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

  1. #1621
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by AdamT View Post
    In other words, if we make ourselves over into a third world country, we will be able to compete with third world countries for industrial jobs. No thanks.
    A sad day for skier Lindsey Vonn......

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

    Quote Originally Posted by AdamT View Post
    The debt ceiling deal established the so-called "super congress" which has been constituted to make additional cuts.
    I know...so...yet ANOTHER commission on spending cuts. How many does that make...this year? And at the end of the day...their very clear mandate is...what...a few trillion dollars in cuts over how many years? Its not enough and the creditors of this nation (that sentence alone ought to make people puke) know it. But hey...quick show of hands who thinks this is going to be an effective exercise? Now how many think the two sides are going to sit back and protect their interests and voting base and point fingers at each other?

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

    Quote Originally Posted by AdamT View Post
    In other words, if we make ourselves over into a third world country, we will be able to compete with third world countries for industrial jobs. No thanks.
    It doesnt have anything to do with making the country a 3rd world country. it has everything to do with labor and industry agreeing on intelligent labor structures, tax structures, profit margins, and government cooperation. Its not enough just to build cheap products ala a third world, you have to have first world 'consumers'. Industry is smart enough to know that. Create the right environment and they will have no choice but work together.

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

    Quote Originally Posted by Conservative View Post
    Because it just goes to show how naive you are in believing your SS funds are safe. In order to pay for those IOU's from the govt. using your contributions they are going to have to borrow the money. Those so called U.S. Treasury Bonds that you believe you have already have been spent. Isn't liberalism wonderful?
    I present to you, your hero, President Ronald Reagan. Listen to him Conservative!



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

    Quote Originally Posted by pbrauer View Post
    I present to you, your hero, President Ronald Reagan. Listen to him Conservative!

    Ronald Reagan took over a SS in total disaster and shored it up. It wasn't in the shape then as it is now and you should know that. That was decades ago and when Reagan left office the debt was 2.6 trillion, it is 14.5 trillion now and trillions are in IOU's in addition to that debt. You remain very naive on economic issues.

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

    Quote Originally Posted by Conservative View Post
    Ronald Reagan took over a SS in total disaster and shored it up. It wasn't in the shape then as it is now and you should know that. That was decades ago and when Reagan left office the debt was 2.6 trillion, it is 14.5 trillion now and trillions are in IOU's in addition to that debt. You remain very naive on economic issues.
    People didn't live as long.

    Science is keeping people alive longer. Blood pressure pills. Cholesterol pills. Advanced end of life care. ETC.

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

    Quote Originally Posted by hazlnut View Post
    People didn't live as long.

    Science is keeping people alive longer. Blood pressure pills. Cholesterol pills. Advanced end of life care. ETC.
    They were living a lot longer then than they were living when FDR created the problem. Life expectancy then was 62 so the intent was never to pay out SS.

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

    Quote Originally Posted by pbrauer View Post
    I present to you, your hero, President Ronald Reagan. Listen to him Conservative!

    Wait, did he say that the essence of bipartisanship is to give up a little to get a lot? Was he singing the praises of compromise?!

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

    Quote Originally Posted by AdamT View Post
    Wait, did he say that the essence of bipartisanship is to give up a little to get a lot? Was he singing the praises of compromise?!
    Reagan did compromise with Democrats, agreed to tax increases for spending cuts. Guess what, we got the tax increases but spending increases by Congress. Since you claim you were around then I would have thought you knew that

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

    Quote Originally Posted by Conservative View Post
    Ronald Reagan took over a SS in total disaster and shored it up. It wasn't in the shape then as it is now and you should know that. That was decades ago and when Reagan left office the debt was 2.6 trillion, it is 14.5 trillion now and trillions are in IOU's in addition to that debt. You remain very naive on economic issues.
    Social Security is working like they planned it to work back in 1983. The concern back then was the retiring baby boomers so the strategy was to build up a huge trust fund to handle it. Seriously, you don't know this????


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