General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUS 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
Irish_Dem
(77,043 posts)OC375
(317 posts)In the US, its a substitute for realistic wages, innovation and incremental progress. Credit is a hell of a drug.