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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 Phys251 View Post
    I honestly wonder . . .
    Do you have other wonders that are dishonest?

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

    Quote Originally Posted by Conservative View Post
    What does that have to do with the statement by S&P regarding the downgrade? This country spends too much and you don't seem to have a problem with debt created by Obama
    What does the S&P downgrade have any to do with our ability to pay our debts?


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

    Quote Originally Posted by Conservative View Post
    Spending always causes debt for without it there wouldn't be any debt
    No, not true. If I spent a thousand and have a thounsad to pay for it, there is no debt. If I want to spend more than I presently have, I can work more to increase my revenue. While this country has relyied on debt almost since it became a country, that is not the only way to spend. We can pay for what services we want.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    Spending and not paying for it causes debt.
    how much of the 5.3T does the party in power propose be made good thru taxes?

    U.S. funding for future promises lags by trillions - USATODAY.com

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

    Quote Originally Posted by Boo Radley View Post
    . . .We all no the only thing we need to know. Obama is evil.
    He might be evil. He is definitely Marxist in his core beliefs. Given what Marxists have done to people, all in the name of the "Greater Good", over the years you could have a point.

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

    Quote Originally Posted by pbrauer View Post
    What does the S&P downgrade have any to do with our ability to pay our debts?
    It is a warning that we cannot continue to spend like "your" President has spent. Credit agencies were looking for over 4 trillion in spending cuts and basically got nothing other than a cut in the growth of spending. In order to cut spending we would have had to start by going back to the 2008 budget. Obama isn't serious about cutting anything and that is why he never put a proposal on paper. That way it is easier to shirk your responsibility and blame someone else.

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

    Quote Originally Posted by Conservative View Post
    Net public debt isn't total debt and excludes the trillions in unfunded liabiilities. Where is your SS "contribution" today?
    What, the Social Security that, for all intents and purposes, does not contribute one dime to the deficit? That Social Security?

    For your information you don't know the difference between debt and deficit. Obama inherited a 10.4 trillion dollar debt from Bush and a PROJECTED 1.3 trillion dollar deficit. Suggest you learn the difference and then realize that Bush couldn't have created a 1.3 trillion dollar deficit in less than 4 months of fiscal year 2009 since he left office in January. Apparently you are a liberal and haven't a clue what facts really are.
    Knock it off. You're just trolling now. Throwing around childish remarks such as these is not helping solidify your case except for those who blindly accept it. I am fully aware of the difference between the debt and the deficit: The latter is the rate at which the former grows. I am also aware of what a budget surplus is: The rate at which the debt shrinks. You know, kind of like the last one we had under A DEMOCRAT. Why is it that Republicans utterly refuse to accept the fact that Bush gave us a $1.3-trillion deficit? Did you even read my link? It is a FACT, but I realize that conservatives tend to be highly allergic to facts.

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

    Quote Originally Posted by Misterveritis View Post
    He might be evil. He is definitely Marxist in his core beliefs. Given what Marxists have done to people, all in the name of the "Greater Good", over the years you could have a point.
    Hardly, but we've already established that no one should take this type of thinking seriously.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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