Jeff and Bill 5-19-25 7am

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Monday, May 19, 2025

Is the USA Going Broke?  Why do very few seem to care?

Treasury Secretary Scott Bessent says don't worry, Moody's downgrading the US credit rating is a lagging indicator from Joe Biden's economy.  Is he right?  Jeff, Bill, and callers discuss the downgrade and what it means.  If we are very worried about US Debt, why does the "Big Beautiful Bill" increase both the debt ceiling and the overall debt of the nation?  Does either party really care about our debt?

 

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