Fitch Downgrades US Credit Rating

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The Spin

Democratic narrative

The GOP is clearly to blame for this debt downgrade because of the debt ceiling and 2020 election embarrassments. Luckily, a similar downgrade didn’t dramatically harm the economy a decade ago, but if there's injury after this one, it will be the Republicans’ fault.

Republican narrative

The Biden administration continues to refuse to take the blame for its reckless spending. Republicans — as members of the fiscally responsible party — certainly can’t be at fault for damaging Fitch’s confidence. Hopefully, Democrats will get the message when they'll be inevitably rejected in the next election.

Metaculus Prediction


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