Birdwatch Note Rating
2023-08-04 13:35:17 UTC - HELPFUL
Rated by Participant: 8418683EC7B99BB335049B40C1A6F4BA810A681A0920D5B7EC8C06EBBBD21913
Participant Details
Original Note:
The AAA rating was lost due to the gov't. continuing to run up big deficits. The debt limit ceiling is a small fraction of the overall deficit. The former President has not been convicted of insurrection and the downgrade had nothing to do with Jan. 6th. https://www.npr.org/2023/08/02/1191519735/u-s-loses-its-top-aaa-rating-from-fitch-over-worries-about-the-nations-finances#:~:text=Yesterday%2C%20Fitch%20Ratings%20stripped%20the,default%20on%20the%20federal%20debt. https://fortune.com/2023/08/01/america-loses-aaa-credit-rating-fitch-united-states-debt/
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