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Thread: Minnesota Loses AAA Rating on Budget Problems

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    Re: Minnesota Loses AAA Rating on Budget Problems

    Quote Originally Posted by American View Post
    If the govt hadn't gotten involved in spending for things it shouldn't (80 years ago), we wouldn't be in this mess. Entitlements were never part of what the Founders set up because they knew it doesn't work.
    so how would you reform entitlements?

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    Re: Minnesota Loses AAA Rating on Budget Problems

    Quote Originally Posted by American View Post
    Careful or you'll lose your Centrist rating by me. It's really tough to get on my centrist list, since you're the only one on it. You failed to support debt reduction measures when you said not raising the ceiling was irresponsible. That puts you squarely leaning left...not center. Don't believe me, keep an eye on who's "Liking" your posts.
    Does anyone care what you think of them?

    lol. American made a funny.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Minnesota Loses AAA Rating on Budget Problems

    Quote Originally Posted by American View Post
    You failed to support debt reduction measures when you said not raising the ceiling was irresponsible.
    My view remains that it would be ideal to couple the debt ceiling hike with credible fiscal consolidation. Unfortunately, my guess is that Washington will largely punt on the fiscal consolidation issue with savings in the $1 trillion - $2 trillion range (mostly from discretionary spending reductions) that will be backloaded. Without meaningful mandatory spending program reforms, the nation will essentially remain on an unsustainable fiscal trajectory.

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    Re: Minnesota Loses AAA Rating on Budget Problems

    Quote Originally Posted by donsutherland1 View Post
    My view remains that it would be ideal to couple the debt ceiling hike with credible fiscal consolidation. Unfortunately, my guess is that Washington will largely punt on the fiscal consolidation issue with savings in the $1 trillion - $2 trillion range (mostly from discretionary spending reductions) that will be backloaded. Without meaningful mandatory spending program reforms, the nation will essentially remain on an unsustainable fiscal trajectory.
    I think you should change guess to guarantee. The GOP has directly come out against any real revenue increases and Pelosi just came out with no cuts to entitlements. We're just leapfrogging from one quick fix to the next, never addressing the real problems. It's inevitable with this kind of political leadership ranging from President to leaders of the Dems and GOP that we will never solve until we are one step from default, in which the cost to fix it will be exorbitantly high in the realm of Ryan cuts and Sanders tax hikes. The biggest problem with this country is its political two party system.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Minnesota Loses AAA Rating on Budget Problems

    Mark my words, if we fail to raise the debt ceiling and the United States loses its AAA rating, the die hard right wingers will never acknowledge that the reason we did was the failure to raise the debt ceiling. They will be all be silent on the issue until Limbaugh tells them how its all because of some bill passed 30 years ago under Carter or some other nonsense.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Minnesota Loses AAA Rating on Budget Problems

    Quote Originally Posted by obvious Child View Post
    Really? So NASA hasn't produced anything of wealth? So the entire nuclear industry isn't some form of wealth? So every major drug the NIH produced isn't a form of wealth? So everything that gets commercialized out of public universities isn't wealth?

    Hint: It's time for you to vacate the thread.
    No, NASA is a net loss. They did not, do not, and will not ever produce wealth. They will use taxpayer dollars to make things, but those "things" are always worth less than what they cost to create.

    How many billions were spent on the space shuttle program, and when Atlantis hits the ground, that program will be over forever? By far NASA's biggest accomplishment was the shuttle and now they don't even have that. No, they produce nothing of wealth. But....they weren't designed to.

    The post office is a better comparison as they take in income yet are so inefficient that they must keep raising the price of stamps well past the inflation rate. I know someone that works at the post office and has for 21 years. He said it's amazing a single letter gets to where it needs to go.

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    Re: Minnesota Loses AAA Rating on Budget Problems

    Quote Originally Posted by dontworrybehappy View Post
    No, NASA is a net loss. They did not, do not, and will not ever produce wealth. They will use taxpayer dollars to make things, but those "things" are always worth less than what they cost to create.
    I think you haven't accounted for the massive number of material advances, construction methods, and energy sources that NASA basically invented during the years for the space program that are being now utilized in the commercial sector.

    How many billions were spent on the space shuttle program, and when Atlantis hits the ground, that program will be over forever? By far NASA's biggest accomplishment was the shuttle and now they don't even have that. No, they produce nothing of wealth. But....they weren't designed to.
    NASA does far more then then shuttle.

    NASA - I Use NASA Stuff Everyday
    Curiosity "10 NASA Inventions You Might Use Every Day"
    Space Age inventions you probably use - CNN
    NASA Spinoffs - Inventions Benefiting Our Daily Lives - Apollo Spinoff Inventions

    NASA, IMO was a cheap skunkworks.

    The post office is a better comparison as they take in income yet are so inefficient that they must keep raising the price of stamps well past the inflation rate. I know someone that works at the post office and has for 21 years. He said it's amazing a single letter gets to where it needs to go.
    Not at all. Your argument is one from a position that has not read the post office's financial.

    http://www.google.com/url?sa=t&sourc...GtVSGA&cad=rja

    Strip out their pension costs for the past 5 years. USPS has been making money in actual operations consistently. What's killing the post office is legacy costs. Otherwise, they are relatively efficient.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Minnesota Loses AAA Rating on Budget Problems

    Quote Originally Posted by American View Post
    Then liberals better get with the program, and start cutting spending.
    Even if it means invoking a recession?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Minnesota Loses AAA Rating on Budget Problems

    Quote Originally Posted by Goldenboy219 View Post
    Even if it means invoking a recession?
    Yes. They are fine with that. I have read it in books. /nod

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    Re: Minnesota Loses AAA Rating on Budget Problems


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