GOP's 'Fiscal Vandalism and Political Sabotage' Prompts Second-Ever US Credit Downgrade:Republicans were warned that their repeated brinksmanship and deficit-funded tax giveaways for the wealthy and big corporations would have consequences

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[–]thoughtcriminal 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (2 children)

What a sensational headline. The debt ceiling has literally always been used as leverage by Congress. When the GOP does it it's "vandalism" and "sabotage." If the roles were reversed it would be "heroic" and "brave"

If you want to read the actual reasons for the downgrade instead of partisan quotes about how evil the GOP is, it's the first link in the article:

https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023

[–]GuyWhite 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (1 child)

Biden’s solution to this problem? Let’s inflate the debt away until our currency is confetti.

[–]bananahammock[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

https://saidit.net/s/politics/comments/b9jj/gops_fiscal_vandalism_and_political_sabotage/13f0t