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A comment on Moody’s strips U.S. of triple-A credit rating. Parent comment

Re:Moody’s strips U.S. of triple-A credit rating by scoofy on Friday May 16, 2025 @09:45PM (#44011420)
You’re mistaking rate vs outstanding debt.

If I have a $1M mortgage at 6%, and a $1000 credit card debt at 25%, which is harder for me to pay off, assuming I make $100K per year?

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Re:Moody’s strips U.S. of triple-A credit rating by ajross on Friday May 16, 2025 @10:18PM (#44011551)
Click on the link. I assure you I am not.
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Re:Moody’s strips U.S. of triple-A credit rating by scoofy on Saturday May 17, 2025 @01:54AM (#44012319)
I see your point. I suppose my only response is that a significant amount of our debt is being rolled over annually. It’s currently being rolled over from extremely low interest rates to non-trivially high interest rates. We should expect the spike on the left side of the graph to keep increasing unless rates decline significantly, soon.
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