Page 29 of 207 FirstFirst ... 1927282930313979129 ... LastLast
Results 281 to 290 of 2065

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

  1. #281
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    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!!!!!!
    Not according to those who downgraded us...

    "The firm's conclusion 'was pretty much motivated by all of the debate about the raising of the debt ceiling,' John Chambers, chairman of S&P's sovereign ratings committee, said in an interview. 'It involved a level of brinksmanship greater than what we had expected earlier in the year.'"

  2. #282
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 10:38 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,520

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

    Quote Originally Posted by winston53660 View Post
    If you want to look at a small section of time sure. If you look at the past thirty years though.....
    During the past 30 years, the Dems have been in charge for most of it. You sure you want to keep going down this road?

  3. #283
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    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?
    You said it didnn't end until the passage of the Revenue Act of 1948. When do you think the Great Depression began?

  4. #284
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

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

    Quote Originally Posted by apdst View Post
    During the past 30 years, the Dems have been in charge for most of it. You sure you want to keep going down this road?

    Do you have something to add or just snide comments with little to no basis in reality.

  5. #285
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    Quote Originally Posted by apdst View Post
    During the past 30 years, the Dems have been in charge for most of it. You sure you want to keep going down this road?
    Yeah, I would be quite happy to keep going along the path the Dems have taken -- if you whacked out the cancerous years where the republicans were running the show.

  6. #286
    Guru
    JohnWOlin's Avatar
    Join Date
    Jul 2010
    Location
    Kentucky
    Last Seen
    01-17-17 @ 08:15 PM
    Gender
    Lean
    Moderate
    Posts
    3,594

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

    My thoughts on this is, this is the result of many parties involved letting novices control the conversation. In reality the big boys in the room didn't want this to happen at all. Had we a different political climate this would have been passed months ago. Much of it has to do with far to much compromise but in the end and in the scramble only so much was able to be compromised that everyone could barely agree to.

    Up until now I didn't think S&P would do it either way but there must be something for them to gain out of it. Perhaps when manipulating the prices creating them low, 6 months from now when they upgrade the credit everyone cashes out a winner. I don't know. I look at the recession when it was real bad in 2008. People that play the stock market a lot that invested then, are even better off than they were 10 years ago. I find it amazing that a minority of voices overall however can have a total stranglehold on the conversation. It's a very dangerous trend. It is also very dangerous that the Democrats along with Obama have no spine.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

  7. #287
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 10:38 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,520

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

    Quote Originally Posted by winston53660 View Post
    Do you have something to add or just snide comments with little to no basis in reality.
    No basis in reality? Who controlled Congress in the 80's? The Dems controlled Congress for 50 years, prior to 1994. And again since 2007. Do the math, bro.

  8. #288
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 10:38 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,520

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

    Quote Originally Posted by AdamT View Post
    Yeah, I would be quite happy to keep going along the path the Dems have taken -- if you whacked out the cancerous years where the republicans were running the show.
    We're there. What are you complaining about?

  9. #289
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

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

    Quote Originally Posted by apdst View Post
    No basis in reality? Who controlled Congress in the 80's? The Dems controlled Congress for 50 years, prior to 1994. And again since 2007. Do the math, bro.

    Okay no substance i got it.

    Specifically what policies are you talking about?

    Tax cuts that disproportionately benefited the wealthy or what?

  10. #290
    Holy Crap!
    Red Crow's Avatar
    Join Date
    Sep 2010
    Location
    Hawaii, USA
    Last Seen
    12-06-15 @ 11:54 AM
    Gender
    Lean
    Independent
    Posts
    3,429

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Not according to those who downgraded us...

    "The firm's conclusion 'was pretty much motivated by all of the debate about the raising of the debt ceiling,' John Chambers, chairman of S&P's sovereign ratings committee, said in an interview. 'It involved a level of brinksmanship greater than what we had expected earlier in the year.'"
    I know why we were downgraded... because Tim Geithner and Obama are still in charge
    Catch me if you can.

Posting Permissions

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