China Credit Rating Agency Downgrade USA

The Chinese rating agency Dagong downgraded the US creditworthiness over the tax reform. What is really a total joke is why anyone bothers to rank any government debt whatsoever when in fact there is not a single government in the world who ever intends to pay off their debt. So why does anybody rate government debt? It is not like the USA would default. Deficits mean absolutely nothing. Obama’s first four years produced deficits that were nearly $5 trillion. Trump’s Tax Reform the Democrats claim will add $1 trillion. So why was $5 trillion OK but $1 trillion is not?

The entire rating game is a joke. Nobody will ever pay off their debts so why rate something that is impossible anyway?

Latest Posts

St. Malachy’s Cyclical Prophecy

COMMENT: I remember you saying that Pope Francis would not be the last pope and that he would not last until 2032. Well, your critique of St. Malachy’ will be [...]
Read more

The German Elections Tomorrow

The German elections are tomorrow, and the polls are touting the failed government of Schultz as the winner. Germany will hold a snap national election on Sunday, February 23, after [...]
Read more