Here's the thing about US debt downgrades—they're almost always theater, not substance. Look at the pattern: every serious downgrade we've seen came from Congress deadlock over debt ceiling politics, not from any real concerns about whether America can actually pay its bills. The market hasn't actually panicked over US default capacity. Ever. What we get instead are rating agencies making theatrical moves during political standoffs, but the underlying economics? Totally fine. The distinction matters—especially when you're thinking about macro headwinds and what actually moves markets. It's political noise masquerading as economic crisis.