8/19/2023

President Bidenomics is putting every American in real-life implications/danger – with the mounting debit which earned the U.S. a CREDIT DOWNGRADE.

DO PEOPLE REALIZE – Biden/Democrats’ minds are not qualified and they do not have any comprehension of what they are doing to this country.

When will WE THE PEOPLE realize this? They are destroying this country. Look at the BLUE STATES right now and how they are “spinning in the MUD?

It is time for an UPGRADE not a DOWNGRADE without his BIDENOMICS!

COLUMNISTS

National debtAdd Topic

‘Bidenomics’ in action: Democrats’ excessive spending, mounting debt earn US credit downgrade

U.S. National Debt Clock : Real Time (usdebtclock.org)

The Trump indictment may be juicy, but the huge expansion of the national debt under President Biden has real-life implications for every American.

Ingrid Jacques

This must be awkward for President Joe Biden. 

Shortly after he started taking credit for “Bidenomics” and how it’s “benefiting” the country, the United States got a credit rating downgrade.

It’s only the second time that confidence in the federal government’s ability to manage its debt has been officially reduced. So it’s a big deal. 

It turns out Democrats’ unlimited appetite for spending and their refusal to address growing deficits isn’t sitting well with close watchers of our economy, and this should serve as a warning that inaction is no longer acceptable. 

Biden is trying to sell ‘Bidenomics.’Americans can’t afford the president’s agenda

Despite the left’s attempt to dump all of the credit downgrade blame on Republicans (who worked to trim spending) for the debt ceiling showdown earlier this year, the report from Fitch Ratings spells out much bigger concerns about the U.S. fiscal outlook and the need for a spending overhaul.

If anything, the downgrade indicates that lawmakers didn’t do nearly enough in their negotiations over raising the debt ceiling. 

The agency downgraded the nation’s credit rating from AAA to AA+. Although still a good rating, the lost confidence is noteworthy.

As Fitch states: “The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.”

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