Page 18 of 207 FirstFirst ... 816171819202868118 ... LastLast
Results 171 to 180 of 2065

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

  1. #171
    Sage
    Mach's Avatar
    Join Date
    Oct 2006
    Location
    Texas
    Last Seen
    Today @ 05:55 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    11,450

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

    Ratings agencies...those same guys that rated all that junk mortgage crisis **** as AAA and nearly collapsed the global economy. Yeah, those guys.

    What's worse, Italy that has government raid their ratings agencies when they don't play ball, or the U.S. ratings agencies that appear to throw darts at boards, and try curry favor with a political statement.

    Quote Originally Posted by haymarket View Post
    This rating evaluation is a recognition of the reality that we now have people entrusted with the power of governing who actually hate and despise government and would risk the health of the nation in order to pursue extremist ideological crusades simply based on a far right belief system.
    Yeah haymarket. It's the Tea Parties fault we have massive debt, massive defecit spending, and a congress, president, and liberals that absolutely don't want to stop spending in defecit, or pay off the debt. Of course, the reality is that they are the only ones pushing seriously for reform of both debt, and defecit spending. How did you get that exactly opposite?

    About damned time a minority has its views front and center in the otherwise routine mismanagement the two party system results in. Obama wanted changed, he got it, although not of his own doing. Granted, it's a terrible time to have to bite the bullet, but apparently thats what it takes, no? Scapegoat them all you want, that's what a third part is designed for via 2 party dominance. Let the third party bear the bad news, we'll moan and groan and blame the messenger, we'll get spending under control, then flush the third party leaving dems/repubs in their status quo of power. Spending cuts during a recession, should be a rough ride. Then again, control spending before it gets that way is the only practical answer.
    Last edited by Mach; 08-06-11 at 11:33 AM.

  2. #172
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 08:47 PM
    Lean
    Undisclosed
    Posts
    89,776

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

    from Mach

    Yeah haymarket. It's the Tea Parties fault we have massive debt, massive defecit spending, and a congress, president, and liberals that absolutely don't want to stop spending in defecit, or pay off the debt. Of course, the reality is that they are the only ones pushing seriously for reform of both debt, and defecit spending. How did you get that exactly opposite?
    News Bulletin.. this just in: we have had debt for quite a while now.... we have had deficit spending for quite a while now .... we have had president who spends for quite a while now .... we have had a Congress which spends for quite a while now. Nothing fundamental in that reality has changed. What has changed is that for the first time in modern history we have a powerful group of people positioned within the government who actually hate and despise government and are more than willing to risk the health of the nation in order to purse extremist ideological crusades simply based on a far right belief system.

    I see lots of people pushing for things which would help the budget of the nation but the ideological extremists such as Grover Norquist and his sycophants and toadies of this world have made sure that is not going to happen.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  3. #173
    Sage
    mike2810's Avatar
    Join Date
    Jan 2010
    Location
    arizona
    Last Seen
    Today @ 06:40 PM
    Gender
    Lean
    Independent
    Posts
    15,008

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

    It all boils down that Congress and the President have a spending problem that exceeds revenue taken in. There is many ways to address this. Until the budget is balanced and the debt addressed the US will continue to degrade. What makes some believe that if Congress is given more revenue (tax increase) that it will actually be used for the debt. Congress track record is not so good in this area. Show me an approved plan first. Or we can go the way of Pelosi and pass the bill so we can see what is in it.
    "I can explain it to you but, I can't understand it for you"

  4. #174
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    Quote Originally Posted by haymarket View Post
    I see lots of people pushing for things which would help the budget of the nation but the ideological extremists such as Grover Norquist and his sycophants and toadies of this world have made sure that is not going to happen.
    grover and his toadies---LOL!

    from cuomo's state of the state (link above):

    "we have the worst business tax climate in the nation, period, our taxes are 66% higher than the national average"

    "the costs of pensions are exploding... a 476% increase and its only getting worse"

    "the state of new york spends too much money, it is that blunt and it is that simple"

    "an unsustainable rate of growth and it has been for a long time"

    "not only do we spend too much, but we get too little in return"

    "the large government we have is all too often responsive to the special interests over the people"

    "new yorkers are voting with their feet, two million new yorkers have left the state over the past decade"

    "what does this say, it says we need radical reform, it says we need a new approach, we need a new perspective and we need it now"

    "this is a fundamental realignment for the state"

    "the old way wasn't working anyway, let's be honest"

    "we want a government that puts the people first and not the special interests first"

    "what made new york the empire state was a not a large government complex, it was a vibrant private sector that was creating great jobs"

    "and that's what's going to make us the empire state again"

    "at the heart of this state is business"

    "we have to relearn the lesson our founders knew and we have to put up a sign that says new york is open for business, we get it, and this is going to be a business friendly state"

    "we are going to have to confront the tax situation in our state, property taxes in this state are killing new yorkers, thirteen of the sixteen highest tax counties are in new york when assessed by home value"

    "westchester county has the highest property taxes in the united states, nassau county has the second highest"

    "it has to end, it has to end this year"

    "we have to hold the line on taxes for now and reduce taxes in the future, new york has no future as the tax capital of the nation, our young people will not stay, our business will not come"

    "put it simply, the people of this state simply cannot afford to pay any more taxes, period"

    "we have to start with an emergency financial plan to stabilize our finances, we need to hold the line and we need to institute a wage freeze in the state of new york, we need to hold the line on taxes, we need a state spending cap and we need to close this $10 billion gap without any borrowing"

  5. #175
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

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

    Quote Originally Posted by mike2810 View Post
    It all boils down that Congress and the President have a spending problem that exceeds revenue taken in. There is many ways to address this. Until the budget is balanced and the debt addressed the US will continue to degrade. What makes some believe that if Congress is given more revenue (tax increase) that it will actually be used for the debt. Congress track record is not so good in this area. Show me an approved plan first. Or we can go the way of Pelosi and pass the bill so we can see what is in it.
    Exactly. I believe a tax increase as a general thing would hurt but I would support it if it was enacted in a way that also forced the government to not spend any new money. Any money brought in would go directly to the debt and nothing else.

  6. #176
    Guru
    deltabtry's Avatar
    Join Date
    Jan 2010
    Location
    MA.
    Last Seen
    11-26-16 @ 03:07 PM
    Gender
    Lean
    Very Conservative
    Posts
    4,021

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

    Quote Originally Posted by Aunt Spiker View Post
    But - will the government listen?

    It doesn't look like it. I see no evidence that we're going to change the direction of things - but a lot of evidence that the direction of thing swill continue full force.
    Then I would say it high time for the American people to tell the government to get their sh!t together instead of looking for some party to blame. Congress won't act in favor of the people until the people stand up and demands to be heard, as one voice.

  7. #177
    Sage
    teamosil's Avatar
    Join Date
    Oct 2009
    Location
    San Francisco
    Last Seen
    05-22-14 @ 12:47 AM
    Gender
    Lean
    Liberal
    Posts
    6,623

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

    Hopefully this shot across the bow will be enough to snap Republicans out of it. They can't keep treating 2/3 of the components of deficit reduction as sacred cows. They need to accept revenue increases and military cuts along with entitlement cuts. We can't possibly address the deficit if they keep preventing action to fix it like this.

  8. #178
    Advisor Polotick's Avatar
    Join Date
    Jul 2011
    Last Seen
    08-17-11 @ 10:46 AM
    Gender
    Lean
    Undisclosed
    Posts
    374

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

    Interesting thread.

    Too bad so much of it reminds me of a tent revival meeting where a guy in a white suit is expected to come on stage in the middle of a big musical production and make everything okay.

    PROTIP; the hero is dead and has been for decades, he was shot in the back by snake oil salesmen. And we bought it.

    This problem has been building for decades. It very well may take decades to fix completely. In order to do that however, all players involved are going to have to forget about the R or the D that comes with their title. may I suggest we replace them with an A? For American, a forgotten breed that used to be upstanding, courageous, bold and involved.

    There is hard work ahead, work, not political screeching. Real work and tough choices. Personally, I don't see how we can avoid affecting every single American to one degree or another. We have allowed ourselves to end up in a pretty deep ditch with no visible way out, except by working together and cutting a set of steps in the bank.

    As a nation we need to curtail the billions or trillions we spend in other countries who decide to do what we want in exchange for our cash. We are out of cash. We need to stop exporting war, yesterday. Things like the Arts, PBS, etc should have to rely on private donations, not the government.

    There are hundreds of things that can be done without negatively impacting us here, and those things should be on the table first. Then we move to the second layer, then the third...

    Things need to be done in a business like manner, leaving emotions and pet projects outside the room.

    Junkets, Air Force 1, private government helicopters, all of these things only help to isolate the decision makers from the reality that those of us trying to get by must face on a daily basis. I want the decision makers to be out here with us, serving instead of ruling. They are not our overlords, they work for us, the American people. As such we are their bosses, not their servants.

    Hell, we have a program that is so big that we don't even know how much it costs us, the HLS, the TPA and domestic spying. A hot sharp knife to its scrotum may pay some huge dividends. Why is it a sacred cow?

    Point is, there are things that can and should be done first, and they should be done soon, before the end of the year.

    American is crumbling folks, and not just our national infrastructure, but perhaps more importantly, our national sense of who we are.

  9. #179
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 08:47 PM
    Lean
    Undisclosed
    Posts
    89,776

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

    from the Prof

    grover and his toadies---LOL!
    I am glad it made you smile instead of taking personal offense despite your obvious sympathies and sharing of he Grover Norquist ersatz ideology. That is a healthy sign.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  10. #180
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 09:57 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,356

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

    Quote Originally Posted by zip98053 View Post
    Ah, more quality input from apdst. No matter how degenerate the discussion is, you seem to be able to make it even worse.

    So, where are the "smart" folks from the Republican side? What great leadership have they shown? They seem willing to let the economy go in the toilet with no facts to indicate that what they want will do anything positive. People who think that there is no difference between believing and knowing are really dangerous. And these Tea Baggers are the worst. Their behavior is irrational and destructive.
    The smart folks on the GOP side are the ones that realize that the government isn't going to fix the economy. The same folks that understand that massive government spending didn't work for Roosevelt and it's not going to work now. They're also the same folks that know that you can't kill jobs, bust your ass to raise taxes, then expect that scenario to lead us out of the depression.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •