Page 10 of 207 FirstFirst ... 891011122060110 ... LastLast
Results 91 to 100 of 2065

Thread: United States loses its AAA Credit rating from S & P

  1. #91
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 02:43 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,552

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Aunt Spiker View Post
    Ah yes - the good old 'the broken system that ****ed itself will somehow fix itself' addage.

    That would work if it wasn't already too late for it to work.
    Ok, so the new system is working like a well oiled machine??

    The government didn't build the greatest economy in the world; the private sector did and only the private sector can fix it.

    Ask yourself this simple question: Where does the money come from?

  2. #92
    Cheese
    Aunt Spiker's Avatar
    Join Date
    Oct 2009
    Location
    Sasnakra
    Last Seen
    09-10-16 @ 06:10 AM
    Gender
    Lean
    Moderate
    Posts
    28,433

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by apdst View Post
    Ok, so the new system is working like a well oiled machine??

    The government didn't build the greatest economy in the world; the private sector did and only the private sector can fix it.

    Ask yourself this simple question: Where does the money come from?
    It's all broken - and all incapable of fixing itself.

    Too bad we can't scrap it all and start fresh.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  3. #93
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 01:28 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,363

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by apdst View Post
    Yeah, because after you take all the rich folks's money, you're going to have to go after someone else's money.
    bummer. That is why Obama and his elfs on this site talk about millionaires and billionaires. They pretend that a family of a teacher and a firefighter may income of $250K that these people like to transpose into Warren Buffett.

  4. #94
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 10:45 AM
    Gender
    Lean
    Conservative
    Posts
    30,324

    Re: United States loses its AAA Credit rating from S & P

    Amazing, S&P cut the rate because we spent too much and didn't offer anything substantial as to curbing that in the deficit agreement, and because of all that spending that got us here, the liberals think it is the GOP's fault that we stood in the way of even greater spending...This is real lunacy we are witnessing here.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  5. #95
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 02:43 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,552

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Aunt Spiker View Post
    It's all broken - and all incapable of fixing itself.

    Too bad we can't scrap it all and start fresh.
    It's only broken, because the government feels the need to come in save the day, everytime something is out of wack.

  6. #96
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Private Hudson View Post
    No, it's spending AND earning!

    You cannot just cut the spendings and hope that the economy will grow, you have to do both.
    In the next 10 years, the cumulative debt is scheduled to hit about 22 trillion, up from our 14.5 now. If you were to repeal the Bush Tax Cuts "for the rich" starting tomorrow, that debt in 10 years would be ... drumroll ... 21.3 trillion. Whoop-ty-****ing do.

    Wealth envy is a disease of the mind. It makes people stupid.

  7. #97
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Eighty Deuce View Post
    In the next 10 years, the cumulative debt is scheduled to hit about 22 trillion, up from our 14.5 now. If you were to repeal the Bush Tax Cuts "for the rich" starting tomorrow, that debt in 10 years would be ... drumroll ... 21.3 trillion. Whoop-ty-****ing do.

    Wealth envy is a disease of the mind. It makes people stupid.

    21.3 isn't better than 22?

  8. #98
    Banned
    Join Date
    Nov 2010
    Last Seen
    12-29-15 @ 10:42 PM
    Gender
    Lean
    Conservative
    Posts
    3,747

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Thunder View Post
    Please save us the partisan lies. S&P's said exactly why they did what they did and its not simply because we didn't cut enough spending. They are worried about the bickering in Congress that created this whole mess, care of the Tea-Party.
    So "the Tea Party" created the debt. Social Security. Medicare. Obamacare. The Housing Bubble. 3 years of unempoyment benefits. 45 million folks on food stamps.

    And the "Tea Party" stood in the way of fixing all those colossal messes.

    Don't make me ****ing laugh.
    Last edited by Eighty Deuce; 08-06-11 at 12:43 AM.

  9. #99
    User
    Join Date
    Mar 2010
    Last Seen
    08-06-11 @ 01:00 AM
    Gender
    Lean
    Conservative
    Posts
    20

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by digsbe View Post
    Don't be so foolish. This cannot be blamed on the Tea Party. Yeah! Let's squeeze a few trillion dollars from the top 1%.... The problem is spending, spending what we don't have. Raising taxes may help (or hurt) but the main problem is spending largely done by Bush and Obama.
    100% correct, but by the end of his first term Obama will have increased the national debt by $5,000,000,000,000 which is a stunning rate of deficit spending. I believe Bush's largest annual deficit was $280B while Obama's is $1.6T; it's like comparing apples and oranges.

    Obama is an utter disaster on every economic metric, as we knew he would be; what did liberals and the ignorant average America Idol voter expect? This clown never operated anything close to a for profit business; he's the least qualified man in virtually any room he enters, yet he's president of the United States.

  10. #100
    Pragmatic Idealist
    upsideguy's Avatar
    Join Date
    Nov 2009
    Location
    Rocky Mtn. High
    Last Seen
    Today @ 03:34 PM
    Gender
    Lean
    Progressive
    Posts
    10,136

    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by digsbe View Post
    Don't be so foolish. This cannot be blamed on the Tea Party. Yeah! Let's squeeze a few trillion dollars from the top 1%.... The problem is spending, spending what we don't have. Raising taxes may help (or hurt) but the main problem is spending largely done by Bush and Obama.
    No, the problem is that we are running big deficits. You fix the deficit by some combination of increasing revenues and decreasing expenses. The single largest contributor to the deficit is the economic slowdown (it took $400B out of government receipts). The problem with cutting expenditures is that is is counter-productive to near-term economic growth (it actually promotes recession by contracting the economy). The problem with Washington is that they refused to even consider tax increases, which was (is) the easiest and least recession promoting way to reduce deficit.

Page 10 of 207 FirstFirst ... 891011122060110 ... LastLast

Posting Permissions

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