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

I know, it's crazy.

Just look at all those people who died with a heart attack. The heart attack was pretty irrelevant- they would have died anyway some day with something else.

And all those healthy people with covid didn't transmit it to numerous other people or anything. That was a myth that the bad bad experts foisted upon the great and knowledgeable Trump.

 

Kind of like the myth that if you stay 6 feet away you’ll be fine or if you get the vaccine you won’t be able to get COVID or transmit the disease?

 

Today in Axios -- analysis consistent with other experts predicting the Trump budget bill will exacerbate national deficit and debt.
https://www.axios.com/2025/05/21/trump-tax-cuts-budget-deficit-debt

 

You can link anything you want. It does not change the fact that multiple states had schools closed until the fall of 2021.

The funny thing is you surly agreed with Trump's decision to shut down and surly disagreed with his push to reopen when he did. I am sure you agreed with Biden that people should have been forced to take a shot they did not need. I think you understood how stupid it was to keep kids out of school? I sure hope you did.

 

Except that nobody really said those things. But if it makes you feel better to assert a mistruth so you can argue it down, who am I to get in the way of your pleasure.

 

I actually agree with this post completely...BUT...How come the left hates the "its not fair argument" when it comes to school choice and abortion?

I know. I know. Off topic.

 

Cutting taxes and increasing the level of borrowing can make any economy look good, for awhile.
Trump - “Jet skis and gold chains for everyone - just finance it!”

 

The Federal Government took in 4.92 trillion in revenue in 2024. The only year higher was 2022 which will be surpassed by 2025 at current pace. Do we think there’s a slight spending problem or should we increase taxes to collect 10 Trillion?

 

No. Florida was open long before Biden took office. Biden tried to inflict authoritarian rule by pressuring companies to force workers to take a shot though..

 

You think we should target eliminating the debt by over $3 trillion per fiscal year? Weird.

Also - look at that amazing revenue collected by Diamond Joe. Thank God for that guy. Here comes the Trump again, though, with his giveaways to the rich and his cronies. Gonna blow up the deficit, again, and just keep expanding the debt. What a LOSER!

 

I think it’s both. Unfortunately, the nature of the beast is that it’s much easier to raise taxes than figure out what to cut from the budget (as Musk found out).

 

Oh I agree completely. You have to raise taxes and reduce spending. Problem is it will crush lower and middle income families which will then vote the regime out for a “new vision” which will just go back to the same old formula. It’s a recurring theme of dogshit that I don’t think ever gets resolved until the US is insolvent.

 

That’s not what I said but go on Indy.

 

So your solution is to simply raise taxes on the highest earners and keep the entitlements status quo? That’s the way out of this debt?

 

our population & gdp are also bigger than ever. So revenue will increase.

Not to mention , our debt is massive. 125% of gdp. 20 years ago it was like 60% of gdp.

is there any intention of paying that debt down? - or even paying our own way? Yes Biden did it also, but trump/maga leadership isn’t slowing down on borrowing.

A better gauge might be ALL taxes as a percent of GDP. How does that percent compare to history? Also, how does it compare to other developed countries.