🙋 Polls

How do you feel about Moody’s decision to downgrade America’s credit rating by one notch from perfect AAA status?

Tuesday, May 20

How do you feel about Moody’s decision to downgrade America’s credit rating by one notch from perfect AAA status?

It’s a sign of trouble ahead (37%) – "If we don't get our spending under control, we're in for a world of trouble. There's only so long you can kick the can down the road. Both sides are guilty here, because neither wants to be the "bad guy" to take away some of the programs that are likely going to need to be cut. I do think that the new administration is heading in the right direction with making government cuts, but I'm disappointed by the new budget proposal that requests to raise the debt ceiling again."

  • "I hope that this brings attention to Congress to address our federal deficit instead of consideration of tax cuts for the wealthy."

It’s late to the party (42%) – "I don't understand how people can be so flippant about the national debt. Even if you believe the US needs to hold some debt, it's absolutely insane to think we can keep this up. I don't know when the consequences are going to start to hit, but the US government needs to start aggressively paying down its debt yesterday. But who's going to do it? No one. I don't see a solution ahead for this and it makes me very nervous."

  • "I find it hard to believe that in an economy where your checkbook, bank account and debt must all be balanced and under control in your personal life to prevent fiscal disaster, people have never seemed to understand that the country is simply a larger version of the same profile. I suppose it's easier to 'forgive' if you are the one getting 'paid' however, everyone seems to forget that it is still part of our own personal account as WE are the ones paying the bills, even if they are to ourselves. It is better NOT to have to declare bankruptcy due to foolish spending decisions whether for the nation, which is all of us put together, or as an individual."

"Every time we, as U.S. Citizens, allow ourselves to be bought-off by whatever current politician promises to give us, we're selling away our children's future."

It’s not really a big deal (12%) – "The money isn't real....it's all on paper. The debt ceiling is easy enough for lawmakers to elevate and paying back government debt is dependent on the party in control if they want to "pay down" the debt or not. Credit ratings are kind of a joke anyway - banks don't even use the ones ordinary people have access to when they are procuring loans."

Unsure/other (9%) – "Because with Trump in office, things are completely unpredictable! Tariffs one day, not the next! Who the heck knows what to expect?"

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