Joseph Lim 
#US #fiscal state is everyone's issue
"US #debt now stands at $36tril, or 124% of GDP.. #America is no longer part of the elite group of ultra-safe #borrowers: countries like Germany, Switzerland & Singapore.. In 2024, #interest payments reached $881bil, making them one of the largest components of US #federalbudget, even surpassing #spending on #defence & #Medicare..🤦♂️ #Trump & congressional #Republicans cld unleash widespread #financial #instability"
🤔
Do the perps care?
https://www.bangkokpost.com/opinion/opinion/3036075/us-fiscal-state-is-everyones-issue
"US #debt now stands at $36tril, or 124% of GDP.. #America is no longer part of the elite group of ultra-safe #borrowers: countries like Germany, Switzerland & Singapore.. In 2024, #interest payments reached $881bil, making them one of the largest components of US #federalbudget, even surpassing #spending on #defence & #Medicare..🤦♂️ #Trump & congressional #Republicans cld unleash widespread #financial #instability"
🤔
Do the perps care?
https://www.bangkokpost.com/opinion/opinion/3036075/us-fiscal-state-is-everyones-issue
US fiscal state is everyone's issue
As Donald Trump's "big, beautiful" tax bill heads to the US Senate, investors everywhere are growing increasingly uneasy. On May 16, the credit-rating agency Moody's downgraded US sovereign debt from its long-held triple-A status to Aa1 -- following similar decisions by Standard & Poor's (in 2011) and Fitch Ratings (2023). Given the sheer volume of US debt -- which now stands at $36 trillion, or 124% of GDP -- and rising interest costs, these institutions have concluded that US debt metrics are no longer in line with those of similarly rated sovereigns.