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gab13by13

(30,321 posts)
Thu Oct 30, 2025, 09:30 AM Yesterday

US Gets Hit With Another Credit Downgrade - Scope Ratings

On Oct. 24th Scope downgraded the US credit from a AA to a AA-

Remember years ago when Republicans were concerned about the debt to GDP ratio? Well even though we are spending more than we are making now, Republicans saw fit to give billionaires a huge tax cut.

Scope is predicting that by 2030 our debt to GDP will be 140%.

See now why Republicans must cut out healthcare and SNAP?

https://www.msn.com/en-us/money/personalfinance/us-gets-hit-with-another-credit-downgrade-agency-warns-of-sustained-deterioration-of-finances-and-weakening-governance-what-you-need-to-know/ar-AA1PuN5F?ocid=msedgdhp&pc=HCTS&cvid=690364fe01d0432dada81c653464f0ee&ei=18

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US Gets Hit With Another Credit Downgrade - Scope Ratings (Original Post) gab13by13 Yesterday OP
GOP always runs up the national debt to justify budget cuts to programs that help Americans. Irish_Dem Yesterday #1
We Love Debt & Credit OC375 Yesterday #2
I'm just wondering, where is that budget deficit clock?? Clouds Passing Yesterday #3

Irish_Dem

(77,043 posts)
1. GOP always runs up the national debt to justify budget cuts to programs that help Americans.
Thu Oct 30, 2025, 09:38 AM
Yesterday

OC375

(317 posts)
2. We Love Debt & Credit
Thu Oct 30, 2025, 09:56 AM
Yesterday

In the US, it’s a substitute for realistic wages, innovation and incremental progress. Credit is a hell of a drug.

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