Quote:
Originally Posted by VitaMan
Trump puts out hard to believe statements about administrations he never even had.
Now he has an administration that got the US debt rating reduced.
You seem to be interested in other administrations...which are not the topic of this thread.
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you seem to think this is about Trump only when this debt has been an issue for presidents of both parties. it took decades for the debt to get where it is now and Biden had more to do with the downgrade than Trump.
On May 16, 2025, Moody's Ratings downgraded the US credit rating from Aaa to Aa1, stripping the country of its last perfect credit rating. This downgrade, while not a default, signifies a concern about the government's ability to repay its debts and could lead to higher borrowing costs.
Moody's cited the increase in government debt and interest payment ratios as the primary reasons for the downgrade. Successive US administrations have struggled to reverse the trend of large annual fiscal deficits and growing interest costs, according to Moody's.
your claim this happened solely because of Trump is false.