthy then before.
Fitch downgraded the U.S. from a rating of “AAA” to “AA+” after several years of high-risk partisan battles over the debt limit. Those battles, Fitch said, have led to a spiraling national debt and a lack of faith in the U.S. government to handle it.”
The D.C. does not want to let you know that when the credit rating goes down, interest rates will go up. That massive $32 trillion debt, which grew by $400 billion in just the last month is going to cost more in interest payments.
As written before, they should have shut down the government, made the cuts needed and stopped any increase in the national debt. Bidenonomics is killing the middle class—and they try to hide it with an indictment against free speech. Have the Biden Crime Family put the whole nation in a death loop
Fitch downgrades US credit rating over rising debt, repeated standoffs
Fitch Ratings downgraded the credit rating of the U.S. on Tuesday, saying the country’s growing debt and repeated standoffs over the borrowing limit make it less trustworthy then before.
Fitch downgraded the U.S. from a rating of “AAA” to “AA+” after several years of high-risk partisan battles over the debt limit. Those battles, Fitch said, have led to a spiraling national debt and a lack of faith in the U.S. government to handle it.
“There has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” Fitch wrote.
“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management.”
Fitch’s downgrade comes roughly three months after President Biden signed a deal to raise the debt limit just days before the U.S. was expected to default on the national debt.
Fitch warned then that the growing debt — now well over $32 trillion — and Congress’s inability to manage it in a productive and responsible way posed threats to the country’s creditworthiness.
“The government lacks a medium-term fiscal framework, unlike most peers, and has a complex budgeting process. These factors, along with several economic shocks as well as tax cuts and new spending initiatives, have contributed to successive debt increases over the last decade,” Fitch said Tuesday.
“Additionally, there has been only limited progress in tackling medium-term challenges related to rising social security and Medicare costs due to an aging population.”
When you juxtapose the joe corruption being made public with the 3 Trump indictments a pattern emerges.
The indictments are distractions…..
June 8: the GOP views the 1023 bribery forms.
June 9: Trump indicted.
July 26: Hunter’s plea deal falls apart.
July 27: More charges from Jack Smith on Trump added.
July 31: Devon Archer testifies.
Aug 1: Trump indicted, again.
One thing pointed out today was that when there are serious problems with the economy, all the Democrats do is blame someone else. They don’t develop plans for different policies or reverse bad trends. They just blame others. This creates NO faith in the US government’s ability to prevent economic disaster, which is absolutely correct. Democrats are a disaster, just hoping things suddenly turn out better than have the intelligence to do something better.