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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 pbrauer View Post
    This is a great country, you have every right to believe what you want to believe. The Constitution gives power to the people or at least to their elected representatives. Where is there a limit in the Constitution? A figment of your imagination? lol
    Why do you laugh? This is a tragedy not a comedy. It does not have a happy ending. Tyranny never does.

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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?
    He's going to adopt this one maybe that creates a **** load of government jobs and calls them "corps". I can't see him bringing up one of his own.

    Jan Schakowsky Announces New Budget Plan With Focus On Jobs


    Something every red...err... red blooded socialist can get behind!
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d 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 1Perry View Post
    It is impossible for the U.S. to currently default. We can print all the money we want to. Maybe the reason S&P didn't specifically mention Republican's was because they weren't the major promoters of the idea of a default?

    “people in the political arena were even talking about a potential default,”

    Obama didn't talk about this?

    How about Timmy?

    However, should Republicans hold out on increasing the nation’s borrowing limit in an effort to enact their budget resolution, which dramatically cuts spending on the poor and elderly and taxes for the wealthy, Geithner said the GOP would “own” the ensuing economic consequences, which include a potential default on the government’s debt.

    Geithner, Defending Obama Plan, Says GOP Owns Potential U.S. Default - Tim Fernholz - NationalJournal.com
    This begs the the question: Why is there a statuary debt limit? The 14th Amendment says our debt can't be questioned. Why wasn't President given a clean bill like all other Presidents have had? There were two issues the debt ceiling and budget negotiations - the Republcans connected the two.


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

    Quote Originally Posted by Ockham View Post
    He's going to adopt this one maybe that creates a **** load of government jobs and calls them "corps". I can't see him bringing up one of his own.

    Jan Schakowsky Announces New Budget Plan With Focus On Jobs


    Something every red...err... red blooded socialist can get behind!
    The only way government can control jobs is to hire folk. Otherwise, you have to stop blaming the government for the unemployment.

    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 Ockham View Post
    He's going to adopt this one maybe that creates a **** load of government jobs and calls them "corps". I can't see him bringing up one of his own.

    Jan Schakowsky Announces New Budget Plan With Focus On Jobs


    Something every red...err... red blooded socialist can get behind!
    Right up the alley of many of the liberal indviduals in this forum who cannot seem to compete in a free enterprise economy. Now isn't that special, addition to the corpse as Obama called the corps.

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

    Quote Originally Posted by Boo Radley View Post
    The only way government can control jobs is to hire folk. Otherwise, you have to stop blaming the government for the unemployment.
    Govt can discourage employment which they are doing now but of course never running a business you wouldn't understand that? Any idea what it cost your employer to hire you?

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

    Quote Originally Posted by Conservative View Post
    Right up the alley of many of the liberal indviduals in this forum who cannot seem to compete in a free enterprise economy. Now isn't that special, addition to the corpse as Obama called the corps.
    I thought you were one of those who see government as the answer? Aren't you always blaming Obama, government, for the unemployment rate?


    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 AdamT View Post
    Of course it means default.

    "Definition of DEFAULT

    1. : failure to do something required by duty or law"

    If we hadn't raised the debt ceiling we would have been unable to meet our existing financial obligations.
    Sure we could have. We could have told a lot of busybody bureaucrats to go home. Or to find new jobs in the private sector. We could save more than 50 billion dollars just by closing down one extra-constitutional department, Education. That is a real cut that pays benefits for every year into the future. But let's not stop there. We have more than 50 regulatory agencies who have churned out more than 80,000 regulations to hamper and hinder and delay business. Let's put together a panel to decide which ones we want to keep open. And if we cannot come to any agreements then let's close them all.

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

    Quote Originally Posted by Conservative View Post
    Govt can discourage employment which they are doing now but of course never running a business you wouldn't understand that? Any idea what it cost your employer to hire you?
    They are not discouraging employment. Not at all.

    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
    This begs the the question: Why is there a statuary debt limit? The 14th Amendment says our debt can't be questioned. Why wasn't President given a clean bill like all other Presidents have had? There were two issues the debt ceiling and budget negotiations - the Republcans connected the two.
    Keep blaming the Republicans and ignoring the Democrat contribution.Didn't Obama have two years to increase the debt limit? Of course he did but wanted the issue because he knew people like you would support him.

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