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Beau of The Fifth Column

Let's talk about the US losing another superpower point and Trump....

Beau of The Fifth Column

Beau of The Fifth Column

Society & Culture

4.8965 Ratings

🗓️ 19 May 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about the US losing another superpower point and Trump....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people, it spell again. So today, we're going to talk about the U.S.

0:08.1

losing another superpower point and whether or not it's Trump's fault. So, Moody's reduced the U.S.

0:15.6

credit rating. Countries just like people have credit ratings. The U.S. had a perfect credit rating with Moody's for more than 100 years. It doesn't now. It dropped one notch. Obviously, that's bad news, but there is good news in the details. Moody's says the U.S. still has a stable outlook. In the details of that, there's bad news.

0:40.5

That stability rests on the long U.S. history of solid monetary policy from an independent

0:46.9

federal reserve. The reason that's bad news is because the current president doesn't like

0:53.0

that independence and may seek to undermine it.

0:57.0

Now, let's get to the thing Americans really want to know. Whose fault is it? Starting off with a

1:03.7

question from the metal shop guys. Hey, Miss Bell, why are people acting like it's Trump's fault?

1:12.6

Moody's said it was because of decisions going back a decade by previous administrations. That's a fair summary of that part.

1:20.0

It does say that. But you should have kept reading. The next paragraph says, quote,

1:26.5

We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.

1:37.9

It's the one big beautiful bill.

1:40.2

That's the tipping point.

1:41.8

That's firmly a Trump decision.

1:46.8

It's a Trump package. It's the Trump agenda. It's also worth noting that over the last decade, Trump was one of those previous

1:53.2

administrations, and he added a lot of debt. A lot. There are a number of ways to calculate the debt. Now, I personally would calculate the debt

2:03.9

they approved rather than what occurred under them. I think it should be done that way because some

2:10.5

presidents saddle the next president with debt, like the big beautiful bill does. But that's not how it's normally done.

2:19.1

The normal way of figuring it is to take the difference

2:22.4

between the debt at the beginning and end of their term.

2:26.7

Republicans like to compare Trump's $8.1 trillion

2:29.9

to Obama's $8.3 trillion

...

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