S&P downgraded amerika’s credit rating from AAA to AA+ like a decade ago. and this year, Fitch did the same. Moody’s is still giving that AAA tho. and these credit rating companies are amerikan, so there is considerable bias. they should have been downgraded starting in the 80s when public debt skyrocketed. now that debt has surpassed GDP, and only 32% of that GDP are from industry and agriculture, the US credit rating should be A at best
S&P downgraded amerika’s credit rating from AAA to AA+ like a decade ago. and this year, Fitch did the same. Moody’s is still giving that AAA tho. and these credit rating companies are amerikan, so there is considerable bias. they should have been downgraded starting in the 80s when public debt skyrocketed. now that debt has surpassed GDP, and only 32% of that GDP are from industry and agriculture, the US credit rating should be A at best