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.
  • FourteenEyes [he/him]
    ·
    1 year ago

    White House immediately springing into action with tactical whining

    • LaGG_3 [he/him, comrade/them]
      ·
      1 year ago

      smuglord Actually, if you ignore food, shelter, healthcare, childcare, and a few other unimportant things, the economy is fantastic!

      • EmmaGoldman [she/her, comrade/them]
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        1 year ago

        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!"

  • Frogmanfromlake [none/use name]
    ·
    1 year ago

    "Neither party has seriously addressed the rising costs of the Social Security and Medicare programs that represent a significant slice of federal spending"

  • footfaults
    ·
    1 month ago

    deleted by creator