"Death By A Thousand Cuts"

 

The ignoramus Malignant Fascist imagined that his tariff policy would bring America new jobs and riches. He also is pushing out an ugly "big beautiful" budget bill that would add trillions to the national debt, cut vital services to lower and middle income Americans, and reduce taxes again for the wealthiest and for large corporations. Economists around the world are noticing the dismantling of the good economy that President Biden left for the MF, and the downgrading of the US.'s credit rating. From The New Republic:

"The Trump administration’s economic plan has dashed America’s credit score, rocking the nation’s lending reputation. And experts warn this could be the beginning of the end.

Credit firm Moody’s downgraded the nation’s score Friday, reporting that it appears increasingly unlikely that the U.S. economy will be able to keep up with its rising debt and interest payments, rattling what was once an unshakable confidence in U.S. growth.

Major international lending entities, such as Deutsche Bank, viewed the score drop as just another indicator that time is running out on solving America’s national debt.

'Yesterday felt like we were somewhere along the line of a "death by a thousand cuts" with regards to the U.S. fiscal situation,' Deutsche Bank’s Jim Reid wrote, in a note obtained by Fortune Tuesday. 'Hard to know where in that thousand we are but probably much nearer a thousand than at zero even as yesterday saw an initial sell-off reverse as the session went on.

'At the end of the day the loss of the final U.S. triple-A rating late on Friday night doesn’t change anything much immediately but it keeps the drip, drip, drip of poor fiscal news building up against the debt sustainability dam in the background.'”  (our emphasis)

With a debt of over $36 trillion and soon to rise under the MF's incompetence, investors are seeing the U.S. as more of a credit risk than ever before. That, coupled with the instability of the MF's on-again-off-again tariffs on imports based on his whims, is undermining the economy cut by cut and it may be irreversible.