Page 13 of 207 FirstFirst ... 311121314152363113 ... LastLast
Results 121 to 130 of 2065

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

  1. #121
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 08:05 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,319

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

    Quote Originally Posted by washunut View Post
    Seems like the U.S. and much of the developed world is in a real trickbox right now. We are so dependent on government spending that the short term will mean contraction if we reduce spending. If we do not reduce spending, interest expense will be the single biggest expense, not sustainable. Not an easy answer to work our way out of this without the economy cratering.
    Looks like all those regulations on businesses will have to suspended for a while.

  2. #122
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 08:05 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,319

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

    Quote Originally Posted by AdamT View Post
    Yes, I think that is absolutely the case. If Congress had properly treated the debt ceiling as a housekeeping matter, as in all times past, and both sides gave indications that they would work together to address long-term deficits, this would not have happened.

    The ratings agencies made it perfectly clear that taking the decision down to the wire would be a significant factor in their decision. So what happened? Congress took it as close to the wire as they possibly could.
    Like when Obama voted against raising the debt ceiling?

  3. #123
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 01:21 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,351

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

    Quote Originally Posted by AdamT View Post
    Yes, I think that is absolutely the case. If Congress had properly treated the debt ceiling as a housekeeping matter, as in all times past, and both sides gave indications that they would work together to address long-term deficits, this would not have happened.

    The ratings agencies made it perfectly clear that taking the decision down to the wire would be a significant factor in their decision. So what happened? Congress took it as close to the wire as they possibly could.
    then you are living in a fantasy world. Geithner again said he wanted a debt ceiling with no spending cuts attached. Then shortly after he and Obama put together a budget that would have continued the mess for another 10 years. If I remember correctly, the one document Obama published that actually had numbers was defeated 0-97. He couldn't even get the socialist Bernie sanders to vote for his joke of a budget.

    Well since we do not want to take things to the brink will your man Reid pass a budget before the Sept 31 deadline. If not start working on your excuses of how the tea party did not allow him to pass a budget the last three years.

  4. #124
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    Quote Originally Posted by washunut View Post
    then you are living in a fantasy world. Geithner again said he wanted a debt ceiling with no spending cuts attached. Then shortly after he and Obama put together a budget that would have continued the mess for another 10 years. If I remember correctly, the one document Obama published that actually had numbers was defeated 0-97. He couldn't even get the socialist Bernie sanders to vote for his joke of a budget.

    Well since we do not want to take things to the brink will your man Reid pass a budget before the Sept 31 deadline. If not start working on your excuses of how the tea party did not allow him to pass a budget the last three years.
    There was never any reason to couple the debt ceiling (paying for past spending) with deficit reduction talks. That was purely a republican maneuver to manufacture a crisis and thus once again subvert the democratic process. Republicans played chicken with the economy and the economy just got sideswiped as a result.

  5. #125
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 01:21 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,351

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

    Quote Originally Posted by apdst View Post
    Looks like all those regulations on businesses will have to suspended for a while.
    Never happen. Obama will talk about jobs through emergency spending then continue to not allow drilling in the gulf. How about his action against Boeing the largest exporter in the U.S.

    As you see from reading posts on this site. Most people know little about economics. They still have their kneepads with the slogan " change you can believe in " tucked under their pillow.

  6. #126
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    "the credit rating company said 'political brinkmanship' in the debate over the debt had made the U.S. government’s ability to manage its finances “less stable, less effective and less predictable."

  7. #127
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 01:21 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,351

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

    Quote Originally Posted by AdamT View Post
    There was never any reason to couple the debt ceiling (paying for past spending) with deficit reduction talks. That was purely a republican maneuver to manufacture a crisis and thus once again subvert the democratic process. Republicans played chicken with the economy and the economy just got sideswiped as a result.
    OK, I have to give you an A for remembering the Obama talking points. Must watch a lot of MSNBC between naps. If not the debt ceiling when? Oh that's right the budget. Oh a little problem, the senate has not passed a budget for nearlt three years. Want to take bets as to whether they pass one by the end of Sept?

  8. #128
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 01:21 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,351

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

    Quote Originally Posted by AdamT View Post
    "the credit rating company said 'political brinkmanship' in the debate over the debt had made the U.S. government’s ability to manage its finances “less stable, less effective and less predictable."
    S&P would have less credibility than they have now if they based their judgement solely or even largely by whether they agreed with the legislative process. They had to say something like that to give Obama some cover. They are very weak politically. Let's see how Obama tries to discredit them.

  9. #129
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    Quote Originally Posted by washunut View Post
    OK, I have to give you an A for remembering the Obama talking points. Must watch a lot of MSNBC between naps. If not the debt ceiling when? Oh that's right the budget. Oh a little problem, the senate has not passed a budget for nearlt three years. Want to take bets as to whether they pass one by the end of Sept?
    Is it true that you can't talk when Rush Limbaugh is drinking water? Because he sure seems to be working you like a puppet.

    There was absolutely no reason to create this artificial deadline on deficit reduction talks. Discussions have been going on for months and should have gone on for as long as necessary to achieve a sensible compromise.

  10. #130
    Professor

    Join Date
    Dec 2005
    Last Seen
    01-04-17 @ 10:49 PM
    Lean
    Undisclosed
    Posts
    1,432

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

    Hopefully Obama can turn it around, but even Obama as great as he is can only do so much about Bush's failed policies. And when Obama can't get the funds that he needs to turn things around, makes you wonder if it's racially motivated. Is S&P racist? How much longer America, will the rich sit on their capital that's needed to turn this around. How long will the FAT CATS try to ruin this brilliant president's administration.
    Caitlyn Strong...

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •