General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTop Credit Rating Agency Warns Trump's 'Failure to Concede' and GOP Voter Suppression Could Tank
US AAA Status---
And it cited as one of three possible reason for a downgrade, A deterioration in governance quality that undermines the integrity of the U.S. political system, with potential negative implications for the effectiveness of the government and institutions in managing the economy and absorbing adverse shocks.
https://www.thenewcivilrightsmovement.com/2021/07/top-credit-rating-agency-warns-trumps-failure-to-concede-and-gop-voter-suppression-could-tank-us-aaa-status/]
Emphasis mine
Banana Republic Wannabees don't get a triple AAA... Economy is always going to influenced by governance and the big lie and authoritarian right wing governors who are running rampant across red states undermining democracy in every which way possible have international consequences as well
EYESORE 9001
(27,412 posts)Its as though they want everything to turn to shit. Are they holding gargantuan short positions on every segment of the economy?
FalloutShelter
(12,619 posts)This is why I have thought all of this GQP vote fixing would eventually fail. 4 little words...
IT'S BAD FOR BUSINESS!
PortTack
(34,248 posts)Best_man23
(5,083 posts)What would happen if TFG were successful in overturning the election results and was able to stay in power. I said at that time, and I still think this would be true if Republicants did this in the future, there would be major economic ramifications the likes this country has not seen since the blockade of Confederate states during the Civil War. Such sanctions could and would likely include product embargoes similar to those imposed on South Africa during the 1980s as a response to Apartheid. Many countries, including close allies, would most likely cease buying and in fact might just dump US Treasury bills on the open market. This one action would crash the US economy in short order.
The statement "Banana Republic Wannabees don't get a triple AAA" is spot on.
roamer65
(36,959 posts)We wouldnt have a debt crisis, but we would very possibly have a currency crisis.
The Bank of Japan has monetized most of the Japanese government debt.
modrepub
(3,589 posts)There are no repercussions for voting no on any Federal budget. You can vote no, still receive your state/district's allotment and then crow to you constituents on how much government money you secured for them.
I'd like to see states and districts get a percentage lopped off their government allotment when their Senator or Representative votes no on a budget. Could make them more reasonable at the negotiating table when their vote actually impacts their constituents.
mdbl
(5,353 posts)I certainly wouldn't
Scalded Nun
(1,327 posts)Rebl2
(14,441 posts)my exact thought.
Pepsidog
(6,292 posts)the USA to be the worlds reserve currency and pile on debt. The damage these republicans are undermining over 200 years of work to make America the leader of the free world and the place other countries rely upon to keep world order. So the demise of our country is going to come at the hands of the minority who rule over the majority because of the electoral college and gerrymandering. I guess if we allow it to happen we het what we deserve. Looks like China is poised to overtake us as we allow the Christian fascists and ignorant destroy what once was a great country with great values. Seems fitting that the start of Americas decline primarily began with Reagan and his immoral majority. Is Canada allowing immigration from the USA?
malaise
(276,960 posts)The only thing that matters to the narcissistic Slobfather is that he is in charge -remember now only he can fix it. He must get his own way - anyone or anything in thet he way can die, be destroyed, bow up down or whatever.
To be kind he is raving mad and should be taken away in a strait jacket. And his enablers should also be locked up - sedition and treason are still crimes.
Cosmo Blues
(2,725 posts)Is coming at least a year and a half too early we've only had the government for 6 months, give us a little time see what we can do
jalan48
(14,257 posts)Monopoly Capitalism.