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

  1. #1241
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by winston53660 View Post
    Ya mean like poor people having refrigerators?


    oh wait they do now!
    Interesting that I never expected for you to buy me a refrigerator and wonder why you would expect me to do the same for you. Guess it makes sense to a liberal to send money do Washington, have them deduct administrative costs, and then determine what is the best use of that money. Hopefully some of it gets back to you and your community. Guess that is liberal logic instead of the people of your community helping each other out without administrative expenses.

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

    Quote Originally Posted by The Prof View Post
    the 5.3T per year ISN'T the problem?

    LOL!

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

    exactly how much of the 5.3T does the party in power propose to make good thru taxes?
    To answer your question, it is a problem and not the problem. There is more to it than just the debt number.

    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 pbrauer View Post
    On Tuesday, Moody's said the United States will keep its sterling AAA credit rating, but lowered its outlook on U.S. debt to "negative."
    Even after a downgrade, the United States will likely still be able to pay its bills for years to come and remains a good credit risk.

    A downgrade really just amounts to one agency's opinion. Federal Reserve Chairman Ben Bernanke articulated that view in April when S&P placed the United States on credit watch. "S&P's action didn't really tell us anything," Bernanke said. "Everybody who reads the newspaper knows that the United States has a very serious long-term fiscal problem."

    S&P downgrades U.S. credit rating - Aug. 5, 2011
    lowered its outlook on U.S. debt to "negative."

    That is a warning

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

    Quote Originally Posted by Boo Radley View Post
    Key word, opinion. They lack faith in us to work together, for good reason, but we haven't been working together for a sometime now. So, taking them too seriously, especially since they could be bought if we wanted to, seems rather foolish to me.
    Well that's one way to look at it. Another way to look at it is we've been working together too closely and too much. The distinction between Washington's main two party system is now blurred. Both cut deals that benefits each other but go on camera and complain about the other... I used this in a different thread today, it's akin to Washington = WWE Pro Wrestling.
    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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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Misterveritis View Post
    Are you really denying this? Awesome.
    I neither accept nor deny. I don't have to yet as you have done nothing more than amke an accusation. Can you do more?

    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 Conservative View Post
    Prove to me that you keeping more of what you earn is an expense to the govt?
    It is the Marxist-core-belief in them. All wealth properly belongs to the government, to be used for government, not private purposes. So when someone does not have the maximum amount take from them by force (From each according to his abilities...) so that the politician can give their resources to someone they consider deserving (...to each according to his needs...) it is clearly an expense to the government.

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

    Quote Originally Posted by Ockham View Post
    Well that's one way to look at it. Another way to look at it is we've been working together too closely and too much. The distinction between Washington's main two party system is now blurred. Both cut deals that benefits each other but go on camera and complain about the other... I used this in a different thread today, it's akin to Washington = WWE Pro Wrestling.
    Oh I agree the distinction is blurred, leaving us no real choice, but as with pro wrestling, they have to fool the faithful. So when they have to sign pledges, and tie hands, they can't break character, and thus leave us stuck, and too hamstrung to actually govern.

    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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  9. #1249
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Misterveritis View Post
    The federal government, or at least the one term Marxist president Obama, lied to you. The stimulus was not about shovel ready jobs. It was about transferring nearly a trillion dollars from productive people to his voter base, the public sector unions. It worked. The size of state governments did not shrink. Obama kept his voter base and defunded his enemies, the productive people. Aren't politics grand?
    Although you are wrong, What does this have to do with the subject of this thread?.
    Last edited by pbrauer; 08-14-11 at 03:45 PM.


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

    Quote Originally Posted by Conservative View Post
    Interesting that I never expected for you to buy me a refrigerator and wonder why you would expect me to do the same for you. Guess it makes sense to a liberal to send money do Washington, have them deduct administrative costs, and then determine what is the best use of that money. Hopefully some of it gets back to you and your community. Guess that is liberal logic instead of the people of your community helping each other out without administrative expenses.

    You were just complaining about compassionate results, and now this?

    Amazing how fast you change tune

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