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

  1. #1251
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by The Prof View Post
    LOL!

    the headlines say it all
    Now I understand. The reason you miss somuch of what is actual in the articles you link is because you only read the headlines. That explains a lot.

    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
    Do you remember the Articles of Confederation? Care to articulate why we didn't keep that form of governace?
    vote obama, 2012!

    remember THE ARTICLES!

    LOL!

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

    Quote Originally Posted by Conservative View Post
    That is a lie, it doesn't contribute to public debt but it is an obligation that contributes to intergovt. holding debt and thus is part of the total.
    Receiving a scolding from a conservative on alleged lying is like receiving a scolding from Michael Jackson on alleged child abuse. I'm very sorry, but the mere fact that you are a conservative severely impairs your credibility in this regard. Hey, you may be one of the very few conservatives that can honestly handle these kinds of conversations well. Strictly from a statistical point-of-view, however, it isn't likely.

    Childish remarks? learn the difference between debt and deficit instead of being caught not knowing the difference and becoming defensive. Just admit it and we can move on.
    Pot, meet kettle. Besides, I already answered this question.

    There was no surplus under Clinton as evidenced by the fact that debt increased every year under his Administration. I suggest you do better research instead of buying what you are told by someone else. That only makes you look foolish.




    Care to explain to me what that $236.2-BILLION dollar mark means? Or at least what the colors on the chart stand for?

    Bush and Congress gave us a 5 trillion dollar debt in 8 years whereas Obama and Congress has given us a 4 trillion dollar debt in less than 3 years. Let me give you a few non partisan links.

    Debt by year

    Government - Historical Debt Outstanding – Annual

    The Myth of the Clinton Surplus

    So tell me those facts again?
    You are twisting and distorting the numbers to suit your agenda. And again, it's crap like that why liberals and conservatives have very little chance of having a civil debate.

    The US government is mostly bound by its deficit that it passed the prior year. (Note: I am a bit shaky in terms of the exact lag time, but I know it is on the order of a year or so.) In other words, strictly from a budgetary point-of-view, how much we spend this year was mostly determined by what we budgeted back in 2010 (I think). Which, getting back to the OP, underscores one of the many follies of the debt ceiling crisis: Raising it merely gave the Treasury permission to fund that which Congress had already agreed to. It would be like an adult having to receive permission from her husband just to pay the bills that she was contractually obligated to pay.

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

    Quote Originally Posted by Phys251 View Post
    Now I am going to try this one last time.
    Wouldn't that be cool?
    Quote Originally Posted by Phys251 View Post
    If I cannot get a straight answer from you--not necessarily an answer I *like*, so much as one that ACTUALLY ANSWERS the question--then you will be the newest contestant on my Ignore List. And I'll go one step farther: I'll let you decide which question to answer. They are:

    (1) Do you believe that the likely harm to our water and skies that an EPA shutdown would cause is worth it?
    I have already answered your question with my own. I shall ask it in a new form especially for you. Do you believe there is any relationship between giving an extra-constitutional agency dictatorial powers and clean air and water? I do not believe any identifiable harm would come from closing down the EPA and repealing its regulations.

    Quote Originally Posted by Phys251 View Post
    OR

    (2) What is the difference between bond-based debt and loan-based debt?
    Who cares? It is not relevant to closing down the extra-constitutional departments and agencies.

    Ignore me if you wish.

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

    Quote Originally Posted by The Prof View Post
    vote obama, 2012!

    remember THE ARTICLES!

    LOL!
    I am voting for Obama, who are you voting for? LOL!


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

    Quote Originally Posted by Boo Radley View Post
    Now I understand. The reason you miss somuch of what is actual in the articles you link is because you only read the headlines. That explains a lot.
    Yes, that's it.


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

    Quote Originally Posted by sangha View Post
    I don't expect you to refute any facts. I merely point to the dishonesty of your ad homs
    I haven't attacked you, or even your source for that matter. I merely stated that your source has no credibility. And that's a factual statement. It doesn't. You have, in no way, proven that Obama created jobs. Presidents don't create jobs. That's more bs partisan politics which is mostly what this thread has devolved into. People are so predictable.
    “In politics, stupidity is not a handicap.” -Napoleon

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

    Quote Originally Posted by Boo Radley View Post
    There are no Marists here, and saying there is shows both ignorance and a wild partisan ship that defies reason.
    I cannot help that you do not recognize nor care that the one term president grew up with Marxists and Communists. I cannot help that you do not recognize that his hero figures were communists and Marxists. I cannot help that you do not recognize that a community organizer is likely to be a radical. But there it is.

    Quote Originally Posted by Boo Radley View Post
    Second, a politician from either party lying is neither new or inexpected. However, the stimulus did save jobs. In the past myself and others have linked teacher and service jobs that were saved by the stimulus.
    So you agree with my central point after all. Money was transferred from the productive people in the private sector to Obama supporters in public sector unions. That was pretty hard for you, wasn't it?

    Quote Originally Posted by Boo Radley View Post
    Also, were you awake during the Bush administration?
    About half of the time. How about you?

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

    Quote Originally Posted by Boo Radley View Post
    Now I understand. The reason you miss somuch of what is actual in the articles you link is because you only read the headlines
    now, who would be so stupid as to post a link to an article he or she didn't read

    there are very few 60 second clickers who might post, for example, a link to a source from NEW SOUTH WALES

    on behalf of SCHOOL TEACHERS

    in NEW YORK CITY

    LOL!

    http://www.debatepolitics.com/breaki...uesday-26.html

    yup, those unions are doing a great job of protecting those jobs

    that's why rahm called em in and FIRED EM on the spot

    just like malloy in connecticut, which is as blue as it gets

    that's why bing and bobb are ripping up collective bargaining in detroit

    but then...

    Quote Originally Posted by Boo Radley View Post
    Personally I prefer Detroit's choice to Milwaukee's
    deep thoughts

    LOL!

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