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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 winston53660 View Post
    I dont want bureaucracies making those decisions, Obama said.
    Taka a pill! is what he said.

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

    Quote Originally Posted by Conservative View Post
    If that is what you believe that is your right even though you are wrong. We were downgraded because we spent too much and the current debt is almost 100% of GDP. What is your credit score if you max out your Credit cards for that is what Obama and our bureaucrats have done. Revenue grew after the tax cuts thus didn't cause the downgrade
    Your right on this part of your post " because we spent too much ".Now if you would only look at the reason that we spent too much maybe we could get somewhere.


    You could start by looking at a couple of tax-cuts and a couple of wars.I believe that Adams explanation of this part(Revenue grew after the tax cuts thus didn't cause the downgrade) of your post is sufficient.Go look it up again if you need a refresher.
    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 Misterveritis View Post
    Taka a pill! is what he said.
    and I dont want bureaucracies making those decisions, . BTW some of the pills are pretty amazing on controling bradyarrythmias

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

    Quote Originally Posted by donc View Post
    Your right on this part of your post " because we spent too much ".Now if you would only look at the reason that we spent too much maybe we could get somewhere.


    You could start by looking at a couple of tax-cuts and a couple of wars.I believe that Adams explanation of this part(Revenue grew after the tax cuts thus didn't cause the downgrade) of your post is sufficient.Go look it up again if you need a refresher.
    Spending is the problem, not tax cuts. People keeping more of what they earn always benefits the family and thus means less need for that govt. "help" liberals want to provide. The wars cost us 140 billion a year over the past 10 years so you are overstating the cost for what reason, I don't know. Only if you justify spending 3.7 trillion dollars a year in govt. spending do we have a revenue problem. By the way, thought Obama ended the wars and closed GITMO thus there hasn't been any expense the last 2 1/2 years. I believe S&P knows that the wars aren't as costly as they were during the Bush years. Adding 4 trillion in the last 2 1/2 years didn't help the credit rating.

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

    The Definition of Karma:

    The Tea Party throws teachers, firefighters, and police under the bus. Their children get a poor education. They are left to die during a flood, wildfire, or other natural disaster caused by the climate change they don't believe in, and the value of their property plummets as crime rates go up...

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

    Quote Originally Posted by hazlnut View Post
    The Definition of Karma:

    The Tea Party throws teachers, firefighters, and police under the bus. Their children get a poor education. They are left to die during a flood, wildfire, or other natural disaster caused by the climate change they don't believe in, and the value of their property plummets as crime rates go up...
    Project much? I have seen Teachers, Firefighters, and police at Tea Party rallies. The Taxed Enough Already group is grass roots and represents real people unlike either major political party today. Yours is a biased media generated hatred of a grass roots organization whose roots made this country great.

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

    Quote Originally Posted by Conservative View Post
    Project much? I have seen Teachers, Firefighters, and police at Tea Party rallies.Before the 2010 Midterms. The Taxed Enough Already group is an astro-turf corporate funded ginning up the far-right base and represents the GOPs attempt at rebranding itself after the worst Presidency in modern history W.. According to my masters at Fox NewsYours is a biased media generated hatred of a grass roots organization whose roots made this country great.
    Edited for accuracy.

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

    Quote Originally Posted by hazlnut View Post
    Edited for accuracy.
    Your definition of accuracy is out of touch with reality. In order to edit for accuracy you would have to be accurate and you have refuted nothing that I posted. I guess you must have missed the latest polling results so let me help you. The worst President in Modern History, Jimmy Carter is happy to have Barack Obama in the WH. He will be replaced by Obama. Nice guy, Obama, but incompetent as the results show.

    Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    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!

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

    Quote Originally Posted by Conservative View Post
    Your definition of accuracy is out of touch with reality. In order to edit for accuracy you would have to be accurate and you have refuted nothing that I posted. I guess you must have missed the latest polling results so let me help you. The worst President in Modern History, Jimmy Carter is happy to have Barack Obama in the WH. He will be replaced by Obama. Nice guy, Obama, but incompetent as the results show.

    Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    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!

    How to create a GOP talking point 101

    1) Take any negative sounding stat completely out of context and attribute it to Obama.

    2) Create false and far-fetched cause/effect relationships.

    3) Have Short term memory issues when discussing major causes of current debt. (unfunded wars, prescription bill, bailouts, TAX BREAKS FOR THE WEALTHY)

    4) View all economics policy outcomes on a daily and weekly basis--not the usual 5-10 years.
    Last edited by hazlnut; 08-17-11 at 12:15 AM.

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

    Quote Originally Posted by Conservative View Post
    Your definition of accuracy is out of touch with reality. In order to edit for accuracy you would have to be accurate and you have refuted nothing that I posted. I guess you must have missed the latest polling results so let me help you. The worst President in Modern History, Jimmy Carter is happy to have Barack Obama in the WH. He will be replaced by Obama. Nice guy, Obama, but incompetent as the results show.

    Obama's Approval Rating Drops to Lowest Ever, According to Gallup

    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!
    Bush above Carter -- that's a laugh! According to the most recent ranking of presidents by historians, Carter ranks 18th and Bush ranks 31st. In fact, Carter is ranked higher than Bush in EVERY academic poll since 2008.

    And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.

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