Quote:
Originally Posted by Caymus
At the moment, aren't those running surpluses including the trust fund? The deficit spending and negative credit rating is from other outlays.
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One of the main concerns from Fitch is the deficit governance.
Meaning that the funding of 100%(+) to GDP with the debt ceiling requirements in Congress gets to be political brinkmanship more often than not.
I believe that the entire debt which funds all the different parts of the government,
ie, the administration as well as the outlays, is all lumped together into a single evaluation point. Personally, my opinion is that the original debt raise increase from about $700 B which then was increased to about 50% more to $1T by the Treasury, put Fitch over the edge on the downgrade which they had been working on for months.
The US is getting too big to manage effectively, as well as there have been some very dumb (imho) decisions by the Supreme Court and Congress. .