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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
    So where is the Obama plan on paper to solve the debt rating problem?
    It has to be on paper? Once you get that, will you then say it must be offcially considered by congress? And then what? It must be adopted first? Just saying . . . .

    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

    Don't discount the fact that one of the Republican front runners -- winner of the Iowa straw poll -- takes the astonishingly irresponsible position that the United States of America SHOULD renege on its debt obligation. Just when I thought I'd seen it all....

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

    Quote Originally Posted by Boo Radley View Post
    It has to be on paper? Once you get that, will you then say it must be offcially considered by congress? And then what? It must be adopted first? Just saying . . . .
    Yes, it has to be on paper or Obama and his supporters will not remember their promises or plan. Obama says a lot of things that supporters forget but they cannot forget what he has on paper.

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

    Quote Originally Posted by AdamT View Post
    Don't discount the fact that one of the Republican front runners -- winner of the Iowa straw poll -- takes the astonishingly irresponsible position that the United States of America SHOULD renege on its debt obligation. Just when I thought I'd seen it all....
    Where did any Republican say that? Are you really this partisan that you have to spout lies? There was no reneging on obligations nor were there any real cuts in spending thus the downgrade.

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

    Quote Originally Posted by Conservative View Post
    Yes, it has to be on paper or Obama and his supporters will not remember their promises or plan. Obama says a lot of things that supporters forget but they cannot forget what he has on paper.
    Not to be considered or discussed. Only what they vote on needs to be on paper.

    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
    Uh-huh.

    I believe this downgrade is a great thing for the country. It focuses one's attention. We must get back to Constitutionally-limited government.
    Of course the irony in all this is that, since the downgrade, demand for US Treasuries has skyrocketed, sending yields to near-historic lows. In the latest auction for 10 year notes demand outstripped supply 3:1.

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

    Quote Originally Posted by Boo Radley View Post
    Only what they vote on needs to be on paper.
    no kidding, karl

    it's been 3 years since the party in power in the us senate passed a budget

    in times like these

    embarrassing?
    Last edited by The Prof; 08-14-11 at 04:55 PM.

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

    Quote Originally Posted by Conservative View Post
    Where did any Republican say that? Are you really this partisan that you have to spout lies? There was no reneging on obligations nor were there any real cuts in spending thus the downgrade.
    Take off the wingnut goggles. Bachmann: ‘I Won’t Vote to Raise Debt Ceiling’ - Washington Wire - WSJ

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

    Quote Originally Posted by Boo Radley View Post
    Not to be considered or discussed. Only what they vote on needs to be on paper.
    What is there to consider if it isn't on paper? There has been no official or even unofficial proposal by Obama.

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

    Quote Originally Posted by AdamT View Post
    Not raising the debt ceiling doesn't mean default. Stop buying the rhetoric. do you think that raising the debt ceiling impacts revenue beinng generated daily to the govt?

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