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Fitch's downgrade has little to do with America's ability to pay their debt and everything to do with the shameful display of brinksmanship every time the debt ceiling is debated. I think it's a good thing to show these clowns that constantly bringing the country to the brink of collapse has consequences
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This is on par with saying the Sun will explode. Bigger things to worry about
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What is the breakdown of the US federal budget? The federal government spent $6.5 trillion in FY 2022 — or $19,434 per person — including funds distributed to states. Medicare, Social Security, defense and veterans, transfers to states, and aid such as SNAP and refundable tax credits were the biggest categories, accounting for 75% of spending. |
RPDaly, et al: We are not 'approaching' banana republic status; now we ARE a banana republic.
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