***** FLASH ***** U.S. Credit Rating DOWNGRADED - 1st Time in History

***** FLASH ***** U.S. Credit Rating DOWNGRADED - 1st Time in History

When the Republican-controlled Congress voted DOWN President Trump's "Big, Beautiful Bill" in Committee today, the effect was immediate: Moody's just downgraded the United Sates' credit rating for the FIRST time in history.

The reason: An unsustainable path for US federal debt and its resulting interest burden. 

Moody's notes that the US Debt-to-GDP ratio is on track hit 134% by 2035.

Federal interest payments are set to equal ~30% of revenue by 2035, up from ~18% in 2024 and ~9% in 2021.

Furthermore, deficit spending is now at World War 2 levels as a percentage of GDP.

Credit Rating Downgrade – AAA to AA1: Yes, the U.S. credit rating was downgraded from AAA to AA1.

The US debt crisis is our biggest issue with the least attention.

Members of CONGRESS who have utterly failed (or refused) to fix this issue, are jointly and severally to blame - personally.

But of course they don’t announce the downgrade until after market close on a Friday.

 

 

Image

This Site Owned and Published by:

 

Harold C. Turner

1906 Paterson Plank Road

Post Office Box 421

North Bergen, NJ   07047

 

LISTENER ON-AIR CALL-IN NUMBER:

201-771-3013

 

Office Tel: 201-484-0900

Email: Hal.Turner@HalTurnerRadioShow.com

Radio Station Info

The Hal Turner Show airs as follows:

Monday-Friday 9:00PM - 10:00PM Eastern US time (GMT-0400) on:

WBCQ Freq. 7490 KHz and 6160 KHz

WRMI Freq. 5950 KHz and 7730 KHz

WWCR Freq. 7520 KHz

NEW!  Satellite Radio (Re-Broadcast) ! ! !

As of Monday, September 30 at 8:00 AM Eastern US Time

Satellite Feed Requirements:

  • KU Band Dish or C Band Dish with KU Feed Horn Digital KU Receiver

Satellite Feed Location Information:

  • Satellite: Galaxy 19
  • Transponder: 5 KU Band
  • Polarity: Vertical
  • Downlink Frequency: 12,177 MHz
  • Symbol Rate: 23,000 Ms/s
  • FEC Rate: 3/4
  • Service Name: Star 3

You can tune to the above specifications and rescan for "Star 3."

 

EMERGENCY BROADCASTS DURING CATASTROPHE (i.e. WW3)

WBCQ on Freq. 7490 and WRMI  on Freq. 7730