BIDENOMICS: U.S. Credit Rating Has Been Downgraded from AAA to AA+, US Sinks Deeper In Debt, 33 Trillion
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.pic.twitter.com/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.
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-Presse
Source: https://gellerreport.com/2023/08/bidenomics-u-s-credit-rating-has-been-downgraded-from-aaa-to-aa-us-sinks-deeper-in-debt-33-trllion.html/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
