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Fitch Downgrades US Credit Rating

Discussion in 'Too Hot for Swamp Gas' started by gatormonk, Aug 1, 2023.

  1. gatormonk

    gatormonk GC Hall of Fame

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    • Agree Agree x 3
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  2. Sohogator

    Sohogator GC Hall of Fame

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  3. thomadm

    thomadm VIP Member

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    Lol, so a US Company whose entire existence is predicated on the US dollar gives out a rating on its home country.

    No bias, nothing to see here.
     
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  4. GatorFanCF

    GatorFanCF Premium Member

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    Absolutely brilliant insight.
    GOP controls Presidency….oh, wait, sorry.
    GOP controls Senate…wha? No?
    GOP is dragging this country down - wow! What power the GOP has, what amazing ability to drag us down with split control over the government.
     
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  5. Sohogator

    Sohogator GC Hall of Fame

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    It remarkable isn’t it? All because of the stupid electoral system our founding fathers gave us and a political party full of vile shitheads with no redeeming value, on a relentless mission to send the country into the shitter.

    And that’s without getting into the shitheads appointed by the chief shithead (and lesser shitheads) before him on the SCOTUS and federal judiciary.
     
    Last edited: Aug 1, 2023
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  6. Trickster

    Trickster VIP Member

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    You need to get your facts straight. The GOP controls the House, which is dysfunctional, and the Senate, which is lead by a man who stares off into space for 15 seconds during a press conference, and has Cruz and Hawley as members.

    I’m not saying the democrats are without fault. I am saying they’re not genuflecting to a sociopath and a narcissist and supporting him as president KNOWING WHAT HE PLANS TO DO IF HE’S ELECTED AGAIN.
     
    Last edited: Aug 1, 2023
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  7. GatorFanCF

    GatorFanCF Premium Member

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    Again! A masterpiece! Founding fathers gave us a “stupid system.” Despite the fact that the US has become the most powerful nation in the world with 5% of the population. It is a stupid system - it’s just better than any other system invented to date.
     
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  8. thomadm

    thomadm VIP Member

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    Pubs do not control the Senate.

    And to be fair, the President does the same shit. Time for age and term limits.
     
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  9. GatorFanCF

    GatorFanCF Premium Member

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    True. I’m so 2021.
     
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  10. Sohogator

    Sohogator GC Hall of Fame

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    We are going in to the dustbin of great nations. It’s OK happens to them all. But the rapidity of it led from within by a minority shithead segment of the population is distressing. Remains to be seen what will do us in first, them or climate change.
     
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  11. PITBOSS

    PITBOSS GC Hall of Fame

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    “Fitch informed Biden administration officials that the Jan. 6, 2021 insurrection was a factor in its decision to downgrade because it indicated an unstable government,”. ie MAGA
     
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  12. Sohogator

    Sohogator GC Hall of Fame

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    That’s inarguable.
     
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  13. okeechobee

    okeechobee GC Hall of Fame

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    Hmmm… that sounds like Fitch is saying the Biden administration hasn’t done much of anything to heal the divide, thus the risk of insurrection is higher. Interesting.
     
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  14. duchen

    duchen VIP Member

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    This is happening because of the debt ceiling showdown and the upcoming threatened shutdown.
     
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  15. duchen

    duchen VIP Member

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    Trump forments an insurrection and is the leading candidate for the GOP nomination. And you blame Biden. The undying love for the former president makes this government unstable.
     
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  16. okeechobee

    okeechobee GC Hall of Fame

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    When did we experience our last credit downgrade? 2 for 2. Keep it going!!
     
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  17. l_boy

    l_boy 5500

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    In both cases Republicans threatened default.
     
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  18. okeechobee

    okeechobee GC Hall of Fame

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    Have you actually read Fitch's downgrade? It's because Congress suspended the debt ceiling until 2025. Fitch doesn't see a world where "deficits don't matter."
     
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  19. l_boy

    l_boy 5500

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  20. okeechobee

    okeechobee GC Hall of Fame

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