this post was submitted on 17 May 2025

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US completely loses perfect credit rating for first time in over a century (www.newsweek.com)

submitted 1 year ago by return2ozma@lemmy.world to c/news@lemmy.world

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[–] KumaSudosa@feddit.dk 5 points 1 year ago (3 children)

To be fair, Trump didn't (singlehandedly) cause the uncontrolled US debt - formet presidents did that too (as well as Trump im his first term)

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[–] Buffalox@lemmy.world 11 points 1 year ago

Clinton and Obama actually balanced the budget, what Trump is doing is the exact opposite.
Trump is promising massive tax cuts, and has made bills to achieve that.
Clearly Trump is off the rails irresponsible. So why would you want to be fair to Trump?
Democrats have demonstrated that the debt CAN be controlled. Republicans just refuse to do so, but always make it worse.
Now Trump is a completely new level of unhinged. And the world is reacting accordingly.

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[–] devils_advocate@sh.itjust.works 4 points 1 year ago

Congress also holds a lot of the blame.

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[–] spooky2092@lemmy.blahaj.zone 3 points 1 year ago*

No, but trump (and his republican Toadies) did just singlehandedly shake the confidence the financial world has in us....... Again.

Debt can be fine, as we've seen real presidents use debt and not drastically hurt the US credit rating. Having a demented and unpredictable sociopath controlling the financial system is a much bigger problem, considering he's thrown out any pretense of normal behavior and is clearly just fucking with the stick market for personal gain.

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