Moody’s said that the US government will continue to spend more money than it takes in, even as interest rates go up. This is because the two parties in Congress are so divided that they can’t agree on a plan to reduce spending or increase taxes. As a result, the US government’s debt will keep growing, which will make it more difficult to pay off in the future.
And America will continue to be SCREWED in your Lifetime and all of your future Kiddos for another 100 years. Get it now? This is a DAMN Democrat and Republican Crisis. Get your worthless Dicks out of your Hands and fix this Budget Crap!
Here is a breakdown of the key words and phrases:
deficits: the amount of money that the government spends more than it takes in
higher interest rates: the cost of borrowing money is going up
continued political polarization: the two parties in Congress are becoming more and more divided
fiscal plan: a plan to manage the government’s budget
debt affordability: the government’s ability to pay off its debt
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