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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 zimpenfish on Saturday May 17, 2025 @04:13AM (#44012841)
> it sounds good, but in practice is wildly bad at what it’s trying to do, and can be borderline evil.

The UK's DWP is a good example (and I'd suggest they crossed the border a long time ago into evil.)

* https://www.bbc.co.uk/news/uk-england-merseyside-68727007

* https://www.bbc.co.uk/news/articles/c20nrv02vz1o

* https://www.bbc.co.uk/news/uk-england-leicestershire-6770464...

* https://www.bbc.co.uk/news/uk-england-nottinghamshire-525003...

* https://www.bbc.co.uk/news/business-51756783

That's just a simple BBC search - going through Private Eye, for example, would bring up a lot more.

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Re:Moody’s strips U.S. of triple-A credit rating by spwa4 on Sunday May 18, 2025 @08:55AM (#44021062)
Yeah the UK seems to be sprinting towards becoming a third world country with massive inequality just to protect the government's own spending power and of course completely accidentally, the wealth of the rich.

There's "Gary's economics" discussing it, even though the usual economic comment somehow seems to escape him.

(that would be "what about creative destruction" btw)

[ Parent | on HN ]