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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
    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.
    It's Ryan who wants seniors to buy health insurance, today if a senior can get by with just Medicare they don't need to buy insurance. Got it, Con?


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

    Quote Originally Posted by upsideguy View Post
    As an accountant (at least by training), I must agree that revenue reductions are not an expense. They do, however, have the exact same result on the bottom line. Hence, the primary point is valid and discussion is about form rather than substance (wasting time in the academics and not facing the issue).
    This breaks it down pretty easily. It makes no difference how you add it up or subtract it. We can't afford it. (in money and lives)

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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
    Uh, bullsh*t. Bush never included the wars in his budgets, nor did he include the $800 billion TARP bailout in his budget. The president can propose a $1 budget but it doesn't mean a thing if he ends up pushing policies that result in a trillion+ dollar deficit.

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

    Quote Originally Posted by pbrauer View Post
    It's Ryan who wants seniors to buy health insurance, today if a senior can get by with just Medicare they don't need to buy insurance. Got it, Con?
    Got it Pb, the govt knows best in your world and you have no problem with the 14.5 trillion dollar debt. Seniors are too stupid in the liberal world to get their own healthcare, I know that I am. So thanks for your concern.

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

    Quote Originally Posted by Conservative View Post
    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
    They are part of the debt, but not reflected in the deficit, that's one reason a balanced budget amendment is stupid.


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

    Quote Originally Posted by Conservative View Post
    Got it Pb, the govt knows best in your world and you have no problem with the 14.5 trillion dollar debt. Seniors are too stupid in the liberal world to get their own healthcare, I know that I am. So thanks for your concern.
    Got it private insurance is better in your world even though it takes money out of the pocket of seniors.

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

    Quote Originally Posted by AdamT View Post
    Uh, bullsh*t. Bush never included the wars in his budgets, nor did he include the $800 billion TARP bailout in his budget. The president can propose a $1 budget but it doesn't mean a thing if he ends up pushing policies that result in a trillion+ dollar deficit.
    The 700 billion dollar TARP program was passed in October 2008 long after the 2009 budget was prepared. it was a supplemental and TARP was added to the debt just like the Iraq Supplementals were added to the debt. You really lack basic understanding and still cannot understand that the budgets for the U.S. run from October to September. October 2008 was in fiscal year 2009. Get it yet?

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

    Quote Originally Posted by winston53660 View Post
    Got it private insurance is better in your world even though it takes money out of the pocket of seniors.
    Exactly, private insurance is taking money out of my pocket each month and I have a choice where to spend my insurance dollars

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

    Quote Originally Posted by pbrauer View Post
    They are part of the debt, but not reflected in the deficit, that's one reason a balanced budget amendment is stupid.
    The results of a balanced budget amendment - is that also stupid?
    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 Conservative View Post
    The 700 billion dollar TARP program was passed in October 2008 long after the 2009 budget was prepared. it was a supplemental and TARP was added to the debt just like the Iraq Supplementals were added to the debt. You really lack basic understanding and still cannot understand that the budgets for the U.S. run from October to September. October 2008 was in fiscal year 2009. Get it yet?
    You are hopelessly confused. Supplementals are added to the debt -- yes. But supplementals are not in the budget, and therefore they are not reflected in BUDGET deficits. Get the picture? That's how Bush played his shell game.

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