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

  1. #1361
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by AdamT View Post
    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.
    Again you buy the rhetoric without getting the facts, tell me who we were OBLIGATED to pay that we would have defaulted on? You want badly to buy what you are being told but the truth is we cannot afford a 3.7 trillion dollar govt. and it should have been cut drastically.

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

    Quote Originally Posted by Boo Radley View Post
    In the short term, all one can do is hire people.
    outside actively hiring people, presidents have NO EFFECT on the economy---LOL!

    more (unlinked) words of wisdom

    fireside chat, anyone?

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

    Quote Originally Posted by Boo Radley View Post
    Agreed. They can.
    i spose, in some unlinked world of chin stroking posers

    but here on earth, obama's CHIEF OF STAFF was not calling out DE-regulation

    was he?

    f-a-c-t-s

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

    Quote Originally Posted by Misterveritis View Post
    Do you believe there are 80,000 reasons for regulations that cost the consumer a trillion dollars each year?
    What either one of us believes is irrelevent. Instead you must show either need or lack of need for a specific 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.

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

    Quote Originally Posted by winston53660 View Post
    They never envisioned the telephone, internet, television, radio, jet travel thermo nuclear weapons, etc.
    How do these have an impact on human nature? Do you believe that we should walk away from constitutionally limited government because the founders did not envision radio?

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

    Quote Originally Posted by Boo Radley View Post
    the long term has to go beyond one president, and we (sic) accepted by both parties, or it isn't likley to be effective
    RealClearPolitics - Election Other - Obama and Democrats' Health Care Plan

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

    Quote Originally Posted by Boo Radley View Post
    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.
    All of which the government has a hand in. Consumers have also decided to start paying off debt (which is a good thing) because of the uncertainty of what taxes or cuts are coming. The government certainly played a role in the housing crash. By both, removing regulations and encouraging home ownership where it wasn't viable. Obama's job czar is sending jobs overseas.

    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.
    I don't disagree as none of them (or few of them) look beyond the next election.

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

    Quote Originally Posted by Boo Radley View Post
    Instead you must show either need or lack of need for a specific regulation.
    ask the chief of staff

    "can't defend the indefensible"

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

    Quote Originally Posted by Misterveritis View Post
    How do these have an impact on human nature? Do you believe that we should walk away from constitutionally limited government because the founders did not envision radio?
    The question is how limited? Many spew the words concerning constitutionality without including the 200 years of history we have since it was written. How do we know you have the correct view of the constitution?

    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 Boo Radley View Post
    The criteria should be the purpose the regulation serves.if the purpose is valid, so is the regulation.
    you don't know what you're talking about

    if the administration of the oversight is "indefensible..."

    well...

    LOL!

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