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

  1. #271
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Sheik Yerbuti View Post
    Spits the post who thinks the Great Depression lasted some 20 years.
    I never said it last 20 years.

    Why do you keep twisting my comments?

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

    Quote Originally Posted by apdst View Post
    They'll be doing even better, when they are in complete control, unless they get scared and do stupid **** to appease poor people.

    Uh I think you mis read me. Poverty tends to go up under Republican policies as well income disparity.

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

    Quote Originally Posted by Red Crow View Post
    The downgrade came as a result of the 14 trillion Dlls. deficit and it works the same with a person that owes too much money. Your credit rating goes down. Greece here we come!!!!!!
    The best source to explain the downgrade is the organization that did the downgrade:

    [...]The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.

    [...]It appears that for now, new revenues have dropped down on the menu of policy options.

    [...]The act contains no measures to raise taxes or otherwise enhance revenues, though the committee could recommend them.

    [...]Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.

  4. #274
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Flyersfan314 View Post
    Guys please stop responding to apdst. This thread is getting filled with more BS than a porta-potty.
    You must be the new moderator
    Catch me if you can.

  5. #275
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Flyersfan314 View Post
    Guys please stop responding to apdst. This thread is getting filled with more BS than a porta-potty.
    Which basically means, anything that isn't in lockstep with the Liberal agenda.

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

    Quote Originally Posted by winston53660 View Post
    Uh I think you mis read me. Poverty tends to go up under Republican policies as well income disparity.
    Poverty hasn't gone up under the Dems over the past few years?

    You can't kill jobs and expect poverty to go down. It just ain't gonna work like that. Sorry.

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

    Quote Originally Posted by apdst View Post
    I never said it last 20 years.

    Why do you keep twisting my comments?
    If the U.S. entered the Depression in August of 1929, and you are stating that it was not recovered until October of 1949, that would be more than 20 years.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by apdst View Post
    It lasted for what? 10 months? It was a very minor recession and after that, embarked on a very prosperous period. Imagine what might have happened if not for the tax cuts.
    Guess you don't know that "period" was when the top tax rate was raised to 91%.

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

    Quote Originally Posted by apdst View Post
    Poverty hasn't gone up under the Dems over the past few years?

    You can't kill jobs and expect poverty to go down. It just ain't gonna work like that. Sorry.
    So why are the republicans doing what they're doing? They like poverty?

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

    Quote Originally Posted by apdst View Post
    Poverty hasn't gone up under the Dems over the past few years?

    If you want to look at a small section of time sure. If you look at the past thirty years though.....

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