* WE COULD SEE A U.S. CREDIT RATING DOWNGRADE THIS YEAR, SAYS PIMCO'S IVASCYN @reuters.com - ThreadSky

carlquintanilla.bsky.social • 16 days ago

* WE COULD SEE A U.S. CREDIT RATING DOWNGRADE THIS YEAR, SAYS PIMCO'S IVASCYN

@reuters.com

Comments

He’s running America as a business all right - one of his businesses. Companies that are poorly managed by an incompetent team, do in fact have higher borrowing costs. Eventually they can’t borrow at all. Then they’re
forced to declare bankruptcy.
Hmm. Bankruptcy + Trump. Sound familiar? 🤮

rvtinkertraveler.bsky.social•16 days ago

That would be great!

Maybe when we're all broke, the politicians will leave, and we can all get back to democracy instead of corpocracy.

zackhouse.bsky.social•16 days ago

Did this also happen during Trump 1.0?

jhirri.bsky.social•15 days ago

Shocker!

weegiest973.bsky.social•16 days ago

Duh.

adriana1o5.bsky.social•16 days ago

Third world - here we come!!

midefd.bsky.social•16 days ago

By the time Trump is done, the US is gonna have a 505 FICO score.

hey.rupert.murdochbait.click•16 days ago

So the cost of servicing the national debt will go up?
Who will pay for that?

bluemarlinhunter.bsky.social•16 days ago

Cuts to Social Security

hey.rupert.murdochbait.click•16 days ago

What about taxing the rich?

bluemarlinhunter.bsky.social•16 days ago

What and stop trickle down economics? Not sure why if the country is so bad off need to cut working class benefits but the top 1% will get a tax cut. Why do they not have any skin in the game?