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

  1. #141
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    Re: United States loses its AAA Credit rating from S & P

    Thank you, apdst, for diligently flagging posts filled with extreme right wing views. I’ve come to regard your “likes” as a kind of radioactive/biohazard warning sign indicating that a post is definitely not worth squandering the cognitive resources it takes to read. Keep up the good work.

  2. #142
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    Re: United States loses its AAA Credit rating from S & P

    I'm not an American so maybe I don't know that much. Still I think your problem is that you have a goverment designed for compromise. With your division of power between senate, congress and the presidency. That at the same time your politics is getting more divided and polarization. That you can blame Bush for pushing a right wing agenda after 9/11 instead of using the movement to create more unity or the teaparty. Or if you right wing you can probably find left wingers to blame for that. Still you can't get away from that polarization makes you goverment not able to function.

  3. #143
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Flyersfan314 View Post
    Ladies and Gentlemen please stop fighting. We have a legitimate problem and this isnt fighting. We are as dysfunctional as DC when we do this.

    I am a Democrat and I take some the responsibility for this mess. We need to reduce spending but cutting domestic spending right now would be bad for the economy. Consumer spending is already so low, that would hurt even more. We need to raise taxes on the upper 1% and possibly repeal the Bush tax cuts altogether, until people start spending again.. This will bring in billions, helping to offset some of the cuts we will have to make. The next thing to do is to reform welfare, and create a system to more efficiently check for abuse. This includes need testing for SS and Medicare. Finally defense spending needs to be cut.

    Liberals and Conservatives can either work together or fall together. There is no in between. Neither side will be happy but each side will be leaving future Liberals and Conservatives a better America.
    Hmm, so what percentage of people on welfare are abusive? How did they get on welfare to begin with? Doesn't the Welfare office weed them out by eligibility rules? What would you do to change it? And WHY, seeing as it represents less than 5% of the budget? We could raise taxes 1% on the top 10% of the rich and pay for the system.

    Oh boy, do share your wisdom...............
    One Tin Soldier Walked Away..................

  4. #144
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    Re: United States loses its AAA Credit rating from S & P

    I dont just mean welfare I mean all mandatory spending. I don't know what percentage abuse it, all estimates are conjecture. It accounts for about 500B
    Government Spending Details: Federal State Local for 2011 - Charts


    I agree we should increase taxes. The bigger part of my argument was needs testing for SS and Medicare. You don't have to be so hostile.

  5. #145
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by The Giant Noodle View Post
    Let me explain why this wouldnt have happened IF the congress raised taxes on the wealthy.....
    What did Boehner say he got? 98% of what REPUBLICANS wanted.
    Now why did the S&P lower the credit rating?
    Because the REPUBLICANS GOT WHAT THEY WANTED!
    And the Dems DIDNT!
    Now..... go back and read WHY the S&P lowered the credit rating:
    view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.
    You keep posting this strange "proof of UFOs" style string of logical errors as some sort of proof. I can only hope you are being facetious.

    The short explanation of why S&P downgraded us is very clear:

    We spend way more than we take in.

    further near-term progress containing the
    growth in public spending, especially on entitlements, or on reaching an
    agreement on raising revenues is less likely than we previously assumed
    As much as you want to make one side of these scales more important than the other ... it doesn't matter. That's just (more and more and more) partisan BS.

    Ockham is right unfortunately. Many of us will have to suffer greatly, and I'd dare say some of us will die before we actually grow the balls to take back our country from the screaming children who have taken it from the better folks who actually MAKE the money the jackasses can't spend fast enough.

    The partisan bull**** is really tiresome.
    Until we lay that crap down we really have little hope to do the actual hard work that lies ahead.

  6. #146
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    Re: United States loses its AAA Credit rating from S & P

    It seems like a good time to buy stock.
    Pretty confident that there will be an upswing, to ride back up.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  7. #147
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    Re: United States loses its AAA Credit rating from S & P

    We are talking about the company that rated crap as AAA and had a huge part of the blame of the financial crisis... they dont have much credibility left as it is....
    PeteEU

  8. #148
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Harry Guerrilla View Post
    It seems like a good time to buy stock.
    Pretty confident that there will be an upswing, to ride back up.
    Screw stock, I am buying ammo, it may be only thing of value soon, trade a box of 22 LR to get your teeth cleaned, stuff like that. Maybe that sounds a bit wacko, time will tell. Thanks Obama and Democrats for SPENDING US OVER A CLIFF!

  9. #149
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by sawyerloggingon View Post
    Screw stock, I am buying ammo, it may be only thing of value soon, trade a box of 22 LR to get your teeth cleaned, stuff like that. Maybe that sounds a bit wacko, time will tell. Thanks Obama and Democrats for SPENDING US OVER A CLIFF!
    I don't think that'll happen.
    Just my .
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  10. #150
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Harry Guerrilla View Post
    I don't think that'll happen.
    Just my .
    "hope for the best, prepare for the worst"

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