Page 6 of 6 FirstFirst ... 456
Results 51 to 54 of 54

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

  1. #51
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

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

    Quote Originally Posted by teamosil View Post
    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.
    It's a pittance. It's not going to get us in solid financial shape. (For the record, Boehner had agreed to the 4 trillion also)

  2. #52
    Matthew 16:3

    Join Date
    Jul 2008
    Location
    Everywhere and nowhere
    Last Seen
    06-24-17 @ 05:05 PM
    Gender
    Lean
    Progressive
    Posts
    45,603

    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.
    So they didn't give AAA ratings to sub-prime mortgage backed securities? Seriously, I asked the question to people who know something about economics. In other words, not you.

    http://www.bloomberg.com/apps/news?p...d=ah839IWTLP9s
    Last edited by Tucker Case; 08-06-11 at 07:38 PM.

  3. #53
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

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

    Quote Originally Posted by Simon W. Moon View Post
    What you think the US did or didn't do isn't as important as what our creditors think we did or didn't do. There seems to be a consensus among them that we talked about getting into a situation where our monthly receipts would not cover our monthly expenses and thus we wouldn't be able to pay certain expenses. We use a fair amount of borrowing to meet regularly occurring expenses.

    You can call it w/e you happen to prefer to call it. The gist is we talked about not paying people we owed money to.
    Yes "we" (I argued over and over there was no chance) did and it was incredibly irresponsible of those who did it when they knew we weren't going to default.

  4. #54
    cookies crumble
    ARealConservative's Avatar
    Join Date
    Oct 2006
    Last Seen
    04-21-17 @ 09:41 PM
    Gender
    Lean
    Libertarian
    Posts
    14,518

    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.
    someone lied to you. no budget for 2012 was agreed upon. nothing in 2012 was actually cut because the debt ceiling deal does not deallocate/reallocate one red cent of promised money.

Page 6 of 6 FirstFirst ... 456

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •