Re:Moody’s strips U.S. of triple-A credit rating
by madars on Friday May 16, 2025 @10:21PM
(#44011560)
All those promises are "parchment guarantees", to use Madison's term. For example, social security distributions were promised to be tax exempt, and they were from the institution of the program in 1935 up until 1983 - talk about reliance interest!
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