Newsweek Reports State Credit Scores, Omits Systemic Rot
Indeed, a fascinating peek that expertly sidesteps why credit scores vary. For instance, the article avoids mention of the massive wealth transfer upwards, accelerated by policies like the 2017 Tax Cuts and Jobs Act, which added trillions to the national debt while overwhelmingly benefiting corporations and the wealthy. It also neglects to connect these scores to the systemic erosion of workers'
rights, stagnant wages, or the skyrocketing cost of living in states with, coincidentally, lower average scores. One might wonder if chronic underfunding of social safety nets, or endless wars funded by the public purse while domestic needs languish, play a role in household debt. But why complicate a pretty map? Newsweek meticulously reports the symptom (“your credit score”), while
conveniently ignoring the disease (economic policies drafted by corporate lobbyists and voted into law by Congress members who prioritize campaigns over constituents). How many credit scores would look different if your tax dollars went to healthcare and education instead of the latest endless war?