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

  1. #1031
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by winston53660 View Post
    But Rogers is still wrong. From 1981 to 1982, non-defense discretionary spending declined by $9.93 billion. Adjusted for inflation, that’s about $22.7 billion in today’s dollars. The current budget cut is not "five times larger" than that, as Rogers claimed.

    Biggest Budget Cut in U.S. History? | FactCheck.org


    d r o d r o
    97th 1981-1983 46 53 1 242 192 1

    Political Division of US Congress, Party Makeup of Congress since 1959 - Republicans and Democrats- The Mill Magazine
    So Reagan cut spending? Thanks for that information

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

    Quote Originally Posted by Conservative View Post
    So Reagan cut spending? Thanks for that information

    So now you want to switch from talking about Congress to the President?

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

    Quote Originally Posted by Conservative View Post
    So Reagan cut spending? Thanks for that information
    No, Reagan spent like a drunken sailor. His military spending more than made up for any cuts to non-defense discretionary spending.

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

    Quote Originally Posted by AdamT View Post
    No, Reagan spent like a drunken sailor. His military spending more than made up for any cuts to non-defense discretionary spending.
    Is that the appropriate yardstick? Then FDR spent like a heroin junkie with his military spending.

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

    Quote Originally Posted by AdamT View Post
    No, Reagan spent like a drunken sailor. His military spending more than made up for any cuts to non-defense discretionary spending.
    Really? Since Reagan added 1.7 trillion to the debt and Obama has added 4 trillion better reconsider who is the drunken sailor. I doubt you were old enough during the Reagan years to have a clue

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

    Quote Originally Posted by RiverDad View Post
    Is that the appropriate yardstick? Then FDR spent like a heroin junkie with his military spending.
    Yep, and Bush spent like a crack whore who paid for her rock on credit.

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

    Quote Originally Posted by AdamT View Post
    Yep, and Bush spent like a crack whore who paid for her rock on credit.
    And Obama is spending like he's a showgirl with a sugar daddies credit card. And round and round we go.

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

    Quote Originally Posted by Conservative View Post
    Really? Since Reagan added 1.7 trillion to the debt and Obama has added 4 trillion better reconsider who is the drunken sailor. I doubt you were old enough during the Reagan years to have a clue
    Several problems: one, over a trillion dollars that you're attributing to Obama actually belongs to Bush. Two, you aren't using constant dollars. In today's dollars, Reagan added about $3.5 trillion -- not 1.7 trillion. Three, you also have to look at relative GDP. Four, Reagan raised taxes multiple times in order to bring the deficit down.

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

    Quote Originally Posted by Conservative View Post
    Look, you want to pay more in taxes, put your money where your mouth is and send in more money. Instead you would rather spread your misery equally to everyone else.
    Why do you dodge Bruce Bartlett blog post, he was Reagan's domestic policy adviser?


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

    Quote Originally Posted by AdamT View Post
    Several problems: one, over a trillion dollars that you're attributing to Obama actually belongs to Bush. Two, you aren't using constant dollars. In today's dollars, Reagan added about $3.5 trillion -- not 1.7 trillion. Three, you also have to look at relative GDP. Four, Reagan raised taxes multiple times in order to bring the deficit down.
    That is your opinion but it really doesn't matter, the deficit is on Obama's watch and Bush had nothing to do with the 3 trillion in deficits from 2010-2011. Love how liberals use today's dollars to evaluate what happened in the 80's. Take that to the electorate in 2012 along with trying to compare Obama to Reagan. One of these days you are going to realize how little you know. Hope I am around to see it. Your support for Obama tells me a lot about you.

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