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https://www.barrons.com/articles/fitch-downgrades-...


Foreplay.

Yep, thanks to Trump, nothing but massive deficits as far as the eye can see...

Donald Trump's tax plan sharply reduced the top tax rate on individual income from 39.6% to 25%.
His plan also lowered the tax rate on corporate income from 35% to 15%, and applied this 15% to other business income.
(Drastically reducing tax revenues)

As a result, the Trump plan increases the federal deficit over the next decade by $10 to $12 trillion, according to
several estimates.

A high and rising national debt would raise the interest rates on US Treasuries, which would in turn decrease savings and increase borrowing costs
in the private sector. Both would lower economic growth.

BTW, Did Trump find $10 trillion in spending cuts to finance his huge tax cuts? Nope, he increased spending! Run up the debt, Fail, Pass the buck, Blame others...

Thats the Trump brand!

https://www.brookings.edu/articles/donald-trumps-t...

Donald Trump's tax plan sharply reduced the top tax rate on individual income from 39.6% to 25%.
His plan also lowered the tax rate on corporate income from 35% to 15%, and applied this 15% to other business income.
(Drastically reducing tax revenues)

As a result, the Trump plan increases the federal deficit over the next decade by $10 to $12 trillion, according to
several estimates.

Yes, I remember this. It was first floated without giving the MAGA hats anything, then they changed it so they got $600,and they were going "Whoop! Booya! $600!" So that's how we totally screw ourselves - "Whhooop! Boooyaa! $600!"

LOL I love it - decades of this stuff - -- and it's all Trump.

GOOD - stay on that, it will make this problem worse.

Fitch - was charitable.

I can't wait till this truly gets bad.

Like I said, this is just foreplay and that's nice.

Downgrades, political violence, no desire to talk or compromise, solely fixating blame on one entity........ a kiss, the feel of a soft small of the back, the flavor of a nape of the neck.

But give it time. Then the real boom chicka wow wow starts.

By then hopefully more of the lower echelon has been put out of work by AI -- and they have a 2nd amendment right combined with toxic culture and disintegrated family structure.

IN the meantime, here's to Biden not raising taxes on the rich.

'Oh oh oh the 15% corporate mini tax!* Ok Google Jockey - that money didn't hit the economy yet, and great, you want Google paying less than the teacher. LOL

Y9ou Sunni and Shia Muftis, you are doing all I wanted you to do for years now.

If Trump gets elected and given a second chance he will waste no time in turning the US into a full-on Putin style kleptocracy. And the cult who supports him will get screwed. Unless you are a plutocrat, voting for Trump is the definition of stupidity.

If Abe Lincoln gets elected.....

The situation won't change.

DOWNGRADE!

LOL

Loved how they went straight to Trump while ignoring what folks like us have been saying for, oh...hmm...20+ years now?

Makes we want to start writing Global Reserve Currency posts again.

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