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

  1. #1711
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    I totally agree, we need to send more money to D.C. and let them then send us back what they think we need for our lives. I love liberalism, no personal responsibility
    ... and if pointless word games don't work just fall back on brainless republican talking points.

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

    Quote Originally Posted by AdamT View Post
    ... and if pointless word games don't work just fall back on brainless republican talking points.
    We definitely have to find a way to get Bush out of the WH for I hate seeing Obama get the blame for the following numbers knowing that they really are Bush's 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!

  3. #1713
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by AdamT View Post
    Raising the debt ceiling does not increase the deficit when you are borrowing to pay for already-committed spending. Failing to raise the debt ceiling would send the deficit into a death spiral, however.
    Raising the debt ceiling allows the government to borrow and spend, to increase the total amount of debt incurred. Are you claiming that our politicians - ALL of them - are not spending money we do not have? The only reason to increase the debt ceiling is to incur more debt.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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

    Quote Originally Posted by Ockham View Post
    Raising the debt ceiling allows the government to borrow and spend, to increase the total amount of debt incurred. Are you claiming that our politicians - ALL of them - are not spending money we do not have? The only reason to increase the debt ceiling is to incur more debt.
    Has the debt ceiling ever stopped them from doing otherwise?

    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 j-mac View Post
    Demo's controlled the purse for four years unobstructed, that is evidenced by their forcing through such social spending programs as the Health Care law, and the Stimulus. But you want us to believe that they were powerless to stop the wars that in 10 years didn't cost as much as Obama, and demo spending hikes of one year?

    Listen, it is simple. When you have a monetary shortfall in your house, but you wanted to spend on some things like say, a new car, or some new power equipment, do you do it anyway? Do you spend without the money to buy it? My guess is no, and that is what we are asking our government to do now....Reign it in.


    j-mac
    Can you show any evidence that when republicans were in charge that they controlled spending? I think both spent. Do you disagree?

    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
    Can you show any evidence that when republicans were in charge that they controlled spending? I think both spent. Do you disagree?
    Looks like we are going to find out in 2012 as 39% JAR isn't going to get him re-elected and don't expect it to get much better as there still isn't an Obama economic plan

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

    Quote Originally Posted by Conservative View Post
    Looks like we are going to find out in 2012 as 39% JAR isn't going to get him re-elected and don't expect it to get much better as there still isn't an Obama economic plan
    We don't have to wait,we can look at history. Any honest look willshow you republicans spend.

    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
    We don't have to wait,we can look at history. Any honest look willshow you republicans spend.
    Yet Ryan proposed a budget with a lot less spending, actual cuts and the Senate defeated it. Republicans passed cut, cap, and balance and Democrats tabled it and Obama threatened to veto it. Sounds to me like new Republicans

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

    Quote Originally Posted by Conservative View Post
    Yet Ryan proposed a budget with a lot less spending, actual cuts and the Senate defeated it. Republicans passed cut, cap, and balance and Democrats tabled it and Obama threatened to veto it. Sounds to me like new Republicans
    Ryan knew it had no chance of ever passing. let's look at what they proposed when they could pass something. Care to bet they never even proposed something like that when in power?

    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
    Ryan knew it had no chance of ever passing. let's look at what they proposed when they could pass something. Care to bet they never even proposed something like that when in power?
    I posted what the GOP proposed but didn't have the power to implement anything and that is the point.

    Here are the budgets for 2010-2009-2008

    Total

    2010 Budget 3650.6

    2009 Budget 3615.6

    2008 Budget 3063.9

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