Page 136 of 207 FirstFirst ... 3686126134135136137138146186 ... LastLast
Results 1,351 to 1,360 of 2065

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

  1. #1351
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

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

    Quote Originally Posted by 1Perry View Post
    Both can be the problem.
    Agreed. They can.

    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.

  2. #1352
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

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

    Quote Originally Posted by AdamT View Post
    Everyone who has a functioning central nervous system understands that we were on the verge of defaulting. Our revenues were just about sufficient to meet HALF of our daily obligations. Naturally that means that we could not meet the other HALF of our obligations, on which we would have defaulted.
    Your definition of default isn't the legal definition at all. Much of what we spend is optional as has been explained to you. Doubt that anything is going to change your mind including actual facts. The govt. takes in billions each and every month. Our obligations to prevent default is to pay debt service, then our obligation goes to our Seniors for SS and Medicare and our Military. What else is there that is an obligation that we have? There is no legal default on other issues so you just stop spending money. The new budget year begins October 1, 2011

  3. #1353
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

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

    Quote Originally Posted by AdamT View Post
    And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.
    This is 2 1/2 years later, he inherited nothing today and yet his record is as follows

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

  4. #1354
    Banned
    Join Date
    May 2011
    Location
    Huntsville, AL
    Last Seen
    03-03-17 @ 10:28 AM
    Gender
    Lean
    Conservative
    Posts
    13,813

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

    Quote Originally Posted by Boo Radley View Post
    They've been there for sometime haven't they? And quite frankly, deregulation contributed to our problems. Regulations often have a reason for being there.
    Yes. They have steadily grown over the years. (All nations accumulate power). In the early years we had a few hundred regulations. Today we have 80,000 regulations that businesses must comply with at a cost to the consumer of a trillion dollars per year. Do you feel a trillion dollars safer? Our busybody bureaucrats are churning out regulations at a rate of about 4K regulations per year.

    What do they do? Maybe we should sunset them. We could number them from 1 to 80,000 and randomly select them for sunsetting. Say 10% each year. Or, for every new regulation we should eliminate an equal weight in "old" regulations. So let's print them all out on 20 lb cotton rag paper and weigh them. Then let's get a Constitutional amendment that says we can have no more than half that weight in regulations. Let's further agree that 100 eight grade students, selected randomly will have to read them and understand them. And finally, let's publicly whip any official who tries to find a way around this.

  5. #1355
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

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

    Quote Originally Posted by 1Perry View Post
    That's the problem. Thinking short term. So at least we have you off the idea that the government doesn't effect employment.
    The word I use is control, control the economy. It CAN have a limited effect, but other factors have a far greater effect, like consumer buying, market crashes, and international competition.

    You need both short term and long term thinking, and the long term has to go beyond one president, and we accepted by both parties, or it isn't likley to be effective.

    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.

  6. #1356
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

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

    Quote Originally Posted by Conservative View Post
    Aw, such low standards for Obama. Here we are over two years after taking office and liberals are still making excuses for Obama failures. This President did more harm in one year and yet people here still support him and want to give him four more years to make things worse. The Obama record today:

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
    A Standard & Poor’s director said for the first time Thursday that one reason the United States lost its triple-A credit rating was that several lawmakers expressed skepticism about the serious consequences of a credit default — a position put forth by some Republicans.

    Without specifically mentioning Republicans, S&P senior director Joydeep Mukherji said the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a potential default,” Mukherji said.



    Read more: S&P: Debt default skeptics fueled ratings downgrade - Josh Boak - POLITICO.com


  7. #1357
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

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

    Quote Originally Posted by Misterveritis View Post
    Yes. They have steadily grown over the years. (All nations accumulate power). In the early years we had a few hundred regulations. Today we have 80,000 regulations that businesses must comply with at a cost to the consumer of a trillion dollars per year. Do you feel a trillion dollars safer? Our busybody bureaucrats are churning out regulations at a rate of about 4K regulations per year.

    What do they do? Maybe we should sunset them. We could number them from 1 to 80,000 and randomly select them for sunsetting. Say 10% each year. Or, for every new regulation we should eliminate an equal weight in "old" regulations. So let's print them all out on 20 lb cotton rag paper and weigh them. Then let's get a Constitutional amendment that says we can have no more than half that weight in regulations. Let's further agree that 100 eight grade students, selected randomly will have to read them and understand them. And finally, let's publicly whip any official who tries to find a way around this.
    The criteria should be the purpose the regulation serves.if the purpose is valid, so is the regulation.

    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.

  8. #1358
    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 Conservative View Post
    Your definition of default isn't the legal definition at all. Much of what we spend is optional as has been explained to you. Doubt that anything is going to change your mind including actual facts. The govt. takes in billions each and every month. Our obligations to prevent default is to pay debt service, then our obligation goes to our Seniors for SS and Medicare and our Military. What else is there that is an obligation that we have? There is no legal default on other issues so you just stop spending money. The new budget year begins October 1, 2011
    To the contrary. If you have an obligation to pay someone, and you fail to do so, under the law you have defaulted on your obligation. For some reason you want to use a highly technical definition of the word rather than the common meaning.

    Creditors and markets do not make such a fine distinction. If the USA starts defaulting on its obligations -- ANY obligations -- it will be a blood bath that makes the Lehman crash look like a walk in the park.

  9. #1359
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    Quote Originally Posted by Boo Radley View Post
    Regulations often have a reason for being there.
    obama's chief of staff, wm daley, june 16, before a buncha manufacturers, potential donors

    when it comes to "blocking construction of facilities" in order "to protect fish," the chief said

    "you can't defend the indefensible"

    it's "bureaucratic stuff that's hard to defend"

    "the number of rules and regulations coming out of agencies is overwhelming"

    "we're trying to bring some rationality to it"

    White House’s Daley seeks balance in outreach meeting with manufacturers - The Washington Post

    f-a-c-t-s

    and some people question the president's role in the health or infirmity of an economy

    LOL!

  10. #1360
    Banned
    Join Date
    May 2011
    Location
    Huntsville, AL
    Last Seen
    03-03-17 @ 10:28 AM
    Gender
    Lean
    Conservative
    Posts
    13,813

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

    Quote Originally Posted by Boo Radley View Post
    The criteria should be the purpose the regulation serves.if the purpose is valid, so is the regulation.
    Do you believe there are 80,000 reasons for regulations that cost the consumer a trillion dollars each year?

Posting Permissions

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