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The U.S. loses its Moody's AAA credit rating

Discussion in 'Too Hot for Swamp Gas' started by citygator, May 18, 2025 at 6:45 PM.

  1. citygator

    citygator GC Hall of Fame

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    I am sure this is fine... Oh wait... it is according to our Treasury Sec but acccording to Don we are getting what we voted for:

    The United States just lost its last perfect credit rating | CNN Business

    Moody’s Ratings downgraded the United States’ debt on Friday, stripping the country of its last perfect credit rating. The move could rattle financial markets and push up interest rates, potentially creating an additional financial burden for Americans already struggling with tariffs and inflation.

    [​IMG]

     
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  2. tripsright

    tripsright GC Legend

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    These people are just disgusting. Them and everyone who enabled them with their votes. Nothing patriotic about what is going on. And now the enablers are sitting on their hands, all the while losing the shirts off their backs. Wtf
     
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  3. vaxcardinal

    vaxcardinal GC Hall of Fame

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    Who’s losing the shirts off their backs?
     
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  4. PITBOSS

    PITBOSS GC Hall of Fame

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    Trump/maga will continue exploding our debt.
     
    Last edited: May 18, 2025 at 11:18 PM
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  5. cocodrilo

    cocodrilo GC Hall of Fame

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    Trump said, "You get what you vote for"? Boy, he is rubbing it right in our faces!
     
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  6. tripsright

    tripsright GC Legend

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    @cocodrilo …..Did you actually vote for trump? Serious question and not intended as a “Gotcha!” kind of deal.
    I’m genuinely interested to understand why, if so?
    For context: I’ve given a pass to ppl who voted trump in 2016. I totally get it. There was widespread frustration with all the bs. You can count me among those who were looking for a serious change. It just seemed to me, honestly after the initial 2016 primary debate, that trump was without merit. But, I can get why people were willing to gamble in 16. However, I’m completely baffled why anyone would vote for him in 2020, just based upon his performance alone. Same for 2024, especially since a person would have Jan.6 as a data point.
    Yet, I’ve never been able to have a calm, rational conversation with any trump supporter about it. So, I remain confused as to the reasoning(s).
     
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  7. cocodrilo

    cocodrilo GC Hall of Fame

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    Of course I didn't vote for Trump. Personal insults are supposed to be against the rules here.

    When I said he's rubbing it in our faces, I meant the faces of the American people, of which I am one. But I am not one that's eating it up.
     
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  8. tripsright

    tripsright GC Legend

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    Understood. Thank you.
    I thought from your posting history you were, at the very least, no longer a trump supporter.

    Edit: Also….the “personal insults” comment cracked me up.
     
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  9. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Our One big beautiful bill needs more cuts to the spending. Why are we even paying for blue state SALT deductions in this bill? 10K is already 10K too much, now 30K is not enough? Freaking RINOs in blue states are major grifters.
     
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  10. cocodrilo

    cocodrilo GC Hall of Fame

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    What I like is the way this gang is cutting or doing away with anything that has to do with public health. Firing thousands of people (based on a blanket lie of poor job performance) is not satisfying enough, making them have to pay higher prices for things is fun but not enough either, they want them to die!
     
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  11. g8trjax

    g8trjax GC Hall of Fame

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    LOL, absolutely no one in DC has any plans to reduce spending...ever...period.
     
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  12. vaxcardinal

    vaxcardinal GC Hall of Fame

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    So people in red states won’t benefit from an increase in SALT?
     
  13. cocodrilo

    cocodrilo GC Hall of Fame

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    Trump is signing an EO to abolish Moody's.
     
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  14. QGator2414

    QGator2414 VIP Member

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    I think the point is New York/California and your blue big cities…

    Of the red states it will mainly be Florida (Texas but man that land is ugly).
     
  15. vaxcardinal

    vaxcardinal GC Hall of Fame

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    Yep but lots more red states than that. A lot of people will benefit from the increase in SALT.
     
  16. PITBOSS

    PITBOSS GC Hall of Fame

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  17. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    State And Local Taxes... what do you think?
     
  18. QGator2414

    QGator2414 VIP Member

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    All people who itemize and pay lots of SALT taxes will benefit for sure.
     
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  19. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    And people that pay ZERO in state and local taxes will pay for it. The blue state RINOs need to be primaried, and this SALT (money giveaway) needs to have a sunset clause built into it.
     
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  20. citygator

    citygator GC Hall of Fame

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    Thanks Trump

    Stocks Fall and Bond Yields Jump on Concerns About US Debt - The New York Times

    Turbulent trading hit financial markets on Monday, with investors selling U.S. stocks and bonds and the dollar, an ugly combination that suggests sentiment is souring on the outlook for the world’s largest economy.

    The S&P 500 index fell about 1 percent in early trading in New York. Bond markets shuddered, with U.S. Treasury prices falling and their yields, which underpin interest rates across the economy, rising. The 10-year yield jumped a tenth of a percentage point, a large move in that market, to 4.54 percent. The dollar also fell, with a gauge of its value against other major currencies slipping 0.8 percent.
     
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