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

  1. #101
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by upsideguy View Post
    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.
    The best way--most politically profitable way--to increase revenue, is to let people get back to work and stop killing businesses with all the bull**** regulations.

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

    Quote Originally Posted by winston53660 View Post
    21.3 isn't better than 22?
    Not included is that when you raise taxes on a group, you usually get changes in financial behavior by that group. Why aren't you suggesting raising taxes again on the Middle Class ? Suspending the Bush Tax Cuts on the middle class. That'll get you $3 trillion In 10 years !! Then we're down to 18.3 trillion !! Whoooo Hoooo, eh ?

    We have to many people on the gubmit teat. Its a spending problem libs.

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

    Quote Originally Posted by Thunder View Post
    [I]We lowered our long-term rating on the U.S. because we believe that the
    prolonged controversy over raising the statutory debt ceiling and the related
    fiscal policy debate indicate that further near-term progress containing the
    growth in public spending, especially on entitlements
    , or on reaching an
    agreement on raising revenues is less likely than we previously assumed and
    will remain a contentious and fitful process. We also believe that the fiscal
    consolidation plan that Congress and the Administration agreed to this week
    falls short of the amount that we believe is necessary to stabilize the
    general government debt burden by the middle of the decade.
    Lets not forget this part...which I think they put first because its the bigger issue.............Obama is gonna own this you can bet on that...and we will all have to pay for this thanks to Obama...
    The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them. Patrick Henry

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

    Despite only 20% of American's identifying themselves as liberal, the radical left has seized control of the democrat party. So a major problem in American politics is that one of our two political parties has been hijacked by liberals and kook socialists (i.e., the 1960's hippies are now running the democrat party).

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

    Quote Originally Posted by Eighty Deuce View Post
    Not included is that when you raise taxes on a group, you usually get changes in financial behavior by that group. Why aren't you suggesting raising taxes again on the Middle Class ? Suspending the Bush Tax Cuts on the middle class. That'll get you $3 trillion In 10 years !! Then we're down to 18.3 trillion !! Whoooo Hoooo, eh ?

    We have to many people on the gubmit teat. Its a spending problem libs.
    I bet Obama wouldn't have been so quick to inact the drilling moratorium--killing billions in new revenue--if he was legally forced to cut spending with the decreased revenue and had to cut off a few of the trough-heads.

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

    Quote Originally Posted by Bigkat80 View Post
    Lets not forget this part...which I think they put first because its the bigger issue.............Obama is gonna own this you can bet on that...and we will all have to pay for this thanks to Obama...
    Oh, lawd! Not an LSU fan.

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

    Lol at the small, insignificant liberal cult this message board continuess to evolve into. Really, you are honestly trying to blame this on tea partiers and Republicans who are trying to cut the cancer out of this problem, which is gluttonous spending alone?

    This president could not possibly have effed this country up more in two years than he has. EVERYTHING has gotten worse.

    It truly is pathetic. The S&P agrees obviously.

    You people are dangerous.

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

    Quote Originally Posted by upsideguy View Post
    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.
    I agree, the 47% of the work force that pays no federal income taxes need to pay their fair share. Moreover, the earned income tax credit needs to be eliminated.

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

    We need a Congress, backed by an American public, with a conviction to make the cuts. The Current Congress, while better than the last, is still short of those required numbers. 2012 holds promise that we can make the needed changes. Sorry libs, but that means more Tea Party backed folks, which seems a lock at this point.

    And Obama thrown out on his ass. The country will not be mended so long as he is in the WH.

    If its any consolation, McCain would not have fixed this mess, although he would have delayed it a bit.

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

    Quote Originally Posted by Erod View Post
    Lol at the small, insignificant liberal cult this message board continuess to evolve into. Really, you are honestly trying to blame this on tea partiers and Republicans who are trying to cut the cancer out of this problem, which is gluttonous spending alone?

    This president could not possibly have effed this country up more in two years than he has. EVERYTHING has gotten worse.

    It truly is pathetic. The S&P agrees obviously.

    You people are dangerous.
    LOL! I'm fairly new here, but I've noticed this and that the liberal cult does most of their posting during the day....you know, while normal Americans are working.

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