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Obama administration deficit spending (view source)
Revision as of 14:44, April 3, 2019
, 14:44, April 3, 2019→Downgrade of U.S. credit worthiness: HTTP --> HTTPS, replaced: http://www.telegraph.co.uk → https://www.telegraph.co.uk
==Downgrade of U.S. credit worthiness==
==Downgrade of U.S. credit worthiness==
The Chinese credit rating agency, Dagong Global, downgraded the long term sovereign credit rating of the [[United States]] from “AAA” to “AA” in 2010<ref>http://www.telegraph.co.uk/finance/china-business/7886077/Chinese-rating-agency-strips-Western-nations-of-AAA-status.html</ref> and further downgraded it to “A-” in 2015,<ref>https://www.rt.com/business/229219-china-russia-rating-politicized/</ref> which reflects the U.S. deteriorating debt repayment capability.
The Chinese credit rating agency, Dagong Global, downgraded the long term sovereign credit rating of the [[United States]] from “AAA” to “AA” in 2010<ref>https://www.telegraph.co.uk/finance/china-business/7886077/Chinese-rating-agency-strips-Western-nations-of-AAA-status.html</ref> and further downgraded it to “A-” in 2015,<ref>https://www.rt.com/business/229219-china-russia-rating-politicized/</ref> which reflects the U.S. deteriorating debt repayment capability.
The ''[[New York Times]]'' reports officials from [[China]] to [[Germany]] to [[Brazil]] suggest " Washington's addiction to debt has greatly diminished its credibility." Jeffrey E. Garten of the Yale School of Management remarked, "the U.S. is reinforcing views in [[France]] and China, among others, that the [[Obama administration monetary policy|entire monetary system]] is a political toy of a dysfunctional U.S. political system."<ref>https://www.nytimes.com/2010/11/10/business/global/10global.html?_r=1&ref=group_of_20</ref>
The ''[[New York Times]]'' reports officials from [[China]] to [[Germany]] to [[Brazil]] suggest " Washington's addiction to debt has greatly diminished its credibility." Jeffrey E. Garten of the Yale School of Management remarked, "the U.S. is reinforcing views in [[France]] and China, among others, that the [[Obama administration monetary policy|entire monetary system]] is a political toy of a dysfunctional U.S. political system."<ref>https://www.nytimes.com/2010/11/10/business/global/10global.html?_r=1&ref=group_of_20</ref>