Moody's downgrades US credit rating citing rising debt
www.bbc.com
Moody's said successive US administrations had failed to reverse ballooning deficits and interest costs.
  • Raltoid@lemmy.worldEnglish
    10·
    10 days ago

    This part is relevant, and shows that it is not reactionary or just based on recent events:

    Moody’s warned in 2023 the US triple-A rating was at risk. Fitch Ratings downgraded the US in 2023 and S&P Global Ratings did so in 2011.

    • Jason2357English
      6·
      10 days ago

      Every time they played chicken with the debt ceiling, they were warned this was coming.

  • Ptsf@lemmy.worldEnglish
    1·
    8 days ago

    We pay 1 out of every 5 us dollars collected in (federal) taxes to interest on this debt. It’s absolutely insane how many people/companies in America who likely haven’t paid their fair share of taxes are making a killing off of our debt (because US debt for the most part is owned by US citizens, companies, and banks with an addmitedly sizable but overall trivial portions owned by foreign nations/nationals).