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

  1. #1881
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    Re: United States loses its AAA Credit rating from S & P

    Ben Stein offers Rick Perry an economics lesson - CBS News

    One of the measures the Fed is using is to increase the money supply or what Gov. Perry would call "printing money."

    Typically this is a helpful move, although not lately. It's not a radical move. It's not anywhere near a

    "treasonous" move.

    It is not at all clear that in an economy as weak as ours that creating more money would cause inflation.

    The idea is to make money cheaper so businesses will borrow and then invest.

    Frankly, once again, it has not worked so far. But it is an orthodox, classic move.

    It is a move by a man, Ben Bernanke, who wants to help his country recover. To call Dr Bernanke - a patriot doing his best for his country - "treasonous" is a serious mistake.

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

    How do you make the interest rates lower than they are now? Printing money will make the dollars worth less.

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

    Quote Originally Posted by mertex View Post
    Even sadder are the Conservatives who resist admitting that Bush got the country where it is, and just want to blame Obama for the mess their Republican policies put us in. Obama has spent less than Bush, but getting conservatives to admit it is beyond what they are capable - they can't admit the truth!

    Looks like you are among the 22% that still support Bush!
    How did Bush with a Democrat Congress in control of the legislative process and purse strings cause we we are facing today, 2 1/2 years after Obama took office? Democrats took total control of Congress in January 2007 or did you forget? Don't blame you from diverting from that fact

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

    Quote Originally Posted by Conservative View Post
    Bush with a Democrat Congress in control of the legislative process and purse strings
    The budgets weren't balanced when he had a Republican Congress either. You'd think that if ONE party knew all the answers and didn't let deficits get out of control, that ONE party would have produced a balanced budget when given control of Congress and the White House and controlled all of the strings. But they didn't. If they did, I'd say you have a point.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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

    Quote Originally Posted by rocket88 View Post
    The budgets weren't balanced when he had a Republican Congress either. You'd think that if ONE party knew all the answers and didn't let deficits get out of control, that ONE party would have produced a balanced budget when given control of Congress and the White House and controlled all of the strings. But they didn't. If they did, I'd say you have a point.
    Not once did we have a trillion dollar deficit with a Republican Congress and since Democrats have talken control we had three in a row.

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

    Quote Originally Posted by j-mac View Post
    When do liberals, and Obama ever get held accountable....That is a nice word isn't it, but only when you are speaking of the other guy.....


    j-mac
    Well, it took 8 years to move from basically break-even annual deficits to $1.1T in annual deficits. It is a bit difficult to turn that around in just a couple of years.

    Obama did not cause the problems, but at some point he is accountable for fixing them.

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

    Quote Originally Posted by Conservative View Post
    Not once did we have a trillion dollar deficit with a Republican Congress and since Democrats have talken control we had three in a row.
    Let's not be disingenuous. Though you are factually correct, you know the $1T annual deficits are not the result of anything the Democrats did since "gaining control" of congress in 2007. If you think otherwise, kindly let us know what pieces of legislation passed by this congress (or legislation that should have been passed, but was not) that created these deficits. You can't.

    Let's refrain from the Sean Hannity style of being trite and flash some of your intelligence. There is plenty of good discussion and finger pointing that can be had... this assertion, though is shallow and intellectually dishonest.

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

    Quote Originally Posted by upsideguy View Post
    Let's not be disingenuous. Though you are factually correct, you know the $1T annual deficits are not the result of anything the Democrats did since "gaining control" of congress in 2007. If you think otherwise, kindly let us know what pieces of legislation passed by this congress (or legislation that should have been passed, but was not) that created these deficits. You can't.

    Let's refrain from the Sean Hannity style of being trite and flash some of your intelligence. There is plenty of good discussion and finger pointing that can be had... this assertion, though is shallow and intellectually dishonest.
    The last Bush budget ex. TARP and the OBama stimulus was 3.0 trillion dollars and the 2010 Obama Budget was 3.7 trillion dollars so think about it. Then there is the increase in unemployment that Obama has done nothing to improve. There are fewer people employed and more unemployed than when Obama took office. Over 25 million unemployed and under employed Americans are paying very little in taxes and that doesn't help the deficit at all.

    Before claiming I use Hannity trite I suggest you stop ignoring the Obama economic policy and budget that generated these results. What is it about liberalism that creates this kind of loyalty that Obama gets a pass on these kind of results. NOTE THE YEAR, 2011, 2 1/2 years AFTER taking office


    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 25+ 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! 40% JAR and well over 50% disapproval ratings.

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

    Quote Originally Posted by Conservative View Post
    Not once did we have a trillion dollar deficit with a Republican Congress and since Democrats have talken control we had three in a row.
    So your argument is -- "Those guys are worse!" There's damning with faint praise if I've ever heard it.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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

    Quote Originally Posted by Conservative View Post
    Not once did we have a trillion dollar deficit with a Republican Congress and since Democrats have talken control we had three in a row.
    We're going to have one next year and the year after that with a Republican House. And of course all spending bills originiate in the House. Explain.

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