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

  1. #11
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    Re: United States loses its AAA Credit rating from S & P

    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.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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

    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

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

    For those who are interested, S&P has now posted its report explaining the downgrade decision. The report can be found at:

    http://www.standardandpoors.com/serv...ervalue3=UTF-8

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

    Fox News stopped their coverage now, and Hannity has resumed.... where is my remote?

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

    Why are you guys tuning into 24/7 news - thinking to find some facts hidden in there?

    They don't understand **** - the commentators or their 'research' teams.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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    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.
    Not until a few cities are burning. Then they'll listen.
    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

    Let me explain why this wouldnt have happened IF the congress raised taxes on the wealthy.....
    What did Boehner say he got? 98% of what REPUBLICANS wanted.
    Now why did the S&P lower the credit rating?
    Because the REPUBLICANS GOT WHAT THEY WANTED!
    And the Dems DIDNT!
    Now..... go back and read WHY the S&P lowered the credit rating:
    view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

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

    Quote Originally Posted by donsutherland1 View Post
    For those who are interested, S&P has now posted its report explaining the downgrade decision. The report can be found at:

    http://www.standardandpoors.com/serv...ervalue3=UTF-8
    We lowered our long-term rating on the U.S. because we believe that the
    prolonged controversy over raising the statutory debt ceiling and the related
    fiscal policy debate indicate that further near-term progress containing the
    growth in public spending, especially on entitlements, or on reaching an
    agreement on raising revenues is less likely than we previously assumed and
    will remain a contentious and fitful process.
    So they basically gave our government too much credit, and thought they were capable of solving the debt ceiling crisis in a timely, professional manner. This is embarrassing. I hope the government gets their act together as a result of this.

    We also believe that the fiscal
    consolidation plan that Congress and the Administration agreed to this week
    falls short of the amount that we believe is necessary to stabilize the
    general government debt burden by the middle of the decade.
    Nothing says our government is broken like this...

    I don't even know what to say...

    It's just going to be an interesting Monday to see the pundits try to spin it, and they probably will try.

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

    Quote Originally Posted by Aunt Spiker View Post
    Why are you guys tuning into 24/7 news - thinking to find some facts hidden in there?

    They don't understand **** - the commentators or their 'research' teams.
    There aren't many online sources to read yet...

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

    the debt-crisis was totally created by the GOP and the Tea-Baggers.

    without their games, the crisis would not have happened and we would still be AAA.

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