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Thread: Debt Crisis is Worse than we Think

  1. #61
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    Re: Debt Crisis is Worse than we Think

    The USA is coming apart at the seams and liberals blaming conservatives, conservatives blaming liberals, and nothing constructive is accomplished. Y'all are getting exactly what you deserve and maybe, just maybe you'll learn some humility in the process.

    Me, I'm just going to sit back and enjoy the show.

    .

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Mr. Invisible View Post
    Definitely. Still, the difference between AAA and AA isn't that much (Bankersalmanac.com - Standard & Poor's Definitions)
    Estimates show the downgrade will cost us between 50 and 100 billion a year from higher interest rates in borrowing. I wouldn't call that not much. Think of how much that is per person per year all due to downgrade.

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by cpwill View Post
    well, yeah. the laws of economics do not change whenever growth in US GDP goes negative for two quarters.
    I just love how certain you are about the laws of economics even when reality contradicts those "laws"

    You sounded just as certain when you spoke about the massive spending cuts that never happened
    Last edited by sangha; 07-30-11 at 06:52 PM.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by digsbe View Post
    We need to cut spending. America has a bad addiction with spending what is not there and increasing the size of government to become a bloated unnecessary bureaucracy. We need to cut spending, we need to shrink government, we need to reform social programs and the tax code.
    Everytime someone says cut spending, they say cut entitlements...what about all the other stuff that costs us gadzillions and does not help americans like the entitlements do....but no the same people harp on entitlements..

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by TOJ View Post
    The USA is coming apart at the seams and liberals blaming conservatives, conservatives blaming liberals, and nothing constructive is accomplished. Y'all are getting exactly what you deserve and maybe, just maybe you'll learn some humility in the process.

    Me, I'm just going to sit back and enjoy the show.

    .
    What should have been done, instead?

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Grant View Post
    And condoms. Have free condoms been mentioned yet?
    Don't forget about the government funded abortions, cable TV, cell phones and internet.

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by apdst View Post
    Don't forget about the government funded abortions, cable TV, cell phones and internet.
    What about free culture?

    ‪Harry Reid Cowboy Poetry‬‏ - YouTube

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Grant View Post
    Don't forget the arts. And that fat ass tax exemption.

    Oh, and the unions. They don't pay taxes, either.

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by apdst View Post
    What should have been done, instead?
    Not my problem since I had nothing to do with creating it. The good citizens of the USA have been living beyond their means, both individually and collectively, for years and the chickens have come home to roost.

    .

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by TOJ View Post
    Not my problem since I had nothing to do with creating it. The good citizens of the USA have been living beyond their means, both individually and collectively, for years and the chickens have come home to roost.

    .
    They forgot what made them great. If they can remember who they are and what they once stood for, I believe they can turn it around again.

    But they are going to have to elect a president who will do what's necessary to get the budget in line with reality again, and a Congress and Senate that will support her..

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