Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.
The funny thing is, the capitalists at Moody's and similar are downgrading the US's credit rating based on the economy not being exploitative enough.
"The economy is terrible! Food, shelter, healthcare, childcare, and everything else is way too cheap! You have to get rid of social security, SNAP, and Medicare!"
The funny thing is, the capitalists at Moody's and similar are downgrading the US's credit rating based on the economy not being exploitative enough.
"The economy is terrible! Food, shelter, healthcare, childcare, and everything else is way too cheap! You have to get rid of social security, SNAP, and Medicare!"