The US just had its credit downgraded for the second time (both times under a democrat). Oil is back over $80 & gas & other inflation categories going up.
Meanwhile the president is sleeping at the beach
The US just had its credit downgraded for the second time (both times under a democrat). Oil is back over $80 & gas & other inflation categories going up.
Meanwhile the president is sleeping at the beach
Dr. Tom--would you vote for Trump if it came to B8den vs Trump?
Originally posted by: tom
The US just had its credit downgraded for the second time (both times under a democrat). Oil is back over $80 & gas & other inflation categories going up.
Meanwhile the president is sleeping at the beach
Yes, and both times it has happened it has been because of Republican hijackers grinding the process to a halt with extremest demands.
https://www.aljazeera.com/economy/2023/8/2/us-credit-rating-downgraded-over-rising-debt-standards-of-governance
“In Fitch’s view, 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,” the rating agency added.
The Associated Press, citing an unnamed person familiar with the situation, reported that Fitch told Biden administration officials that the January 6, 2021 riot at the Capitol was also a factor in the downgrade.
sTuPiD tOm
Originally posted by: tom
The US just had its credit downgraded for the second time (both times under a democrat). Oil is back over $80 & gas & other inflation categories going up.
Meanwhile the president is sleeping at the beach
Typical conservitard dishonest and hypocritical argument: BAD THING! WHO PREZIDUNT? BIDEN! BAD THING BIDENZ FAWLT! DAWWWWWK!
Of course, the credit downgrades have been caused BY REPUBLICAN ACTIONS.
Who controls the budget, stupid Tommie-poo? Hint: not the President.
I also notice that stupid hypocritical Tommie-poo only links Biden and the economy when the news is bad. Good news---well, DAWWWK, that couldn't have anything to do with Biden.
Stupid, worthless, conservitard dumb fuck Tommie-poo.
Not to mention that Dr. Tom (is that doctorate in medicine or economics) is confusing correlation with causation. A basic logic skill that one should learn in the study of any discipline.
PS: Dr. Tom, are you voting for Trump in the 2024 election?
Originally posted by: Vegas Todd
https://www.aljazeera.com/economy/2023/8/2/us-credit-rating-downgraded-over-rising-debt-standards-of-governance
“In Fitch’s view, 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,” the rating agency added.
The Associated Press, citing an unnamed person familiar with the situation, reported that Fitch told Biden administration officials that the January 6, 2021 riot at the Capitol was also a factor in the downgrade.
sTuPiD tOm
2 1/2 years later Jan 6 is a problem? A giant crock.
The conservatives have been saying for years that deficits are
a problem, but the politicians didn't want to be bothered.
So the massive deficits the liberals have been saying is no problem
is coming home to roost
Originally posted by: tom
2 1/2 years later Jan 6 is a problem? A giant crock.
The conservatives have been saying for years that deficits area problem, but the politicians didn't want to be bothered.
So the massive deficits the liberals have been saying is no problem
is coming home to roost
Did you support the Trump tax cut, 82% of which went to corporations or individuals making over $400,000/yr? Did you support the Bush tax cut, similarly aimed at upper income categories? Which is more important to you, a balanced budget or tax cuts?
Originally posted by: tom
2 1/2 years later Jan 6 is a problem? A giant crock.
The conservatives have been saying for years that deficits area problem, but the politicians didn't want to be bothered.
So the massive deficits the liberals have been saying is no problem
is coming home to roost
Yes, it is. Especially when tRump is still lurking about wanting to play dictator again.
Also, it was your orange god that added fully 1/4 to the debt in four fucking years.
sTuPiD tOm
40% of the population provides 13% of the revenue. The top 1% pay 31%. So if taxes are cut, who will get the most benefits? This has been provided before.
https://www.pgpf.org/budget-basics/who-pays-taxes?utm_term=federal%20tax%20paid%20by%20income%20level&utm_campaign=Who+Pays+Taxes&utm_source=adwords&utm_medium=ppc&hsa_acc=1523796716&hsa_cam=723350289&hsa_grp=43665064996&hsa_ad=261796239066&hsa_src=g&hsa_tgt=kwd-311422720471&hsa_kw=federal%20tax%20paid%20by%20income%20level&hsa_mt=b&hsa_net=adwords&hsa_ver=3&gclid=CjwKCAjw_aemBhBLEiwAT98FMk-9lVpNsjM1VvPN4NQwe7oqcrWzNqHLMDGlqrIhbKKoBHgb9lBrYhoCKzsQAvD_BwE
Tax revenue has increased even with the cuts. The problem has been spending which has grown by leaps and bounds
Spending in 2017 was $3.9t. It is now $6t; a 54% increase. Revenue in 2017 was $3.3t and is now $4.6t a 39% increase. The problem is spending not revenue.
Again this evidence has been presented before but the usual suspects choose to ignore & stick to their narrrative.
https://www.presidency.ucsb.edu/statistics/data/federal-budget-receipts-and-outlays
