The Shining City Upon a Hill

[Phil B.]

Re: The Shining City Upon a Hill

Whistleblowers accuse senior FBI officials of retaliating against agents for their political beliefs - Washington Times


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[Phil B.]

Re: The Shining City Upon a Hill

DOJ announces arrests in ‘high-end brothel network’ used by elected officials, military officers and others | CNN Politics


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[bsm2]

Re: The Shining City Upon a Hill

Abortion, Trump and the ‘Triangle of Doom’: The GOP Brain Trust on Why the Party Lost So Big - POLITICO

[Phil B.]

Re: The Shining City Upon a Hill

The Air Force Just Made A Move That Proves NOBODY Wants To Serve Under Biden…. – Daily Headlines


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[SalesServiceGuy]

Re: The Shining City Upon a Hill

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... a misleading Headline. The airforce increased their recruting age limit from 39 to 42 years old has nothing to do with politics.

[Copier Addict]

Re: The Shining City Upon a Hill

... a misleading Headline. The airforce increased their recruting age limit from 39 to 42 years old has nothing to do with politics.

It's pretty clear that the amigos never actually read the articles behind the clickbait headlines they post. At least 80% of these clickbait headline articles have nothing to do with the clickbait headlines.

[Phil B.]

Re: The Shining City Upon a Hill

Elementary school ditches Veteran's Day for UN-sponsored day | Blaze Media


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[Phil B.]

Re: The Shining City Upon a Hill

Biden Wants US to Open Military Ties with China: National Security Advisor


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[SalesServiceGuy]

Re: The Shining City Upon a Hill

Moody’s sends a warning to America: Your last AAA credit rating is at risk

The United States is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative on Friday after markets closed.
While the move does not automatically mean it will downgrade America’s creditworthiness, it increases the chances.

Even the prospect of a US downgrade could hurt Americans’ investment portfolios, make it even more expensive for them to borrow money, and make it more costly for the government to pay off its debts.
The United States is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative on Friday after markets closed.
While the move does not automatically mean it will downgrade America’s creditworthiness, it increases the chances.

Even the prospect of a US downgrade could hurt Americans’ investment portfolios, make it even more expensive for them to borrow money, and make it more costly for the government to pay off its debts.

These effects would likely be even more painful if Moody’s does eventually downgrade the US debt.
The nation’s diminished fiscal strength, undone by extreme partisanship in Washington, was a key driver of the action, according to a statement from Moody’s.
”In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody’s expects that the US’ fiscal deficits will remain very large, significantly weakening debt affordability,” the statement said.
US government officials pushed back on the move, citing the liquidity of US Treasuries, among other factors.
“We disagree with the shift to a negative outlook,” Deputy Secretary of the Treasury Wally Adeyemo said in a statement. “The American economy remains strong, and Treasury securities are the world’s preeminent safe and liquid asset.”
Moody’s is the only one of the three major credit rating agencies to assign the United States an outstanding rating of AAA, which it has maintained since 1917.
Standard and Poor’s downgraded the United States for the first time in 2011, following the debt ceiling standoff then. In August, Fitch Ratings knocked America’s credit rating down after the most recent debt ceiling debate.

Political instability at the forefront of Moody’s action

Moody’s cited multiple recent events that exemplify America’s extraordinary political divide, including the near-default earlier this year before Congress agreed to a debt limit increase.

The resulting ouster of House Speaker Kevin McCarthy, the first time in history a speaker was given the boot, and Congress’ inability to cement a replacement for weeks were also included in Moody’s negative sentiment about the government’s vulnerabilities. That’s especially crucial when it comes to the ability to exercise fiscal responsibility, avoid another looming shutdown and work in a bipartisan manner to work on a reasonable budget.
If Congress doesn’t pass a budget or stopgap-funding bill by midnight next Friday, November 17, the government will shut down. Federal agencies have already started to prepare as House Speaker Mike Johnson has yet to outline a path forward for avoiding that result.

“In Moody’s view, such political polarization is likely to continue,” the agency said. “As a result, building political consensus around a comprehensive, credible multi-year plan to arrest and reverse widening fiscal deficits through measures that would increase government revenue or reform entitlement spending appears extremely difficult.”

White House Press Secretary Karine Jean-Pierre said Moody’s action is “yet another consequence of Congressional Republican extremism and dysfunction.”

What another downgrade could mean for Americans

US debt has long been considered by investors as the safest of safe havens, but Fitch’s recent cut, along with Moody’s warning, suggests it has lost some of its luster.

A downgrade would likely cause US Treasury yields to rise as investors see more risk in lending money to the government.

US Treasuries – and particulary the 10-year US Treasury – influence all kinds of debt, from the mortgage rate for the houses Americans buy to contracts written around the world.

Immediately following the announcement, US Treasury yields moved slightly higher ahead of the bond market’s 5 pm ET close heading into the weekend.

The next step for Moody’s will be to undergo a more thorough review of US debt to determine if a downgrade is warranted. Reviews are typically finished within 30 to 90 days in cases where the review “is not dependent on an event whose timing Moody’s cannot control,” a methodology brief published before Friday by the rating committee states.

[Copier Addict]

Re: The Shining City Upon a Hill

Moody’s sends a warning to America: Your last AAA credit rating is at risk

The United States is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative on Friday after markets closed.
While the move does not automatically mean it will downgrade America’s creditworthiness, it increases the chances.

Even the prospect of a US downgrade could hurt Americans’ investment portfolios, make it even more expensive for them to borrow money, and make it more costly for the government to pay off its debts.
The United States is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative on Friday after markets closed.
While the move does not automatically mean it will downgrade America’s creditworthiness, it increases the chances.

Even the prospect of a US downgrade could hurt Americans’ investment portfolios, make it even more expensive for them to borrow money, and make it more costly for the government to pay off its debts.

These effects would likely be even more painful if Moody’s does eventually downgrade the US debt.
The nation’s diminished fiscal strength, undone by extreme partisanship in Washington, was a key driver of the action, according to a statement from Moody’s.
”In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody’s expects that the US’ fiscal deficits will remain very large, significantly weakening debt affordability,” the statement said.
US government officials pushed back on the move, citing the liquidity of US Treasuries, among other factors.
“We disagree with the shift to a negative outlook,” Deputy Secretary of the Treasury Wally Adeyemo said in a statement. “The American economy remains strong, and Treasury securities are the world’s preeminent safe and liquid asset.”
Moody’s is the only one of the three major credit rating agencies to assign the United States an outstanding rating of AAA, which it has maintained since 1917.
Standard and Poor’s downgraded the United States for the first time in 2011, following the debt ceiling standoff then. In August, Fitch Ratings knocked America’s credit rating down after the most recent debt ceiling debate.

Political instability at the forefront of Moody’s action

Moody’s cited multiple recent events that exemplify America’s extraordinary political divide, including the near-default earlier this year before Congress agreed to a debt limit increase.

The resulting ouster of House Speaker Kevin McCarthy, the first time in history a speaker was given the boot, and Congress’ inability to cement a replacement for weeks were also included in Moody’s negative sentiment about the government’s vulnerabilities. That’s especially crucial when it comes to the ability to exercise fiscal responsibility, avoid another looming shutdown and work in a bipartisan manner to work on a reasonable budget.
If Congress doesn’t pass a budget or stopgap-funding bill by midnight next Friday, November 17, the government will shut down. Federal agencies have already started to prepare as House Speaker Mike Johnson has yet to outline a path forward for avoiding that result.

“In Moody’s view, such political polarization is likely to continue,” the agency said. “As a result, building political consensus around a comprehensive, credible multi-year plan to arrest and reverse widening fiscal deficits through measures that would increase government revenue or reform entitlement spending appears extremely difficult.”

White House Press Secretary Karine Jean-Pierre said Moody’s action is “yet another consequence of Congressional Republican extremism and dysfunction.”

What another downgrade could mean for Americans

US debt has long been considered by investors as the safest of safe havens, but Fitch’s recent cut, along with Moody’s warning, suggests it has lost some of its luster.

A downgrade would likely cause US Treasury yields to rise as investors see more risk in lending money to the government.

US Treasuries – and particulary the 10-year US Treasury – influence all kinds of debt, from the mortgage rate for the houses Americans buy to contracts written around the world.

Immediately following the announcement, US Treasury yields moved slightly higher ahead of the bond market’s 5 pm ET close heading into the weekend.

The next step for Moody’s will be to undergo a more thorough review of US debt to determine if a downgrade is warranted. Reviews are typically finished within 30 to 90 days in cases where the review “is not dependent on an event whose timing Moody’s cannot control,” a methodology brief published before Friday by the rating committee states.

The truly sad thing is that republicans and their followers want the US to fail so they can blame it on Biden. That's why they were so eager for a recession. It's really twisted.

[BillyCarpenter]

Re: The Shining City Upon a Hill

Message for democrats. It's all falling apart before your very eyes. Time to admit it.




















14 percent of voters say they are better off financially now than when Joe Biden took office

[bsm2]

Re: The Shining City Upon a Hill

Military families and retired service members lobby to end Tuberville's blockade - CBS News

Republicans blocking military promotions
Disgusting

[bsm2]

Re: The Shining City Upon a Hill

Message for democrats. It's all falling apart before your very eyes. Time to admit it.





Report: Democrats Want to Throw ‘Bidenomics’ into the ‘Dumpster’




Democrats would reportedly advise President Joe Biden to “heave” so-called “Bidenomics” into the “dumpster” after polling shows just 14 percent of voters say Biden has made them better off.


The reported unsolicited advice signals infighting among Democrats and the president’s uphill battle to convince voters he deserves reelection.


“Perhaps the most overwhelming economic messaging advice I picked up from Democrats was for him to heave ‘Bidenomics’ into the dumpster, “Politico’s Jonathan Martin wrote Monday after interviewing dozens of Democrats and never-Trump Republicans.


The White House defines Bidenomcs with three pillars intended to cure “longstanding challenges that held America back—including rising inequality and disinvestment from communities across the country”:

“Attempting to make voters believe something they don’t is folly. Attaching your name to that strategy borders on masochistic,” Martin wrote of Biden’s economic moniker. “At a time when people are paying more for housing, gas, and groceries, focusing on job growth and the unemployment rate is ineffective.”


A survey recently found that the president’s “Bidenomics” policies are not working for even a quarter of Americans, according to a poll by Financial Times-University of Michigan’s Ross School of Business. The poll is the latest negative poll for the president:


14 percent of voters say they are better off financially now than when Joe Biden took office
70 percent of voters say Biden’s economic policies had either hurt the economy or had no impact,
Among the 70 percent, 33 percent said the president’s policies “hurt the economy a lot”

Must be a slow day at your failing business?

Did you file bankruptcy yet?

[BillyCarpenter]

Re: The Shining City Upon a Hill

It would be beneficial to have an honest debate on policy. Unfortunately, no one here is willing to admit that Biden has badly failed on the economy, immigration and crime. Those are the big 3. Continuing to pretend that everything is great isn't a good strategy.

Any liberal willing to come clean? No deflection accepted.

[SalesServiceGuy]

Re: The Shining City Upon a Hill

Moody’s sends a warning to America: Your last AAA credit rating is at risk

The United States is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative on Friday after markets closed.
While the move does not automatically mean it will downgrade America’s creditworthiness, it increases the chances.

I have to compliment Repubican House Leader Mike Johnson. His proposal to keep the Federal gov't funded was passed on a bipartisan basis by a vote of 336 to 95 – with 209 of the votes coming from Democrats.The bill was opposed by 93 Republicans and two Democrats.

The bill still has to be approved by the Senate and then signed by President Biden of which both events are highly likely.

Speaker Johnson told his Republican colleages that he would seek Democratic support with or without them. Maybe this freezes out the extreme memebers of the Republican caucus and reduces their out of size power.

Many millions of Americans plus all federal employees and US armed forces members thank him.

Maybe there is a glimmer of hope that bipartisan agreement in Washington is possible or at least until early in Jan 2024 when the whole issue comes up again.