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

  1. #301
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by StillBallin75 View Post
    It's somewhat significant, but not HUGE deal in the big scheme of things, IMHO. . . .At the most, this raises interest rates slightly.
    And so the talking points from the democrat party claim. The Marxist president Obama got what he wanted. He needed for the next fight to occur after the election. Speaker Boehner should have walked away. Instead he gave the Marxist president Obama the election. Now it is the Marxist president's election to lose. This was sheer idiocy.

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

    Quote Originally Posted by apdst View Post
    The smart folks on the GOP side are the ones that realize that the government isn't going to fix the economy.
    The smart folks on the GOP are pols who know they can continue running up the debt to doll out subsidies for their corporate buddies while wasting more billion$ on military toys, because their voting bloc is a bunch of gullible individuals educated solely by FoxNews and Limbaugh, and they know that one of those individuals is born every 60 seconds*

    * - very likely the motivation for the GOP's anti-abortion agenda

    Quote Originally Posted by apdst View Post
    The same folks that understand that massive government spending didn't work for Roosevelt
    "Even so, Mr. Bush ran up the biggest increase in the National Debt of any American president. The Debt was $5.727-trillion on his first day in the White House. And on the day he left, it was $10.626-trillion. That means the Debt increased by $4.899-trillion on his watch."

    Bush Just Escapes Being $5-Trillion Man - Political Hotsheet - CBS News
    One of these days, GOP voters are gonna have to turn off their TV and open a journal. But then. . .

    AMERICAblog News: CBS: Palin can't name one single newspaper or magazine that she has EVER read in her life

  3. #303
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Mr. Invisible View Post
    Spinning? Who is spinning anything? What I said was the straight up facts.
    You have a problem with this statement which it can not be denied:

    "BOTH parties AGREED and SIGNED the BILL. Again... it took TWO to tango".
    Catch me if you can.

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

    Quote Originally Posted by LibLoather View Post
    I agree, the 47% of the work force that pays no federal income taxes need to pay their fair share. Moreover, the earned income tax credit needs to be eliminated.
    The richest corporations/businesses in the US pay a must lower percent of their total income as taxes than the working class, due to the effect of subsidies.

    You should look up the word "subsidies." Just because FOXNews never mentioned it doesn't mean it doesn't exist.

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

    Quote Originally Posted by Red Crow View Post
    You have a problem with this statement which it can not be denied:

    "BOTH parties AGREED and SIGNED the BILL. Again... it took TWO to tango".
    Which party made a big deal of extending the debt ceiling in the first place? It was raised seven times under bush and eighteen times under reagan.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  6. #306
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by solletica View Post
    The richest corporations/businesses in the US pay a must lower percent of their total income as taxes than the working class, due to the effect of subsidies.

    You should look up the word "subsidies." Just because FOXNews never mentioned it doesn't mean it doesn't exist.
    It's common for people to ignore the fact that welfare for the rich is a large part of the spending problem. instead, they remain outraged that the poor get food stamps and unemployment.
    “In politics, stupidity is not a handicap.” -Napoleon

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

    Quote Originally Posted by Private Hudson View Post
    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.
    Do you prefer one party rule? The Communist Party of the Soviet Union had their way, completely. They went bankrupt. Under the one party democrat rule we have gone a very long way toward bankruptcy. That is the way it is.
    Quote Originally Posted by Private Hudson View Post
    Let's not spend any money to fix anything.
    Two trillion dollars is not enough? Awesome.
    Quote Originally Posted by Private Hudson View Post
    Let's destroy the government that we're now working for.
    Here you have accidently swerved into the truth. We are slaves to the state. Nothing more. I suppose the question we have before us is to decide between the path that Marx showed the democrats or the path that Madison offered to the nation.
    Quote Originally Posted by Private Hudson View Post
    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).
    Do you believe that federal taxes pay for state-level public sector union jobs? Under the stimulus you are right, of course. That transfer of wealth was designed to protect public sector union jobs and was a payback to public sector union thugs for helping the Marxist president Obama get elected.
    Quote Originally Posted by Private Hudson View Post
    Let us watch the roads crumble because we laid off everyone in Public Works.
    So we are back to the transfer of private wealth to public sector unions and private sector unions as well? Awesome. Great idea Comrade.
    Quote Originally Posted by Private Hudson View Post
    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.
    Do you believe that all wars we fight must be against nations that had something to do with the Islamic war on the US and the western world?

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

    Quote Originally Posted by Private Hudson View Post
    No, it's spending AND earning!

    You cannot just cut the spendings and hope that the economy will grow, you have to do both.
    The government earns nothing. It takes.
    Part of the solution could be the federal government selling off its massive land holdings. That ought to bring in a few trillion dollars.

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

    Quote Originally Posted by Khayembii Communique View Post
    Increased revenues would have gone further towards balancing the budget, is all I'm saying.
    To increase revenues we need to cut tax rates for those people paying taxes. We also must widen the taxpaying base so that everyone pays.

    i like the idea of allowing only those people who pay taxes to vote. If you want to vote at the federal level, for the president, senators and your representatives than show that you paid taxes. If you got more back than you paid through the wealth redistribution schemes like the earned income tax credit, then no vote for you. Only the revenue providers should be allowed to vote for their representatives. Tax consumers should not be allowed to vote.

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

    Quote Originally Posted by solletica View Post
    Here's what will happen as US debt continually gets downgraded. It means the US will no longer be able to borrow any money. If the US can't borrow any money, it'll have to raise taxes to pay for it.
    Perhaps the right answer is to lower the debt ceiling.

    We could begin with a 1% immediate reduction. We do not need to borrow 14 trillion dollars. Let's begin retiring the debt. Let's retake control of the entitlement programs. Let's decide how much we can spend each year, then spend that much and no more. Let's slash social security. The greedy geezers have taken vast amounts of their children's wealth away from them. It is time to reign in the tyranny from the old. We must rein in their historic greed.

    Next we need to get the government completely out of health care. Let's eliminate medicare and medicaid. Let's repeal Obamacare. Completely. Let get rid of the extra-constitutional departments that run those monsters. Completely. That should cut the size of government in half.

    Let's sell of most of the Federal lands. That should bring in some revenues.

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