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

  1. #1721
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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.
    s.
    Paragraph 4 of the 14th Amendment says the debt of the U.S. can't be questioned.


    Former Fed General Counsel Supports Constitutional Option on Debt Limit | Capital Gains and Games


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

    Quote Originally Posted by pbrauer View Post
    s.
    Paragraph 4 of the 14th Amendment says the debt of the U.S. can't be questioned.


    Former Fed General Counsel Supports Constitutional Option on Debt Limit | Capital Gains and Games
    The Constitution gives the Congress control of the Purse strings not the President

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

    Quote Originally Posted by Conservative View Post
    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
    How much of the wars are reflected in thsoe budgets? Are you really arguing republicnas don't 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
    How much of the wars are reflected in thsoe budgets? Are you really arguing republicnas don't spend?
    Since Budgets are yearly they care included in the defense budgets. Iraq is winding down but Obama ramped up Afghanistan. Seems that many liberals don't seem to understand budgets and deficits vs debt

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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
    Baloney, today Medicare is a single payer system in which the government pays only when a senior uses it. Under Ryan's plan every senior would get a voucher whether they need it or not. They would be required to buy health insurance whether they want it or not if they expect to get any healthcare in the future. The cost's would rise astronomically for seniors. Bad plan all around.


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

    Quote Originally Posted by pbrauer View Post
    Baloney, today Medicare is a single payer system in which the government pays only when a senior uses it. Under Ryan's plan every senior would get a voucher whether they need it or not. They would be required to buy health insurance whether they want it or not if they expect to get any healthcare in the future. The cost's would rise astronomically for seniors. Bad plan all around.
    Gee, imagine that a consumer deciding where to spend his money vs being forced by the govt. Think that maybe the consumer would spend the money smarter than a bureaucrat in D.C. Aw, so much faith in bureacrats that created the 14.5 trillion dollar debt.

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

    Quote Originally Posted by Conservative View Post
    The Constitution gives the Congress control of the Purse strings not the President
    True, but there is NO statuary limitation as the debt ceiling is. The debt ceiling is really stupid when you think about it. Congress, The President come up with a budget plan and the debt ceiling says you can execute your plans. Pretty stupid in my eyes.


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

    Quote Originally Posted by Conservative View Post
    The Constitution gives the Congress control of the Purse strings not the President
    Chart of the Day: Republican vs. Democratic Spending

    Chart of the Day: Republican vs. Democratic Spending | Mother Jones

    The Grand Old Spending Party: How Republicans Became Big Spenders

    The Grand Old Spending Party: How Republicans Became Big Spenders | Stephen Slivinski | Cato Institute: Policy Analysis

    Ironically, up until President Obama’s administration, all increases in the national debt as a percentage of GDP since WWII came under Republican administrations:

    national debt under republicans

    Spending escalates under GOP watch

    Spending escalates under GOP watch - Washington Times

    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 Conservative View Post
    Since Budgets are yearly they care included in the defense budgets. Iraq is winding down but Obama ramped up Afghanistan. Seems that many liberals don't seem to understand budgets and deficits vs debt
    You might want to investigate how funding the Iraq war was handled.

    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
    You might want to investigate how funding the Iraq war was handled.
    Iraq Supplementals are included in the debt just like the Afghanistan supplemental requested by Obama was included in the 2009 deficit so what is your point

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