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

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

    Quote Originally Posted by Occam's Razor View Post
    I see you are stuck in the who failed less mode.

    All those gains, as we have seen, were bubble related. The result of giving easy money to folks who are told to go out and buy buy buy to support a consumer economy, itself a sham prop.

    The issue is not who failed less, but the UNBROKEN CHAIN OF EVENTS THAT LED HERE.

    Reagan and Bush sr doubled the debt as a percentage of GDP, Clinton reduced it, Bush Jr doubled it...

    Obama may yet double it, but that does not excuse anything that came before. Failure... everywhere, by all elected, for generations.

    Obama's addition to the debt is more than any other President in U.S. history in 3 years in office. The debt today wasn never close to 100% of GDP. Not sure where you get your information but the facts simply don't support your position. Reagan took office with a 900 billion dollar debt and left it at 2.6 trillion. Here is the GDP during that term so tell me as a percent of GdP the total debt was as high as Obama created. Research doesn't seem to be a strong suit of many here.

    BEA.gov

    1981 3,126.80
    1982 3253.20
    1983 3534.60
    1984 3930.90
    1985 4217.50
    1986 4460.10
    1987 4736.40
    1988 5100.40
    Last edited by Conservative; 08-14-11 at 02:33 PM. Reason: spelling

  2. #1162
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Goldenboy219 View Post
    Instead of addressing my post, you go off on a wild tangent that is both off topic and ad hominem. Why the moderation team allows you to continue such behavior is beyond me.
    I addressed you point of debt swap, you didn't like the answer. Tough

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

    Quote Originally Posted by Conservative View Post
    Why does your credit score mean anything to you? Same issue on a larger scale. This isn't going to be the first and only downgrade if Obama remains in office spending trillions. Why do you support someone who generated the results I have posted over and over again 2 1/2 years after taking office? Didn't Obama inherit a AAA rating from Bush?
    My credit score would determine that I'm a bad risk in paying my debts. Do you actually believe the U.S. is at risk paying it's debts? What about S&P's past where they rated toxic securities as AAA simply because they were be paid to do so by the blunders??????????????


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

    Quote Originally Posted by pbrauer View Post
    My credit score would determine that I'm a bad risk in paying my debts. Do you actually believe the U.S. is at risk paying it's debts? What about S&P's past where they rated toxic securities as AAA simply because they were be paid to do so by the blunders??????????????
    What would your credit score be if you maxed out your credit cards like the U.S. has done and you cannot print money? The U.S. will never default on its debt because it will print money but that will lead to inflation which hurts the poor and middle class more. Interesting how debt doesn't matter to you when Obama creates it.

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

    WALL STREET AND
    THE FINANCIAL CRISIS:
    Anatomy of a Financial Collapse

    http://hsgac.senate.gov/public/_file...isisReport.pdf


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

    Quote Originally Posted by pbrauer View Post
    WALL STREET AND
    THE FINANCIAL CRISIS:
    Anatomy of a Financial Collapse

    http://hsgac.senate.gov/public/_file...isisReport.pdf
    Oh, Good Lord, massive spending increases had absolutely nothing to with the downgrade in our credit rating? Debt apparently doesn't matter when being created by a liberal?

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

    Quote Originally Posted by Conservative View Post
    What would your credit score be if you maxed out your credit cards like the U.S. has done and you cannot print money? The U.S. will never default on its debt because it will print money but that will lead to inflation which hurts the poor and middle class more. Interesting how debt doesn't matter to you when Obama creates it.
    You ignore the fact that S&P is a corrupt organisation.


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

    Quote Originally Posted by The Prof View Post
    june 16: White House's Daley reaches out to manufacturers - The Washington Post

    why are you blocking construction of my facility to protect a fish, asked one potential donor

    chief of staff daley "threw up his hands in frustration," said he "did not have many good answers," called out "bureaucratic stuff that's hard to defend"

    "sometimes you can't defend the indefensible," he continued

    "the number of rules and regulations that come out of agencies is overwhelming"

    but hey, at least he says the white house is "trying to bring some rationality to it"

    LOL!
    Nice dodge of my question. Would you care to actually answer it?

    Quote Originally Posted by Misterveritis View Post
    I understand. That pesky constitution and the very idea of a limited government is bothersome. Give me a break, man. I mean, really--do liberals even THINK about this stuff before saying it?
    Can you please try to debate as an adult, or are you going to just spew off childish strawmen arguments such as these?

    May I ask what your reservation is to clean air and water and to solid education?

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

    Quote Originally Posted by Conservative View Post
    Oh, Good Lord, massive spending increases had absolutely nothing to with the downgrade in our credit rating? Debt apparently doesn't matter when being created by a liberal?
    What does you comment have anything to do with the U.S. Senate report?????????????


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

    Quote Originally Posted by pbrauer View Post
    You ignore the fact that S&P is a corrupt organisation.
    Why? Because they did their job? Are all credit ratings groups corrupt? Why aren't you concerned about the corruption in today's Democrat Party that supported the sub prime mess? Do you ever accept responsibility for failure?

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