The US lost its last perfect credit rating Friday, with Moody’s downgrading US debt one notch, from an Aaa rating to Aa1. The decision—over the rising US deficit, increased interest payment ratios, and sluggish growth—ends the country’s perfect Moody’s credit rating, in place since 1917. 
 Moody’s said it expects federal debt to jump from 98% of the US gross domestic product last year to 134% by 2035 with the deficit expected to jump to nearly 9% of GDP.
#useconomy #USDeficit #USDebt #trump

@vincent @npr People care. I care about the #nationalDebt . But I also think the only feasible way to tackle the #USnationalDebt will necessarily involve #taxingTheRich and #taxingOligarchs significantly more than we do now. Mind you GRADUALLY cutting costs (SLOWLY as to not kill the economy) may be needed too. #taxTheRich #taxOligarchs #USdeficit

As we in the US go into budget negotiations, let’s be clear about the record of the GOP vs the record of the Democratic party. (Source: https://amarkfoundation.org/us-federal-deficits/) #USDeficit #FederalBudget #GQPVoodooEconomics #DemocraticResponsibility #USAPolitics