Republicans have added 10 trillion dollars to the debt since 1980. They don't give a shit about the debt, they care about their bank accounts and how much they can fuck people over
BRICS did it to us. 9/11 was the first successful attack on the United States of America and now they are completing their plan to bring us down to our knees financially. Donald Trump is working for BRICS not the American people. #MAGA
Unless they've changed the Bill since Friday, the national debt was to have been increased by $3.8T, not $3T or $3.3T, which entirely supports the reduction in the credit rating.
It’s not a warning to Republicans; it’s an assist. It will help hardliners argue for cuts that are even more draconian than what was in the proposal that got voted down. Republican leadership is likely to come back with an even worse proposal, unless it costs them support from moderates.
R's will begin selling that "lower taxes on billionaires will stimulate the economy, and we'll grow our way out of debt." Which has NEVER happened in the history of Republican talking points.
Even with taking away health insurance from millions of people, they will still add a huge 3 trillion dollars to the debt. With higher interests on the American People. While billionaires get richer. 🤦♀️
Brilliance is not their strong suit. What they think is good is just a mere thought and not actually explored by someone who knows how things actually work. 🙄
Good thing Powell didn't lower the interest rates! If things continue in the same pattern, the US will be raising, not lowering rates!
The whole deficit is based on the idea that the rest of the world saw the US as stable and would invest. That's changed - the US is anything but stable.
The U.S. Treasury won’t “raise rates” as much as there won’t be buyers of bonds — unless the rates of return are higher — to compensate for the greater risks of inflation and/or devaluation of the dollar resulting from profligate deficit spending:
It’s funny listening to people on the Stock boards saying the markets are going to take off when the Feds cut the rates. And I’m like, in what world do you see the Feds cutting rates? 🤣🤦🏼♂️
When Powell’s term is up and Trump or Vance appoint Peter Thiel, Russell Vought, or Howard Lutnuck as head of the Federal Reserve. Someone fully onboard with the destruction of the economy.
The threat is real. Hopefully enough Trump Econ damage will be evident by the end of Powell’s term; and w/ midterms pending, it’ll moderate the type of candidate Dear Leader can get passed.
It strikes fear in my heart that Powell’s term is up next year. I can’t even imagine how horrific Dump’s next appointee will be. I expect absolute economic disaster.
I'm not going to hold my breath, I'm sure whatever they arrive at will be very beneficial for the rich and horrible for the rest of us, and this little pause will soon be in the past.
Communities need to organize and be prepared to support the vulnerable. We are a society, we need to act like one
You know what would fix a lot of that? Not giving rich people a tax cut, taxing rich people more, making people have benefits so they can stay healthy and contribute to the economy.
We already spend more on interest than we do on our entire national defense budget. Let that sink in while you imagine interest rates increase and MAGA is adding $9 TRILLION to our national debt.
Invest in China, Europe, Latin America. Trump put a fork into America
So basically the Republicans are all in on abandoning their constituents. Especially those that aren’t billionaires and/or oligarchs. The 1%that are billionaires and/or oligarchs have nothing to worry about. The Republicans have got your back, the rest of us are screwed.
The governments only source of income is through taxes. Cut taxes when you have debt is crazy. Cut spending helps. But it won't solve it. Tariffs, in theory, would help. But it has a negative ripple effect on the economy. Taxing the rich is the only solution. And guess what? they'll still be rich.
Petty stupid blind Allegiance Republicans are destroying America so that Elon, the Koch brothers, Harlan Crow, Leonard Leo, & Peter Thiel can be cento billionaire oligarch dbags
Republicans giving tax cuts to billionaires is like a household who needs to replace the roof, HVAC, send the kids to college and decide to borrow money for a Ferrari for him and a Bentley for her.
re AAA downgrade, Basel Banking rules 'banks holding assets with AAA ratings generally need to hold minimal capital reserves to cover those exposures' bc AAA is 0% risk. Therefore 'The higher the risk weight, the more capital they need to hold'
Rather than inc cap resvs BBs will sell UST on Monday
He couldnt cut enough spending. And he cant raise enough tarriff income. He's fraged the economy which means tax rev will fall. Worse, raising taxes after fraging the economy likely...worsens the economy.
My guess is a trimmed down tax cut passes with no new def and border spending
Warren Buffett made a statement a 2 weeks ago & based on his analysis, if multi billionaires & US corporations paid their fair share of tax, individual taxpayers wouldn’t have to pay anything !!
The national debt reduced & create a surplus
The US ran a surplus until Reagan. Every single Republican administration since has increased the budget deficit. The only times the deficit has gone down is during Democrat administrations.
This is why we need a National General Strike, b4 everything we have worked for goes down the drain! That & mass protests. And don't stop til they are gone! Problem is, this society is so self absorbed, we just won't do it. 😒
Lots of Americans don't want protesting to get in the way of their video games and Tik Tok, so they still expect someone to swoop down and make everything right again. Imagine if our grandparents or great-grandparents had that attitude during WWII where we'd be now.
Putin will proudly welcome them overseas when Trump and company have finished looting the country and subjugating into an extraction colony for international oligarchs.
It needs to be said and understood that it's important that the rich won't be affected by this in the same way working and poor Americans will be. We are the ones who will suffer because WE will foot the bill for increased costs.
One of the oldest GOPs scams is to pass a tax cut that’s “temporary” — to keep the long-term cost down — then fight like hell against letting it expire because no one wants a tax increase.
Yep - that’s what McConnell did to Obama! - refused to End the Bush/Republican tax cuts for Super Wealthy by law signed 10 years earlier by same Repubs.
Repubs mantra is -no tax cuts for the wealthy, no tax cuts for anyone!
Obama had to find something to help the Working class…
Payroll taxes.
maga do me a favor print this post out take it to the smartest person you trust and have them explain it to you if the person you are talking to isn’t smart enough to explain it to you ask them to take u to the smartest person they know continue until u you understand u will😳😳😳😳 yeah u fucked us all
We do have a deficit problem, but Americans want Social Security, Medicare, and Medicaid so the rich will have to pay more since they don't want to pay their employees enough to afford higher taxes.
well... except that you seem to have missed the part about how the GOP raised the debt ceiling 5TRILLION dollars... meaning that they are not done fucking us at "$3 trillion"
This is the only skill the whole Republican Party has is to spend like drunks and fight with the democrats for not cleaning up their mess fast enough. There is one simple solution and that is to tax the rich and the churches.
ENOUGH TAX CUTS FOR BILLIONAIRES. Trickle down was always a hoax, and economists know it. Between 1980 and today, Republican presidents have exploded the deficit by redistributing wealth from the middle class to the #oligarchs. They have gone too far, and it's time for the pendulum to swing.
Republicans are stuck in a rut. They cut taxes for the rich every time they get control. They whine about the deficit when the democrats are in charge.
Any budget that doesn’t bring down the deficit/debt is a complete betrayal to the American people. This must be prioritized over tax cuts for the rich. It got the GOP elected and will get them unelected.
So my student loans keep me from buying a house and keeping me poor, especially since you can’t remove student loans debt in bankruptcy. But raising debt thresholds for the us government to benefit those who can afford to pay taxes and burden me more is the solution? Got it.
But if Repubs don't increase the debt by $3 trillion, those poor billionaires won't get the tax cut Trump promised them (& himself), & they wud have to start paying taxes at the same rate firefighters & school teachers pay after 2017 tax cut sunsets. But poor people could still get Medicaid!!!
All this talk about how democrats hate America and are trying to destroy the country from republicans while they actively work to break America just to make the richest of the rich even richer. Fuck these assholes and tax the rich!
“Oh no, what should we do? Dump millions of people off Medicaid or add trillions to the debt?” (Conveniently forgetting there are $Trillions of tax cuts going to billionaires)
Even in Cognitive Decline Biden did better than the Orange Bone Spurs Felon47. At least we had a better Credit Rating AAA. Get over it, Biden is No Longer President! Jake Tapper is an Opportunist!
So, much for another episode of RepubliCons balance the budget, cut wasteful spending and bring costs down. They do know it's another 20 years into the future and FAILED ONCE AGAIN, because they only want to do wishful thinking, instead of reality. It's NEVER ABOUT the ... 1
GOOD of the country, but the GOOD OF THE GREEDY GRIFT AND GOP bank accounts. USERS, TOSS THIS TRASH, MIDTERMS. BELIEVE YOUR EYES; they are not lying to you, BUT GOP IS. ... 2
If the debt increases by 3T and rates stay the same, servicing costs WILL rise by 8.3%. If the credit downgrade causes rates to rise further, 8.3% will be the floor. How can she say servicing costs MAY rise?
While watching coverage of the tornadoes last night there was frustration that tornado alerts werent coming out fast enough because weather stations were short staffed. I was informed by a maga that “it would all be worth it once the countrys debt was gone”. Magas really think he’s doing a great job
Instead of tax cuts Congress needs to raise taxes dramatically across the board on the wealthy. The deficit could be brought under control in a few years.
I think we’ve all been given a master class in how, (trumps administration, and the republican caucus). Have tanked the Biden bustling economy to give the rich a tax break….. PS didn’t republicans used to be against high deficits? Kudos for Moody’s sending such a significant message……
I'd like this to push them to be responsible, but they will not stop. They will just continue the path of cutting taxes for the billionaires because that's their bread and butter. The GOP will just spin all of this financial instability on the Democrats and their voter base will slop it up as usual.
From the Party of fiscal responsibility. When are Americans going to remove their heads from the sand a see what these crooks are and have been doing for several decades now? #MAGAIsADisease. They are resp. for most of the debt but NO money spent on Americans!! Where did it go? Guess!
Plus the scheduled 2029 cuts to Medicare, Medicare and Social Security will never happen. They know it will be repealed by the next Congress. So it's just another give away to the super rich. Zero savings.
I salute the handful of House Republicans that are making a stand for fiscal restraint -- but have no doubt whatsoever that they will have folded by this time next week.
It will be higher than 3 trillion. Medicaid cuts don’t start until 2029 but tax breaks hit right away. And it doesn’t count in the lower credit rating that will raise interest rates and add more to the debt. Higher mortgage rates. it’s like putting it on a credit card. Who and how will it get paid?
Narcissistic authoritarian felon sociopathic pathological liar tyrant wannabe king is bankrupting our government by dismantling, weakening it and tanking global economy so he can have COMPLETE CONTROL. Fascist oligarchy can't survive when confronted with worker solidarity! Nip them in the bud. NOW!!
Why does this bill need so much money when DOGE has saved the federal government leventy-billion dollars in wasteful, fraudulent spending? Where did the savings go? Let's see some books and bank statements!
What does the $3.3 trillion increase in debt mean? It means that future fiscal space will be severely compressed. We are overdrawing our children's and grandchildren's money in exchange for the votes of today
Comments
That's democrats
#endthegop
Junk bonds.
We did this to ourselves by electing a bunch of MORONS into leadership positions.
DEPRESSIONS ALWAYS MAKE THE RICH RICHER.
Con Don trump working for BRICS!
https://www.washingtonpost.com/business/2025/05/16/credit-rating-triple-abudget/
Who could have imagined 🤔
https://www.democrats.senate.gov/imo/media/doc/Just%20the%20Facts%20-%20Republicans%20Create%20Huge%20Deficits.pdf
The whole deficit is based on the idea that the rest of the world saw the US as stable and would invest. That's changed - the US is anything but stable.
https://www.cnbc.com/2025/05/19/ray-dalio-says-risk-to-us-treasuries-greater-than-what-moodys-says.html
The threat is real. Hopefully enough Trump Econ damage will be evident by the end of Powell’s term; and w/ midterms pending, it’ll moderate the type of candidate Dear Leader can get passed.
"Conservatives are holding out for steeper cuts to Medicaid and other programs to help offset the costs of the tax breaks"
https://apnews.com/article/republicans-trump-bill-tax-cuts-spending-medicaid-a9f9c0a23cd2a6e7917d5b73f935e1fd
The Senate Republicans say the high SALT cap and Medicaid cuts are nonstarters.
Communities need to organize and be prepared to support the vulnerable. We are a society, we need to act like one
for Republicans’ wealthy donors.
It’s the Pay to Play scheme.
Dismantle Trump tariffs!
Hire back Federal workers!
No Medicaid & Medicare cut!
Invest in China, Europe, Latin America. Trump put a fork into America
GAO does those numbers.
Does this breakthrough really exist? Is it being suppressed?
Americans will suffer so much due to this regime...
https://apple.news/Aj-h-9-cLRded1aYNka8SDw
I mean, they've been buying politicians for years, to make sure those nasty tax things go away for them. After all, only LITTLE people pay taxes.
Rather than inc cap resvs BBs will sell UST on Monday
He couldnt cut enough spending. And he cant raise enough tarriff income. He's fraged the economy which means tax rev will fall. Worse, raising taxes after fraging the economy likely...worsens the economy.
My guess is a trimmed down tax cut passes with no new def and border spending
Warren Buffett made a statement a 2 weeks ago & based on his analysis, if multi billionaires & US corporations paid their fair share of tax, individual taxpayers wouldn’t have to pay anything !!
The national debt reduced & create a surplus
5 billion + not enough ?
What you should do is lead by example and reach out your hand to the next generation instead of berating them for doing it wrong.
Repubs mantra is -no tax cuts for the wealthy, no tax cuts for anyone!
Obama had to find something to help the Working class…
Payroll taxes.
Everyone needs to read this post twice, then search the original documents and read them until it sinks in.
See getting rid of DEI was the best thing that ever happened !
GOP y’all get all the credit with their supreme asses 🤣
Why won't y'all see it?!
🙈🙉🙊
…9%
When the corrupt companies rate corrupt politicians, it seems almost too funny.
https://www.nzherald.co.nz/bay-of-plenty-times/news/rosemary-mcleod-the-very-rich-are-too-mean-to-share/6MN5OGHSCCEKFYT7MW7BVAQJBA/
Moody’s is accurately predicting that #Republicans will do what Trump does and just refuse to pay any debts.
They know that the GOP is not only evil, but criminally corrupt and incompetent.
he'll blame Biden, and his minions will lap it up.
https://www.youtube.com/live/ZrMQxac18XE?si=vGsgFpzAIG8mxea3
No spine between the lot of them !
🦄🏰🇨🇵