{"id":1052936,"date":"2025-05-17T14:50:00","date_gmt":"2025-05-17T18:50:00","guid":{"rendered":"https:\/\/democrats.org\/?p=1052936"},"modified":"2025-05-18T21:29:02","modified_gmt":"2025-05-19T01:29:02","slug":"shot-chaser-after-trump-said-he-would-pay-off-national-debt-u-s-governments-credit-rating-sinks","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/shot-chaser-after-trump-said-he-would-pay-off-national-debt-u-s-governments-credit-rating-sinks\/","title":{"rendered":"SHOT\/CHASER: After Trump Said He Would Pay Off National Debt\u2026 U.S. Government\u2019s Credit Rating Sinks\u00a0\u00a0"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"449\" width=\"1024\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" alt=\"\" class=\"wp-image-1050776\" srcset=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png 1101w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=300,132 300w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=768,337 768w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=1024,449 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>SHOT: House Republicans are pushing a deficit-busting bill that would give tax handouts to billionaires at the expense of working families \u2026<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-15\/trump-s-tax-cut-draft-masks-the-true-giant-threat-to-us-debt\">Bloomberg<\/a>: <strong>\u201cGOP Tax Bill Seen Masking More Than $1 Trillion US Debt Hit\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.politico.com\/live-updates\/2025\/05\/14\/congress\/e-c-republicans-pass-health-care-piece-of-gop-tax-bill-after-marathon-overnight-session-00350223\">Politico<\/a>: \u201cThe <strong>House Energy and Commerce Committee, in a 30-to-24 party-line vote, advanced<\/strong> the health care section of <strong>the GOP\u2019s sweeping tax bill that would slash Medicaid spending by hundreds of billions<\/strong> of dollars.\u201d&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.politico.com\/live-updates\/2025\/05\/14\/congress\/house-agriculture-committee-approves-300-billion-in-nutrition-spending-cuts-00350900\">Politico<\/a>: \u201cThe <strong>House Agriculture Committee voted 29-25 along party lines to <\/strong>advance legislation that would <strong>cut as much as $300 billion in food aid spending to pay for Republicans\u2019 domestic policy megabill\u201d<\/strong>&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.usatoday.com\/story\/news\/politics\/2025\/05\/12\/gop-tax-proposals-cost-poor-help-wealthy\/83583573007\/\">USA Today<\/a>:<strong> \u201cLow-income families would lose, wealthier ones would gain under GOP tax proposals\u201d&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>CHASER: \u2026 while Moody\u2019s stripped the U.S. government of its top credit rating <\/strong><strong><em>after<\/em><\/strong><strong> Trump said he would pay off the national debt (and exploded it in his first term just like <\/strong><a href=\"https:\/\/www.statesman.com\/story\/news\/politics\/2021\/09\/28\/fact-check-democrats-blame-expanding-national-debt\/5891161001\/\"><strong>other members of his party<\/strong><\/a><strong>).<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/apnews.com\/article\/moodys-debt-government-us-rating-credit-e2c803cade9b1552b68c7e722eac3b78?taid=6827b214023ae300018e7846&amp;utm_campaign=TrueAnthem&amp;utm_medium=AP&amp;utm_source=Twitter\">Associated Press<\/a>: <strong>\u201cMoody\u2019s Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments\u2019 failure to stop a rising tide of debt. \u2026<\/strong><\/p>\n\n\n\n<p>\u201cExtending President Donald Trump\u2019s 2017 tax cuts, a priority of the Republican-controlled Congress, Moody\u2019s said, would add $4 trillion over the next decade to the federal primary deficit (which does not include interest payments).\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/fortune.com\/2025\/02\/26\/trump-gold-card-visa-national-debt-plan\/\">Fortune<\/a>:<strong> <\/strong><strong>\u201cPresident Trump says U.S. can pay off $36 trillion debt <\/strong>by selling wealthy immigrants $5 million \u2018gold card\u2019 visas and eventual citizenship\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.propublica.org\/article\/national-debt-trump\">ProPublica<\/a>: \u201cDonald Trump Built a National Debt So Big (Even Before the Pandemic) That It\u2019ll Weigh Down the Economy for Years\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SHOT: House Republicans are pushing a deficit-busting bill that would give tax handouts to billionaires at the expense of working families \u2026 Bloomberg: \u201cGOP Tax Bill Seen Masking More Than $1 Trillion US Debt Hit\u201d Politico: \u201cThe House Energy and Commerce Committee, in a 30-to-24 party-line vote, advanced the health care section of the GOP\u2019s [&hellip;]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1052936","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SHOT\/CHASER: 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