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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 Conservative View Post
    I am asking you to explain how you keeping more of your money is an expense to the govt?
    That's irrelevant. Here is what S&P wrote in their report:


    Compared with previous projections, our revised base case scenario now
    assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012,
    remain in place. We have changed our assumption on this because the majority
    of Republicans in Congress continue to resist any measure that would raise
    revenues, a position we believe Congress reinforced by passing the act.

    S&P | United States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks, Rising Debt Burden; Outlook Negative | Americas


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

    Quote Originally Posted by Boo Radley View Post
    the stimulus did save jobs
    Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME

    Obama: "No Such Thing as Shovel-Ready Projects" - Political Hotsheet - CBS News

    Romer-Bernstein on Stimulus | Reuters.com

    In the past myself and others have linked teacher and service jobs that were saved by the stimulus
    well, it's good to know yourself and others could find some

    LOL!

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

    Quote Originally Posted by Misterveritis View Post
    One cannot solve a problem when one cannot see the problem.
    From your statement should I assume you agree with my assessment that we are become Greece?
    I am not sure that true, but the banksters are greedy sobs. They took the economy down in '29 and may very well do it again.


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

    Quote Originally Posted by pbrauer View Post
    That's irrelevant. Here is what S&P wrote in their report:


    Compared with previous projections, our revised base case scenario now
    assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012,
    remain in place. We have changed our assumption on this because the majority
    of Republicans in Congress continue to resist any measure that would raise
    revenues, a position we believe Congress reinforced by passing the act.

    S&P | United States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks, Rising Debt Burden; Outlook Negative | Americas
    Raising revenue doesn't mean eliminating the Bush tax cuts as they were never mentioned. As I pointed out 65 plus million income earners aren't paying any Federal Income taxes and 25 million unemployed and under employed Americans are paying very little as well. Raising taxes on the rich doesn't make a dent in the deficits and that is what the GOP was against and rightly so

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

    Quote Originally Posted by Boo Radley View Post
    too hamstrung to actually govern
    i know

    President's budget sinks, 97-0 - TheHill.com

    it all starts at the top

    y'know, all the disfunction

    in dc

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

    Quote Originally Posted by pbrauer View Post
    I am not sure that true, but the banksters are greedy sobs. They took the economy down in '29 and may very well do it again.
    So are liberals who will do anything to keep their power and keep people dependent. Liberals are the only people that care what someone else makes or pays in taxes. Too bad you cannot see that

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

    Quote Originally Posted by pbrauer View Post
    That's irrelevant. Here is what S&P wrote in their report:

    Compared with previous projections, our revised base case scenario now
    assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012,
    remain in place. We have changed our assumption on this because the majority
    of Republicans in Congress continue to resist any measure that would raise
    revenues, a position we believe Congress reinforced by passing the act.
    And that is it? That is all the report said?

    How about this often missed paragraph?

    We lowered our long-term rating on the U.S. because we believe that the
    prolonged controversy over raising the statutory debt ceiling and the related
    fiscal policy debate indicate that further near-term progress containing the
    growth in public spending, especially on entitlements,
    or on reaching an
    agreement on raising revenues is less likely than we previously assumed and
    will remain a contentious and fitful process. We also believe that the fiscal
    consolidation plan that Congress and the Administration agreed to this week
    falls short of the amount that we believe is necessary to stabilize the
    general government debt burden by the middle of the decade.

    Pardon me, but your liberal bias is showing. You might want to tuck it back in or zip it up.

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

    Quote Originally Posted by pbrauer View Post
    I am not sure that true, but the banksters are greedy sobs. They took the economy down in '29 and may very well do it again.
    If you have any interest in the truth perhaps you should investigate the role that the federal government had in creating the environment that led to people getting loans they could never repay and the magnifying effect that FANNY and FREDDIE had.

    But only go there if you can handle a little bit of truth.

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

    Quote Originally Posted by Phys251 View Post
    the mere fact that you are a conservative severely impairs your credibility in this regard
    LOL!

    statistically speaking, of course

    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.
    yup, with money that doesn't exist

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

    Quote Originally Posted by pbrauer View Post
    That's irrelevant. Here is what S&P wrote in their report:


    Compared with previous projections, our revised base case scenario now
    assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012,
    remain in place. We have changed our assumption on this because the majority
    of Republicans in Congress continue to resist any measure that would raise
    revenues, a position we believe Congress reinforced by passing the act.

    S&P | United States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks, Rising Debt Burden; Outlook Negative | Americas
    Huh... I guess you didn't like this part because it included Democrats in it.

    Republicans and
    Democrats
    have only been able to agree to relatively modest savings on
    discretionary spending while delegating to the Select Committee decisions on
    more comprehensive measures. It appears that for now, new revenues have
    dropped down on the menu of policy options. In addition, the plan envisions
    only minor policy changes on Medicare and little change in other entitlements,
    the containment of which we and most other independent observers regard as key
    to long-term fiscal sustainability.
    What you can't seem to admit is that it's both parties. They BOTH play a part and while I know it's your lifes mission to blame everything on Republicans, any reasonable and intelligent person knows it's BOTH that are at fault here.
    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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