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

  1. #21
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    Re: United States loses its AAA Credit rating from S & P

    It's somewhat significant, but not HUGE deal in the big scheme of things, IMHO. The vast majority of people or organizations who invest in Treasury securities are institutional investors who do their own creditworthiness analyses independently of the big three ratings agencies, so the downgrade only really matters to a small portion of investors. In addition, it got down graded ONE NOTCH from AAA to AA+. It's still REALLY GOOD investment-grade material. I mean, I wish my grades were that good At the most, this raises interest rates slightly.
    Last edited by StillBallin75; 08-05-11 at 10:59 PM.
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    Re: United States loses its AAA Credit rating from S & P

    Don't be so foolish. This cannot be blamed on the Tea Party. Yeah! Let's squeeze a few trillion dollars from the top 1%.... The problem is spending, spending what we don't have. Raising taxes may help (or hurt) but the main problem is spending largely done by Bush and Obama.
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by The Giant Noodle View Post
    They lowered it because congress didnt go far enough to shore up its finances. This is 100% on the fault of the Tea Party and Republicans. They needed to raise taxes on the wealthy and didnt. Now we have this!!!!!!!!!!!


    So raising taxes is the answer? It appears to me that paying down the debt is what's required to keep the AAA credit rating. Sorry friend, but this is Obama's legacy.

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

    The downgrade reflects our opinion that the fiscal consolidation plan
    that Congress and the Administration recently agreed to falls short of
    what, in our view, would be necessary to stabilize the government's
    medium-term debt dynamics.
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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. 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.

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

    Quote Originally Posted by Μολὼν λαβέ View Post


    So raising taxes is the answer? It appears to me that paying down the debt is what's required to keep the AAA credit rating. Sorry friend, but this is Obama's legacy...
    S&P doesn't care if the debt problem is solved with higher taxes. they just want it dealt with.

    and don't think for a moment that the American people is gonna forget the games the GOP has played this week.

    this is gonna bite the GOP in the ass and Obama will be re-elected.

    Obama wanted a $4 trillion plan that cut spending and raised revenue and the GOP said "NO". The American people will remember.

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

    They are also saying that SP's math may have been off. Breaking News...

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

    Quote Originally Posted by SheWolf View Post
    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.



    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.
    Americans should sell off their S&P stocks and send a message to them of what we think about this downgrade.

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

    Quote Originally Posted by Thunder View Post
    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.
    They aren't helpful... but if you really believe that the global debt crisis is happening because of some RW nutjobs in congress, then you may also be suffering from a hyperpartisan-delusion-disorder.
    "A witty saying proves nothing." Voltaire

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

    Quote Originally Posted by The Giant Noodle View Post
    So this that why you didnt say anything useful?
    Try this. Raising the taxes on the rich as you mention in the silly post would not have changed anything. Remember if you want to talk about eliminating the Busg tax cuts that is already in the numbers being used in 2013. In order to stave off S&P they said we had to have a plan that showed about $4 trillion. The agreement is for about @2.1 -2.5 trillion. So raising taxes by $70 billion this year would not have made a difference.

    So my useful ( perhaps) comment would be to say your post was beyond nonsense. Either you no nothing on the subject, or you do but tell untruths because it is fun and on the internet free to say silly things.

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

    As long as the right wing extremists and the Tea Party continue to hijack the political process, this country will be a joke. Great ideas you stupid Republicans.

    Let's not spend any money to fix anything. Let's destroy the government that we're now working for. Let's fire teachers, police and fire for the sake of giving the wealthy a few extra bucks. Let's cut the individual income taxes of the wealthy (went down from 32 % in 1990 to 16 % in 2011).

    Let us watch the roads crumble because we laid off everyone in Public Works. So glad we're spending no money to fix things or stimulate the economy in this country, but the stupid Republicans had no problems spending billions to fight a war in Iraq against a country that had nothing to do with 9/11. The Republicans have disgraced this country and they should all be impeached and go to prison.


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