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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 pbrauer View Post
    Nobody reads this crap, you keep posting it over, and over, and over. Get some new ****ing material, will ya?
    Maybe if you did read what he posted you would have more credibility and wouldn't be posting the distortions that you do

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

    Quote Originally Posted by Boo Radley View Post
    You wouldn't like the results. It would likely lead to not only to cuts YOU don't want (military), but also to tax increases. In the past, I've link this from conservartive sites that oppose such a measure.
    Try me out. I believe it will lead to a small, more controllable federal government.

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

    Quote Originally Posted by The Prof View Post
    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
    See you're still thinking in terms of party, like a partisan, not about the problem. Moving on....

    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 Misterveritis View Post
    Try me out. I believe it will lead to a small, more controllable federal government.
    I realize this is your belief, can't argue that it isn't. However, many have raised concerns you don't seem to acknowledge. This is why conservatives also reject such a idea. Do you remember the Articles of Confederation? Care to articulate why we didn't keep that form of governace?

    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 Phys251 View Post
    Again, what (sic) your reservation is to clean air and water and to solid education?
    why don't you ask mr daley

    LOL!

  7. #1217
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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?
    Quote Originally Posted by CNN Money
    Rating agencies -- S&P, Moody's and Fitch -- analyze risk and give debt a "grade" that reflects the borrower's ability to pay the underlying loans. The safest bets are stamped AAA. That's where U.S. debt has stood for years.

    Moody's first assigned the United States a AAA rating in 1917. The country's new S&P rating is AA+ -- still strong, but not the highest.

    The downgrade puts the U.S. debt rating on par with that of Belgium, but below countries like the United Kingdom and Australia.

    Why did this happen now? S&P gave two primary reasons for downgrading U.S. debt: The nation's fiscal path and its broken political system.

    The agency has been harping on those two issues for months. S&P argues that the U.S. debt-to-GDP trajectory is unsustainable, and that the politics involved are so caustic that lawmakers are unable to make the tough choices needed to correct the problem.

    During the debt ceiling debate, lawmakers blew their big chance to make a difference.

    To avoid a downgrade, S&P said the United States needed to not only raise the debt ceiling, but also develop a "credible" plan to tackle the nation's long-term debt.

    The agency has indicated it preferred a deal that would have reduced deficits by $4 trillion over ten years. Instead, lawmakers settled for a measure that will cut only $2.5 trillion.
    S&P rating downgrade: What you need to know - Aug. 6, 2011


    Since I know you avoid reading, the short answer is, the S&P downgrade identifies the U.S. is now at a higher risk to default on our debt. THAT is what it has to do with it.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    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
    For protecting jobs? How evil.
    It is a money laundering scheme. The taxpayers are compelled to pay. The union members get the money. They give their union dues to the union thugs, er, bosses, who, in tern provide the money back to the democratic party bosses for their re-election bids. The democrat politicians make agreements with the union thugs to provide every greater pay and benefits to public sector union members....

    What could possibly go wrong? The only people left our are the ones who actually pay the bills, the taxpayers.

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

    Quote Originally Posted by Ockham View Post
    S&P rating downgrade: What you need to know - Aug. 6, 2011


    Since I know you avoid reading, the short answer is, the S&P downgrade identifies the U.S. is now at a higher risk to default on our debt. THAT is what it has to do with it.
    Don't read too much into that. We are no more or no less likely than we were before the down grade.

    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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