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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 Conservative View Post
    Not as much as the 4 trillion Obama has generated in 3 years.
    Sure, not if 7 is less than 3 (Obama's actual debt). But in the real world 7 > 3.

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

    Quote Originally Posted by Conservative View Post
    yes, it would be nice so tell me how did Reagan creating a 1.7 trillion dollar debt cause obama to create a 4.0 trillion dollar debt?

    So far Obama's increase is 9% points. And don't forget some of that debt is still left over from the Reagan era. The era when we turned from a creditor nation to a debtor nation.

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

    Quote Originally Posted by AdamT View Post
    Obama didn't create $4 trillion in debt.
    The Treasury Dept says he has, take your concerns up with them

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

    Quote Originally Posted by winston53660 View Post
    So far Obama's increase is 9% points. And don't forget some of that debt is still left over from the Reagan era. The era when we turned from a creditor nation to a debtor nation.
    Debt service is always carried over as All Presidents pay debt service on the debt. Think the debt service on the 2.6 trillion debt is the same as the 14.5 trillion?

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

    Quote Originally Posted by Conservative View Post
    Debt service is always carried over as All Presidents pay debt service on the debt. Think the debt service on the 2.6 trillion debt is the same as the 14.5 trillion?

    Do you want to do the comparison in real dollars or your usual trick of attempting to compare real to nominal dollars?

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

    Quote Originally Posted by Conservative View Post
    By the way, what did it cost to create these numbers?

    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!
    **** happens when you inherit two wars and a couple of ill advised tax cuts, while fighting said wars from the previous administration. Incompetence squared.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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

    Quote Originally Posted by donc View Post
    **** happens when you inherit two wars and a couple of ill advised tax cuts, while fighting said wars from the previous administration. Incompetence squared.

    And have an unfunded prescription drug program. That pricesc an't even be negotiated on.

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

    Quote Originally Posted by donc View Post
    **** happens when you inherit two wars and a couple of ill advised tax cuts, while fighting said wars from the previous administration. Incompetence squared.
    Wars have nothing to do with the numbers Obama generated with his spending in 2011 and 2010. Deficits are yearly, debt is cumulative. The Obama debt is 4 trillion dollars and Obama extended the Bush tax cuts with a Democrat Congress

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

    Quote Originally Posted by winston53660 View Post
    And have an unfunded prescription drug program. That pricesc an't even be negotiated on.
    Right, what was the Democrat alternative, more or less?

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

    Quote Originally Posted by Conservative View Post
    Right, what was the Democrat alternative, more or less?

    Why does that matter now? The unfunded program is in action right now.

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