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

  1. #291
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by apdst View Post
    We're there. What are you complaining about?
    No, we're not there. Democrats didn't cut taxes when we had a chance to pay down the debt. Democrats didn't launch an ill-advised invasion of Iraq. Democrats didn't fail to pass the first TARP bill, leading to the collapse of Lehman and the stock market crash. Democrats didn't block the states from implementing predatory lending laws. Democrats did not force the President to scale back stimulus spending. Without these Republican eff ups we would not be in this sorry state.

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

    Quote Originally Posted by washunut View Post
    This post is beyond silly, I would call it evil. Phoney threats about the American economy and it's ability to borrow money scares people needlessly. Have you checked on what happened to U.S. treasuries this week? People knew that the agreement did not meet the minimum requirements laid out by S&P months ago so a downgrade was not a shock to people who follow this sort of thing.
    The fact that US debt will continue to be downgraded won't come as a shock, either.

    Quote Originally Posted by washunut View Post
    One out of three ratings agencies lowered it's rating by 1/2 a notch,
    While Australia and the UK continue their perfect AAA credit ratings for all three.

    Quote Originally Posted by washunut View Post
    not exactly the end of the world.
    I never said it was the end of the world, just the US as we know it (i. e. a "superpower"). And yes, that's really no big deal.

  3. #293
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by JohnWOlin View Post
    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.
    Hey.. are you a kin folk to Glenn Beck???
    Catch me if you can.

  4. #294
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Red Crow View Post
    I know why we were downgraded... because Tim Geithner and Obama are still in charge
    [...]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.

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

    While Australia and the UK continue their perfect AAA credit ratings for all three.
    Don't forget that socialist gulag -- Sweden -- also with a perfect AAA rating!

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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!!!!!!!!!!!
    This is a problem of spending far more than we could ever bring in. We are doomed. I believe this is what the Marxist president Obama had in mind.

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

    Quote Originally Posted by AdamT View Post
    Don't forget that socialist gulag -- Sweden -- also with a perfect AAA rating!
    Let's all go to Sweden!!!! not only we'd enjoy their perfect AAA rating but we'd also enjoy their beautiful blondes!!!
    Catch me if you can.

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

    Quote Originally Posted by SheWolf View Post
    It's the weekend, and CNN stopped covering the story... The news report was short and not very informative. Is anybody still covering the story?
    There is no real need to cover this story. The deal is done. Speaker Boehner and the House Republican leadership have handed the (former) one term Marxist president Obama, the opportunity to win another term. He should have walked out. Now he will have to be replaced. Cantor as well. And McConnell in the Senate. We have to get ready for the next battle. The Speaker surrendered this time.

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

    Quote Originally Posted by Red Crow View Post
    You can spin it anyway you want to but BOTH parties AGREED and SIGNED the BILL. Again... it took TWO to tango.
    Spinning? Who is spinning anything? What I said was the straight up facts.
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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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.
    Republicans should have walked away.

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