Bidenomics

Liberals, and especially PJ will tell us that the deficit and debt went up under Republican presidencies.  Look over the last 50 years on the government spending pie (You won't because you're Liberals), and let me know how many times a Republican House, Senate, or President voted to increase spending on the pieces of pie that have become bloated.  The increases all happened with a concession to Democrats.  Okay, PJ will find one or two instances to the contrary, but the GOP has not been demanding increases on free shit, and that's the bloat and deficit.  Lyin' Liberals will tells us that it's all military, but here's the truth.  I didn't cherry pick data like Libs do.

Percentage of GDP spent on the military.

1960     8.7%

1970     8.1%

1980     4.6%

1990     4.8%

2000     3.3%

2010     3.4%

2020     3.6

Never believe a Lyin' Libereal.

Dance all that you like.

Who controls the budget, stupid Tommie-poo? Hint: not the President.

The largest deficits came under a democrat Congress.

Note that I blamed politicians not a specific party.  A distinction over kevin's limited intelligence  

  Limited? - You give him too much credit...

Tom said Republicans threatening a shutdown of the government was no big deal.   Fitch specifically cited that aspect of our Congress as part of their reasoning for their downgrade.   And here Tom is crying about iberals and stuff.

Here's the big elephant in the room:    There's a reason why Republicans are running their campagins on "woke people" and "rigged indictments" and  "Hunter Biden".   Know why?  They cant really complain about the economy, jobs, inflation or foreign policy.     And good luck with that.   And good luck with your insurrectionist candidate.

Now for the truth; not the democrat spin

Fitch announced Tuesday it has officially downgraded the United States' long-term foreign-currency issuer default rating to "AA+" from "AAA," saying the downgrade "reflects the expected fiscal deterioration" and the nation's heavy debt burden.

The ratings agency pointed the America's "erosion of governance," rising deficits, and tightening by the Federal Reserve. It also said its expects the U.S. economy to slip into a mild recession in the fourth quarter.

Bingo.    And they extrapolate by what they mean about "erosion of governance"   Tom, remember how you kept saying how great it was Republicans were threatening to shut down the government ?     Well - here ya go, buddy !

"Fitch had warned May 24 that it could remove the government’s triple-A rating as Congress again struggled to raise the borrowing limit. A deal was reached nearly a week later that suspended the limit and cut about $1.5 trillion from the government deficit over the next decade.

Fitch cited the worsening political divisions around spending and tax policy as a key reason for its decision. It said U.S. governance has declined relative to other highly rated countries and it noted “repeated debt limit standoffs and last-minute resolutions.”

     And to imagine that this has happened to America in just 2 1/2 + years under the brain dead Biden Administration.   Who knew?  

And they extrapolate by what they mean about "erosion of governance

Or more likely it means the democrats are unable to accept the reality that the US cannot run trillion dollar deficits forever.

With the $100b annual cut they acted like the US would collapse

Did Trump or Bush "accept the reality that the US cannot run trillion doller deficits"?  Let me guess, the answer is to give a trillion dollar tax cut.  You know, the slower you drive, the quicker you will get there; the fewer classes you take, the sooner you will graduate; the less you save for retirement the richer you will be in your golden years.  Your simplistic confusion between correlation and causation is leading you, conveniently, right into your ironclad economic dogma.  

uh-huh