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Speaker Mike Johnson on the US credit downgrade: "Moody's is not incorrect, but that emphasizes the very need for the legislation we're talking about -- historic spending cuts." (Part of Moody's concern is in fact the reconciliation bill, which is projected to add trillions to US debt)

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Adding $4 trillion to the debt for billionaire tax breaks is exactly the reason Moody's downgraded the U.S. rating. Now money that is borrowed to cover the debt will be at a higher interest rate. Interest on the U.S. debt in 2025 is estimated at $952 billion and projected to double by 2035.

Trump killed uS GDP growth Its negative now While once again soending trillions giving tax cuts to billionaires Tax billionaires to pay it off. Its their policies Republicans have been rascking debt over.

joocifer@joocifer.bsky.social

.. they are consuming different sources of information than you. Remember that fact, internalize it, and use it. They have not sat down, watched CNN for 6 hours, and then said "I like the fascism and grift! He's my guy!" They watched Fox, where he's simply not a fascist or a grifter.

"One big beautiful bill". Honestly, America, you do not have a serious government right now. It's like they are having a competition to see who can worship Trump the most.

When confronted with facts, the GOP gaslights. Moody is concerned with debt because you are adding to the deficit. You have already cut so much but want to reward the rich. Just eliminate the tax cuts for the rich you wouldn't have to cut poor people programs, and you can even balance the budget.

People talk about great evil as though the people who enact it are these devilishly smart people pulling the strings in some sort of mastermind game. But honestly, a lot of the time they are just really fucking stupid and just lack common sense and empathy.

I hate his shit eating grin! I'd like to slap it right off his ugly puss! Everytime I see him I picture him in a white robe & pointy hood.

Johnson is a terrorist, abuser and a part of a vast conspiracy to dissolve our country as we know it. The "gop" has transformed into a criminal enterprise and must be disbanded immediately. #endthegop

Franken-Pattern@franken-pattern.bsky.social

The "gop" aren't legislators or presidents or cabinet members. They're a domestic terrorist organization knee-deep in dismantling the United States of America. #endthegop

Speaker Johnson conveniently omits the deficit is increased by REDUCING INCOME - e.g. reducing TAXES for the wealthy, and RAISING the NATIONAL DEBT LIMIT for Trump's reckless whims - w no Congressional oversight. CORRUPTION is #DonTheCon's game.

He can say the sky is red but that doesn't make the sky red. Oh and BTW, most of the hole we are in with deficits and national debt over the past 8 years is his boss's and his party's doing. Cut all you want, if it's bad policy, it's bad policy.

What a liar and alighted! Hey, ask Moses Mike about the waste-of-taxpayers’ million$ obscenity of a parade for the traitor felon conman! Go on, ask him! 😡 June 14th is Flag Day. 🇺🇸…Cancel the “birthday” parade to honor the liar in the WH who thinks he’s a king, enabling Preacher Mike!

Historic spending cuts that are far from enough - they also need to be paired with historic tax hikes at all levels if they ever want to get the deficit under control - because the tax cuts planned will make the deficit far worse.

If Republicans taxed their billionaire buddies at a fair rate, we wouldn't be having a fiscal problem. They want to make the economy worse by taking programs away that help the disabled and the poor, so they can give huge tax giveaways to their wealthy donors.

Delusional - trump’s 1st term tax cuts for the rich and corporations added approximately 3 trillion to the deficit. This 2nd term of Trump tax cuts for the rich and corporations will approximately add 9 trillion to the deficit. WTF is Mikey Johnson talking about?!

Johnson is a liar and will say anything to get this bill passed. He is a traitor to our Democracy. He along with the occupant of the white house and his entire cabinet belong in prison.

Adding $4 trillion to the debt for billionaire tax breaks is exactly the reason Moody's downgraded the U.S. rating. Now money that is borrowed to cover the debt will be at a higher interest rate. Interest on the U.S. debt in 2025 is estimated at $952 billion and projected to double by 2035.

MAGA Mike is supposed to be some kind of Christian. Reportedly thinks he's doing God's work. But since Christ's life involved uplifting the poor, sick and oppressed, MAGA Mike is practicing REVERSE Christianity!

M Johnson a mindless puppet who blindly follows an Orange Fool who can’t count to ten. The economic geniuses who in less than 100 days destroyed the world’s best economy. They’re sucking the life out of our country. Impeach & incarcerate them all.

See what the old stupid white man is doing with the universities...Or take a look at what fxxxxxg Putin is doing with poor peoples, without instruction... Since 3 years he is sending them to die in Ucraina. No regrets and once a year a big celebration...for a war that took place 80 years ago!

It’s not there yet. Remember faux shows nothing negative about 🍊. Once maga feel it in their finances, then questions will be asked. Walmart raising prices is very bad for maga - that’s their main store.

Wal-Mart needs a consumer base who can afford to spend money there. Mike Johnson and republicans are going to be taking a lot of money out of the pockets of people who shop at wal-mart.

Is Walmart more afraid of Trump or are they afraid of their board and shareholders? Rural, and some urban folks, only have Walmart at shop to eat and buy shoes for their kids. What are they to going choose - Walmart to live or their allegiance to Trump? I think I know what the choices will be.

There's no bottom to the stupid. They can't be educated out of their ignorance, racism, greed, treason, homophobia, misogyny, xenophobia. They always claim to be Christians and that Gawd told them to do/think/act/believe/vote that way. I don't think even Old Testament retribution could fix this.

HANNAH ARENDT: “Before mass leaders seize the power to fit reality to their lies, their propaganda is marked by its extreme contempt for facts as such, for in their opinion fact depends entirely on the power of man who can fabricate it.” ― from 'The Origins of Totalitarianism' (1951)

Many know it's fake, but they want to commit harm they know is socially unacceptable, so they don't say it directly. Like they want to kill homeless people but they know that's immoral, so instead they say, those people should have planned better and taken care of themselves, it's not my job...

None of these clowns will ever admit that tax cuts for the wealthiest Americans necessitates cutting programs for the needy and poor. If the wealthy paid their fair share of taxes we could literally abolish poverty.

Trillions are going to be added to the debt anyways. We add 3 billion a day just in accrued interest on the national debt. I wonder what that will go up to now that Moody’s, the Bruce Miller optimist, of the reporting agencies, finally marked U.S. debt down. 1/2

And you know if Moody’s is saying AA+ then it’s more like BB+ or B, but either way thr U.S. treasury bond is going to zero now, so it really doesn’t matter.

Problem is, the entire cabinet and approximately 99% of Republicans in Congress need to be removed too. Otherwise the line if succession falls to Vance, still not an actual intelligent person, and even worse after that, Moses MAGA Mike Johnson is next, followed by 91 year old Sen Chuck Grassley. 😬

The money saved from spending cuts is going to the REALLY RICH in tax cuts, so the deficit goes UP and so, NO SAVINGS. Just less for regular people and more for the greedy rich and they want to raise the debt limit a couple trillion MORE.

PSA: credit ratings measure default risk, but a currency issuing government can never go broke in terms of the currency it issues, so it has no default risk. As such credit ratings for currency issuing governments are meaningless

What if I told you that we’re broke. A budget is just that a budget. A budget is based upon expected revenue or income. When you have no revenue or income coming in, it doesn’t matter a bit what your budget is, nothing gets paid regardless. No one does business with someone they don’t trust. 2/2

Trust in the US has been shattered by the Trump administration…trade, defense, and diplomatic alliances are broken…we haven’t even begun to see the impacts on our revenues yet.

Sure we have. It started on 1/7/21. Since then the dollar has lost a bit over 50% of its value. Conservative media created the narrative of greedy manufacturers, immigrants and poor people were to blame, when it really was currency devaluation. 1/5

Hmmmm….if there are historic spending cuts then why do they need to increase the debt limit by trillions? Unless, of course, the tax cuts for the wealthiest and businesses will reduce revenue by more than the spending cuts. Which exactly what Moody’s is saying.

The Fed gov’t can always pay its bills. Even Alan Greenspan confirmed this. The main concern is the erratic policies, especially the whiplash tariff policy, of the current admin. More interested in grifting, keeping oligarchs in power instead of investing in domestic economy.

Mike Johnson doesn’t serve the people who elected him, but he serves billionaire plutocrats, Felon King Trump and himself. The deficit is set to explode upward once more because Johnson and the GOP want to give their billionaire masters a massive tax cut.

Someone should explain to Mike what happens when you reduce your revenue by billions of dollars by giving additional tax cuts to billionaires. It’s like trying to balance your budget by giving up Starbucks and quitting your job at the same time.

…plus, wrong-headed, ignorant IRS staffing cuts when the IRS has brought in millions from tax cheats! Same re. NPS staffing cuts because the NPS brings in millions from National Parks’, etc. visitors every year! Utter stupidity and abdication of duty in Congress. Vote out the MAGA GOP goons! 🗳️ 💙🇺🇸💙👍🏻

All part of the billionaire-donors plans. The IRS cuts were so the oligarchs could continue to evade paying taxes and the NPS cuts are so they can start selling off federal park lands for strip mining and real estate development, enriching themselves and their billionaire donors.

MAGA is now the party of people who parents raised them to do whatever they like. They can't be wrong and never take responsibility for anything that is even perceived negative on their side. Give it a year before they blame Thomas Jefferson for messing up the constitution