The increase in the deficit is primarily due to two factors: the Bush tax cuts, and the Trump tax cuts. This is not in dispute.
Also indisputable: the size and nature of Washington’s pandemic fiscal stimulus is still bringing the American economy significant benefits. Benefits that Republicans said would not occur.
Despite the chorus of criticism that the fiscal response was too big, Biden's policies are still holding up the U.S. economy at no greater inflationary cost than what the EU has experienced. America's inflation rate is the lowest of all the world's leading economies, while its GDP growth rate is much higher.
The largest economy that currently has a lower inflation rate than the U.S. is Spain. Spain's GDP is the size of New York's.
It's worth mentioning that Moody's cited the Republicans' recurring shutdown showdown fetish as a central reason for its rating downgrade.
The other two major credit rating firms, Fitch and Standard & Poor's, had already downgraded the rating. Both cited the Republicans' debt ceiling brinksmanship as a reason why.
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The increase in the deficit is primarily due to two factors: the Bush tax cuts, and the Trump tax cuts. This is not in dispute.
Also indisputable: the size and nature of Washington’s pandemic fiscal stimulus is still bringing the American economy significant benefits. Benefits that Republicans said would not occur.
Despite the chorus of criticism that the fiscal response was too big, Biden's policies are still holding up the U.S. economy at no greater inflationary cost than what the EU has experienced. America's inflation rate is the lowest of all the world's leading economies, while its GDP growth rate is much higher.
The largest economy that currently has a lower inflation rate than the U.S. is Spain. Spain's GDP is the size of New York's.
More cut and paste lies that only brain damaged democrats believe.
Translation: "I cannot rebut a single word of your cut and paste lies."
It's worth mentioning that Moody's cited the Republicans' recurring shutdown showdown fetish as a central reason for its rating downgrade.
The other two major credit rating firms, Fitch and Standard & Poor's, had already downgraded the rating. Both cited the Republicans' debt ceiling brinksmanship as a reason why.
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