slide 9 to 15 of 15

Janet Yellen gets help finding clues why U.S. credit rating was downgraded

Screen shot

This week Fitch downgraded the United States triple-A debt rating because of all of Biden's "Building Back Better," or something:

Advertisement

From Market Watch:

Fitch Ratings late Tuesday made good on recent concerns about the U.S. credit profile and downgraded its rating on the nation’s debt one notch to AA+ from AAA, saying that it reflects “expected fiscal deterioration,” a “high and growing” government debt burden and an “erosion of governance” in face of repeated debt-limit standoffs and other ills.

Fitch warned in June that it could take that step even as the latest debt-ceiling showdown ended in a last-minute deal to avert a government shutdown. The ratings agency initially put the U.S. debt on a negative watch in May, as the debt-ceiling fight has been dragging on for months.

Tuesday’s ratings downgrade was the first for the U.S. sovereign debt since S&P’s Global Ratings took the same step in 2011, bringing its rating to AA+ from AAA also amid a debt-ceiling standoff at the time. 

More "Bidenomics" in action!

Advertisement

He does, and yet Treasury Secretary Janet Yellen's job is now to make everything believe that Biden does NOT own this. The government official who assured everybody in 2021 that inflation would be "transitory" is just baffled by the U.S. credit rating being cut:

The fact that this person is the head of the U.S. Treasury should keep everybody awake at night.

You have to wonder how much debt the U.S. would have to pile up before people like Yellen considered it problematic.

This administration is going to pretend everything's great until it all implodes, and even they they'll probably still pretend everything is great.

Advertisement

And it's not really even close.

*** 

Editor's Note: Do you enjoy Twitchy's conservative reporting taking on the radical left and woke media? Support our work so that we can continue to bring you the truth. Join Twitchy VIP and use the promo code SAVEAMERICA to get 40% off your VIP membership!

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement