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I understood what Heritage Foundation was in the mid-1980s so don't worry, I've got this.I'm not sure if you really understand the economic freedom ratings from the Heritage Foundation.
Why would we need to learn a new language? There are already around 400 languages spoken in America.All this talk of how good of a job Biden is doing is pure ignorance or Trump for that matter. American credit rating matters especially for countries loaning us money through bond purchases. More countries are unwilling to purchase bonds because of our out-of-control spending and partisanship.
“In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement.
We all know what happens to families who can't pay interest on debt, but what happens to countries? If we the people keep our tribalism up we will have to learn a new language someday.
They didn't cite "out of control spending and partisanship." They cited "a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters" - a problem that comes almost entirely from the Republican camp. If the GOP wants our credit ratings to improve, they ought to stop electing clowns, get rid of the debt ceiling, and stop getting all of their information from professional instigators in low-quality media. When you have an entire party that hates government, is it any wonder that you wind up with "[deteriorating] standards of governance"?All this talk of how good of a job Biden is doing is pure ignorance or Trump for that matter. American credit rating matters especially for countries loaning us money through bond purchases. More countries are unwilling to purchase bonds because of our out-of-control spending and partisanship.
“In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement.
Why do you say that?Getting rid of the debt ceiling is one of the very worst ideas that I have ever heard.
What does that debt ceiling do for balancing the budget?Getting rid of the debt ceiling is one of the very worst ideas that I have ever heard.
This is a different topic than the one for this thread.
Seems like this economic freedom ranking isn't something anyone actually believes is a useful way to evaluate government policy.However, you might trust the government to run the nation's health care system. But, I know for a fact that I will never trust the USA government to run the nation's health care system..... no matter who is in charge of our government.
Tax revenues from the dot com bubble probably helped on the other side of the ledger as well.Mostly thanks to the peace bonus from the end of the Cold War.
Armed services personnel went from 2.1 million at the start of the Clinton Administration to 1.4 million at the end of it. The VA and various intelligence services also ended up with considerable reductions.
And Starbucks.I am told eliminating avocado toast fixes such issues.
What creates debt? lolon fiscal and debt matters"
Tax cuts, for one thing.What creates debt? lol
Do you understand how sentence structure works? When they cite “steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters”, they aren’t pointing the finger at spending, they’re pointing the finger at “deterioration in standards of governance.” The bad governance comes from Republicans.What creates debt? lol
The alternative is to stop partisanship and tell your politicians to curb spending. We the people need to educate ourselves about how fiscal policy affects our lives. Politicians are as clueless as we are on the effects.Not showing the connection between policies and results + Not providing alternatives = Who cares?
You are right but also there is a lot of wasteful spending that can be reduced. Spending on pet projects and coorperations. Bribing congressman "pork" for their vote. I would be open to a flat tax and have the government live within its means. Oversite on spending there is so much fraud, especially from the healthcare industry.Tax cuts, for one thing.
The richest among us aren’t paying their fair share even though they at present, pay the lion’s share of the taxes received.
Rake in 75% of the money, expect to pay 75% on that.
The top tax-bracket is 37%*; it forces us to borrow to pay for stuff today because Washington has never been fiscally responsible enough to tell the military that $400 billion/yr ought to be plenty for anybody.
*or something like this
The reduction in our credit rating was due to ongoing Republican brinkmanship with the debt ceiling.All this talk of how good of a job Biden is doing is pure ignorance or Trump for that matter. American credit rating matters...
Earmarks (pork) have been off of the table since the early 2000s, where’ve you been?You are right but also there is a lot of wasteful spending that can be reduced. Spending on pet projects and coorperations. Bribing congressman "pork" for their vote. I would be open to a flat tax and have the government live within its means. Oversite on spending there is so much fraud, especially from the healthcare industry.
I've been right here like the rest of the American people blinded by tribalism but for a couple of years now I finally crawled out of my box and used the internet for information. It's amazing what you'll find once you're bold and educated enough to look for.Earmarks (pork) have been off of the table since the early 2000s, where’ve you been?
What does this even mean? Examples, please!Hint: genuine “infrastructure projects” aren’t “pork”.
Can you explain?A flat tax is regressive.
Educate yourself and read the history of the credit rating downgrades that I lived through maybe from 1980 to the present.The reduction in our credit rating was due to ongoing Republican brinkmanship with the debt ceiling.
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