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

  1. #1061
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by AdamT View Post
    No, I think they could pay a little. Just a little. Ending all of the Bush tax cuts would do the trick.
    "put it simply, the people of this state simply cannot afford to pay any more taxes, period"

    GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor Andrew M. Cuomo

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

    Quote Originally Posted by pbrauer View Post
    So what? I don't think they're a credible rating agency. They're responsible for $14 trillion mortgaged backed securities containing toxic assets and rating them AAA. Why do you think this so important, especially since the interest rates on U.S. Treasurys have gone down since S&P? Harping on this make you look foolish.
    I thought congress was chiefly responsible for the health of our finances...

    ... shouldn't it be, "first congress in US history to..." blah blah blah...?

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

    Quote Originally Posted by The Prof View Post
    everyone's entitled to an opinion
    That's true, but Bruce Bartlett worked with President Reagan. He adds credibility to the discussion!!!


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

    Quote Originally Posted by AdamT View Post
    over a trillion dollars that you're attributing to Obama actually belongs to Bush
    obama makes much stimulus spending PERMANENT

    Stimulus Proposals in the President's Budget | Committee for a Responsible Federal Budget

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

    Quote Originally Posted by The Prof View Post
    "put it simply, the people of this state simply cannot afford to pay any more taxes, period"

    GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor Andrew M. Cuomo
    Property Taxes:

    Next, we are going to have to confront the tax situation in our State. The property taxes in New York are killing New Yorkers. Thirteen of the sixteen highest tax counties are in New York when asset by home value. In absolute dollars, Westchester County the highest property taxes in the United States of America. Nassau County the second highest property taxes in the United State of America. It has to end, it has to end this year. We have to hold the line on taxes for now and reduce taxes in the future. New York has no future as the tax capital of the nation. Our young people will not stay. Our business will not come. This has to change.

    Put it simply the people of this state simply cannot afford to pay any more taxes, period. I would now like to introduce you to Ms. Geraldine Sullivan. Ms. Geraldine Sullivan is a resident of Monroe County. She is 81 years young. She has been retired after 28 years at Bausch and Laumb. Geraldine lives alone on social security and owns her own home. Her home value, property value has gone down and her taxes have gone up. Geraldine could no longer afford to make ends meet. What did Geraldine do, so at 81 years old she went back to work as a lunch monitor at the local high school just to be able to stay in her home and just to be able to stay in the State of New York. Geraldine we understand your problems, help is on the way we will pass a property tax cap Geraldine once and for all and we, and Geraldine we applaud your spirit and your strength and your tenacity; letís give Geraldine a big New York round of applause.


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

    Quote Originally Posted by pbrauer View Post
    Property Taxes:
    This is what governments do. All governments have two tendencies. The first is the accumulation of power. The second is the accumulation of mediocrity.
    Out of these two all other evils follow.

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

    Quote Originally Posted by AdamT View Post
    Naturally Obama did not come into office wanting to spend nearly a trillion dollars fighting an inherited recession
    Rahm Emanuel: You never want a serious crisis to go to waste - YouTube

    any more than he wanted to pay for winding down of a war he opposed
    Obama's war: Deploying 17,000 raises stakes in Afghanistan - USATODAY.com

    Nor did he want to extend the Bush tax cuts for the wealthy
    Bush tax cuts: Democrats punt until after midterm elections - CSMonitor.com

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

    Quote Originally Posted by AdamT View Post
    Reagan raised payroll taxes, he instituted the largest corporate tax hike in history, and he raised the gas tax. In all, he raised taxes 11 times. Even his initial tax cut wasn't really a tax cut for many people, who ended up paying more after all of the loopholes were removed.
    hmm, what's missing from this post?

    LOL!

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

    Quote Originally Posted by AdamT View Post
    Obama spent around $800 billion on the stimulus
    Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME

    Romer-Bernstein on Stimulus | Reuters.com

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

    Quote Originally Posted by AdamT View Post
    I don't think any sane person expected him to completely reverse the worst recession in three generations over night.
    Obama Pledges to Cut Deficit by Half in First Term - Bloomberg

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