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Thread: S&P tells White House it will downgrade U.S. rating

  1. #41
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    Re: S&P tells White House it will downgrade U.S. rating

    Quote Originally Posted by 1Perry View Post
    With plenty of people like yourself around it's unlikely. The problem is less with partisan politicians than it is those who will excuse them. It's the fault of BOTH sides and until everyone is willing to accept that and that all must give up something, it will indeed get worse.
    I think the Democrats have accepted the idea that everybody needs to give up something, but the Republicans haven't. The Democrats have accepted that there need to be entitlement cuts, but they know that there also need to be military cuts and revenue increases. We just can't possibly win the fight with an arm tied behind our back as a nation. The rich need to pitch in just like the middle class and the poor. The military needs to tighten its belt just like domestic programs do.

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    Re: S&P tells White House it will downgrade U.S. rating

    Quote Originally Posted by teamosil View Post
    I think the Democrats have accepted the idea that everybody needs to give up something, but the Republicans haven't.
    Bull****. Pelosi argued over and over that entitlements will not be touched.


    Nancy Pelosi: No entitlement cuts


    Nancy Pelosi: No entitlement cuts - Seung Min Kim - POLITICO.com

    Liberal Democrats to Obama: No cuts to entitlements

    Liberal Democrats to Obama: No cuts to entitlements – CNN Political Ticker - CNN.com Blogs

    Olbermann Scolds Obama: Entitlement Cuts ‘A Betrayal of Who You Are’

    Granted, this one is easy to dismiss.

    Olbermann Scolds Obama: Entitlement Cuts ‘A Betrayal of Who You Are’ | Video | TheBlaze.com

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    Re: S&P tells White House it will downgrade U.S. rating

    Quote Originally Posted by Tucker Case View Post
    Quick question for people who know more about economics than me.

    If S & P's are really the same douches (along with their two buddies) who caused the financial collapse by giving AAA ratings to the subprime loan bundless, why the **** are they being taken seriously about anything?

    I mean that. It does not take a genius to know that sub-prime loans, regardless of their packaging, are extremely risky investments. They not only dropped the ball, but they deliberately tossed it to the ground and then raped it repeatedly.

    If I ****ed up at my job to that degree, I'd be fired. Without a doubt. Yet these three companies still exist. Something is astronomically ****ed up about that.
    Probably because S&P didn't have **** to do with causing the recession.

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    Re: S&P tells White House it will downgrade U.S. rating

    Quote Originally Posted by teamosil View Post
    I think the Democrats have accepted the idea that everybody needs to give up something, but the Republicans haven't. The Democrats have accepted that there need to be entitlement cuts, but they know that there also need to be military cuts and revenue increases. We just can't possibly win the fight with an arm tied behind our back as a nation. The rich need to pitch in just like the middle class and the poor. The military needs to tighten its belt just like domestic programs do.
    democrats and republicans did not agree to cut spending, all they agreed to was to slightly reduce the increase in spending, and called that a spending cut.

    doublespeak at its finest.

  5. #45
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    Re: S&P tells White House it will downgrade U.S. rating

    Quote Originally Posted by 1Perry View Post
    Bull****. Pelosi argued over and over that entitlements will not be touched.


    Nancy Pelosi: No entitlement cuts


    Nancy Pelosi: No entitlement cuts - Seung Min Kim - POLITICO.com

    Liberal Democrats to Obama: No cuts to entitlements

    Liberal Democrats to Obama: No cuts to entitlements – CNN Political Ticker - CNN.com Blogs

    Olbermann Scolds Obama: Entitlement Cuts ‘A Betrayal of Who You Are’

    Granted, this one is easy to dismiss.

    Olbermann Scolds Obama: Entitlement Cuts ‘A Betrayal of Who You Are’ | Video | TheBlaze.com
    Yeah, certainly some democrats didn't want entitlement cuts, but the party as a whole obviously agreed to them. The Democrats made a number of proposals that involved more total deficit reduction than we ended up with and which included about the same level of entitlement cuts as the Republicans were proposing.

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    Re: S&P tells White House it will downgrade U.S. rating

    Quote Originally Posted by apdst View Post
    Probably because S&P didn't have **** to do with causing the recession.
    Of course they did. They weren't the "cause" but they certainly played a role.

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    Re: S&P tells White House it will downgrade U.S. rating

    Quote Originally Posted by teamosil View Post
    Yeah, certainly some democrats didn't want entitlement cuts, but the party as a whole obviously agreed to them. The Democrats made a number of proposals that involved more total deficit reduction than we ended up with and which included about the same level of entitlement cuts as the Republicans were proposing.
    There have been no cuts. Let's see what happens when it comes to actually voting for them. The party as a whole didn't agree to cuts. Reid broached the subject but that's hardly the party agreeing to them.

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    Re: S&P tells White House it will downgrade U.S. rating

    Quote Originally Posted by 1Perry View Post
    There have been no cuts. Let's see what happens when it comes to actually voting for them. The party as a whole didn't agree to cuts.
    I'm not sure what you mean, but there have certainly been cuts. For example, I just got an email from my law school yesterday saying that as of next year there aren't any subsidized federal loans for graduate students because of the debt ceiling deal.

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    Re: S&P tells White House it will downgrade U.S. rating

    Quote Originally Posted by teamosil View Post
    I'm not sure what you mean, but there have certainly been cuts. For example, I just got an email from my law school yesterday saying that as of next year there aren't any subsidized federal loans for graduate students because of the debt ceiling deal.
    I know both discussed this and while it might have been a part of the end plan I haven't seen it but that's really not what the left was condemning in the articles above and it's a pittance overall.

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    Re: S&P tells White House it will downgrade U.S. rating

    Quote Originally Posted by 1Perry View Post
    I know both discussed this and while it might have been a part of the end plan I haven't seen it but that's really not what the left was condemning in the articles above and it's a pittance overall.
    The total is $2.4 trillion in deficit reduction over 10 years. That isn't as much as we need. Democrats had proposed $4 trillion over 10 years. But it definitely isn't a pittance either.

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