[ May 16, 2024 ]
The U.S. Credit Rating Has Been Downgraded from AAA to AA+ — Fitch cites an ‘Erosion of Governance.’
Meanwhile Fitch downgraded U.S. credit rating today as the national debt quickly approaches $33 Trillion.https://t.co/igOXr1MjZH
— Citizen Free Press (@CitizenFreePres) August 2, 2023
Fitch just downgraded the United States’ credit rating and said they lost confidence in the government’s “fiscal management.” Fitch basically just called the US fiscally irresponsible. As we saw in the 2011 debt ceiling crisis, cutting the US credit rating is expensive. Borrowing costs rise and confidence in the system is lost. Now, history has repeated itself. Only this time, the debt ceiling is effectively uncapped until January 1st, 2025. Meanwhile, spending “unexpectedly” increased 15% in June and interest expense on US debt is about to hit a record $1 trillion this year. Simply put, this is unsustainable.
https://twitter.com/KobeissiLetter/status/1686490038048006144
Story continues below advertisement
Fitch Downgrades US Credit Rating Amid ‘Erosion Of Governance’
By AFP – Agence France Presse August 1, 2023
Fitch Ratings downgraded the United States’ long-term ratings to AA+ from AAA Tuesday, citing factors including an “erosion of governance” over the last two decades as the country faced repeated debt limit standoffs.
“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 peers, said Fitch in a statement.
bys/st
The Barron’s news department was not involved in the creation of the content above. This story was produced by AFP. For more information go to AFP.com.
© Agence France-PresseThe Truth Must be Told
Your contribution supports independent journalism
Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.
Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.
Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.
Please contribute here.
or
Make a monthly commitment to support The Geller Report – choose the option that suits you best.
Quick note: We cannot do this without your support. Fact. Our work is made possible by you and only you. We receive no grants, government handouts, or major funding.Subscribe to Geller Report newsletter here— it’s free and it’s essential NOW when informed decision making and opinion is essential to America's survival. Share our posts on your social channels and with your email contacts. Fight the great fight.
Follow Pamela Geller on Gettr. I am there. click here.
Follow Pamela Geller on Trump's social media platform, Truth Social. It's open and free.
Remember, YOU make the work possible. If you can, please contribute to Geller Report.
Join The Conversation. Leave a Comment.
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spammy or unhelpful, click the - symbol under the comment to let us know. Thank you for partnering with us to maintain fruitful conversation.
If you would like to join the conversation, but don't have an account, you can sign up for one right here.
If you are having problems leaving a comment, it's likely because you are using an ad blocker, something that break ads, of course, but also breaks the comments section of our site. If you are using an ad blocker, and would like to share your thoughts, please disable your ad blocker. We look forward to seeing your comments below.
5 Comments9 months agoEvery last person that voted for Biden, voted for this.
Bar such people for life from ever voting again.
9 months agoAs long as the congress and senate, keep raising the debt ceiling, support all of the social programs and give millions and billions of dollars to other countries, as will as the useless spending within this country for the Illegal Aliens , our credit rating will continue to drop.
9 months agoReply to SnowedinThe USA has been targeted by the enemy within, and specifically by the ovomit and his ASSministration of seditionists. biDUMB was fore ordained to take over. I have always said if the USA falls, so will go other nations.
I am not a conspiratorialist but evil and evil people are waxing worse and worse. Israel is closely tied to “end game” events according to scriptures and will be the center of activity wherein evil will be defeated by “Good.”
Insanity cross breeding with evil is the order of the day since ovomit headed western nations into the vortex of evil with all western nations following identical policies that weakened and are destroying them.
Compare the likes of trudope, biDUMB, merkel, macron, etc in their zeal to obey their slave masters and betray their people. The die is cast, and I believe end time events are near though I am like all others ignorant of when the curtain will be drawn.
I only know that G-d the father is the only One aware of His timetable. That is scriptural. Watch events in Israel and the USA.
9 months agoWe all know not only what the problem is but who it is behind the targeting of little children. These enemies of all that is good have existed for a long time and think themselves safe but in their ignorance ignore and deny the reality of judgment, fooling themselves into thinking there is no God, there is no life after death, and that progression of their evil agenda will win.
The verse about everyone saying peace, peace is for this group of evil people, for it then says, “then cometh sudden destruction. God warns about those who harm children and the wholesale war on them by the corrupt CYSTem has and does and will seal their fate.
It is said “The devil gets his dues” and ahead lies the destiny of destruction for these profligates who for years have represented all that is evil. Everything is corrupt and there shall in no wise be any who will escape the coming storm.
Living on borrowed time is a fool’s game and there are many who think death is the end but it is only the beginning. Evil is everywhere.
Hell hath truly enlarged itself.
9 months agoSatan sent Biden to destroy the US and he’s doing an excellent job.
