Page 32 of 207 FirstFirst ... 2230313233344282132 ... LastLast
Results 311 to 320 of 2065

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

  1. #311
    Banned
    Join Date
    May 2011
    Location
    Huntsville, AL
    Last Seen
    03-03-17 @ 10:28 AM
    Gender
    Lean
    Conservative
    Posts
    13,813

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

    Quote Originally Posted by Khayembii Communique View Post
    Okay, then answer a single question for me, please:

    What happens if revenue increases while spending decreases?
    I believe that would be called a miracle. Or possibly a happy ending to a fairy tale.

  2. #312
    ˇSelah!
    Alyssa's Avatar
    Join Date
    Aug 2009
    Location
    southern and midwestern United States where Protestant fundamentalism is dominant
    Last Seen
    05-07-14 @ 09:55 PM
    Gender
    Lean
    Independent
    Posts
    8,648
    Blog Entries
    2

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

    Quote Originally Posted by Misterveritis View Post
    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.
    I can't disagree with that. Also, government continues to grow. The process is almost endless.
    “In politics, stupidity is not a handicap.” -Napoleon

  3. #313
    Banned
    Join Date
    May 2011
    Location
    Huntsville, AL
    Last Seen
    03-03-17 @ 10:28 AM
    Gender
    Lean
    Conservative
    Posts
    13,813

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

    Quote Originally Posted by solletica View Post
    Deficit spending is the Prime Directive of the GOP. What good are Repubs if they can't start a another war or buy more useless military toys on the backs of future middle class generations?
    Do you dislike all Constitutional requirements? Defense is one of the few federal government requirements.

  4. #314
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Yesterday @ 12:03 PM
    Gender
    Lean
    Conservative
    Posts
    76,301

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

    Quote Originally Posted by Private Hudson View Post
    Good joke, Pal!

    But you forgot to mention that the Republicans left the house with a desolate economy and a catastrophic financial market in 2009.

    This deficit is primarily a direct result of the weak economy (tax income) and that is not the fault of Obama!



    Let's see, who was in charge of Congress in 2009?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  5. #315
    Banned
    Join Date
    May 2011
    Location
    Huntsville, AL
    Last Seen
    03-03-17 @ 10:28 AM
    Gender
    Lean
    Conservative
    Posts
    13,813

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

    Quote Originally Posted by Thunder View Post
    Cut spending by $3 trillion & raise revenue by $1 trillion. Pass it with bipartisanship and S&P's would have been happy.
    I could agree to this as long as the spending cuts were immediate and all of the tax increases are scheduled for the out years.

  6. #316
    Banned
    Join Date
    May 2011
    Location
    Huntsville, AL
    Last Seen
    03-03-17 @ 10:28 AM
    Gender
    Lean
    Conservative
    Posts
    13,813

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

    Quote Originally Posted by RiverDad View Post
    How much is enough? The US already has the most progressive tax system in the OECD?

    Barack Obama's admission that his policies would "spread the wealth around" has ignited a nationwide discussion of how progressive the tax system should be and how it should be used to redistribute income among Americans. Obama has been very successful in bolstering the conventional wisdom that the U.S. tax system does not place a significant enough burden on wealthier households and places too much of a burden on the "middle class."

    But a new study on inequality by researchers at the Organization for Economic Cooperation and Development (OECD) in Paris reveals that when it comes to household taxes (income taxes and employee social security contributions) the U.S. "has the most progressive tax system and collects the largest share of taxes from the richest 10% of the population." As Column 1 in the table below shows, the U.S. tax system is far more progressive—meaning pro-poor—than similar systems in countries most Americans identify with high taxes, such as France and Sweden.
    Radical Karl (Marx) wrote that a steeply progressive income tax was an essential tool to the destruction of capital and to help bring about the revolution. Does anyone doubt that Radical Karl's philosophy is at the core of president Obama's political philosophy? And, for that matter, at the core of the democratic party leaderships' political philosophy?

    Can anyone else see that many of the stalwart posters here believe exactly the same thing?

  7. #317
    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 donc View Post
    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.
    Which party didn't make a "BIG DEAL" for spending 4.1 trillion in 2 1/2 years while raising our debt????
    Catch me if you can.

  8. #318
    ˇSelah!
    Alyssa's Avatar
    Join Date
    Aug 2009
    Location
    southern and midwestern United States where Protestant fundamentalism is dominant
    Last Seen
    05-07-14 @ 09:55 PM
    Gender
    Lean
    Independent
    Posts
    8,648
    Blog Entries
    2

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

    Quote Originally Posted by Misterveritis View Post
    Radical Karl (Marx) wrote that a steeply progressive income tax was an essential tool to the destruction of capital and to help bring about the revolution. Does anyone doubt that Radical Karl's philosophy is at the core of president Obama's political philosophy? And, for that matter, at the core of the democratic party leaderships' political philosophy?

    Can anyone else see that many of the stalwart posters here believe exactly the same thing?
    The destruction of capital would end societal progression. Rather than creating a utopia, it would result in the stagnation and regression of progress. On the other hand, the accumulation of wealth in too few hands will create an aristocracy which will also end in revolution and chaos. Balance is obviously a concept that people simply can't wrap their minds around. I support a flat tax, the end of corporate personhood, and a small government.
    “In politics, stupidity is not a handicap.” -Napoleon

  9. #319
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 11:42 PM
    Gender
    Lean
    Independent
    Posts
    16,254

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

    Quote Originally Posted by Misterveritis View Post
    Radical Karl (Marx) wrote that a steeply progressive income tax was an essential tool to the destruction of capital and to help bring about the revolution. Does anyone doubt that Radical Karl's philosophy is at the core of president Obama's political philosophy? And, for that matter, at the core of the democratic party leaderships' political philosophy?

    Can anyone else see that many of the stalwart posters here believe exactly the same thing?
    Economic history is lacking a bit eh?

    Progressive taxation was originally discussed by Adam Smith.

    The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. 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.
    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

  10. #320
    pawn in the game of life
    pragmatic's Avatar
    Join Date
    Jul 2009
    Last Seen
    10-17-17 @ 05:33 PM
    Gender
    Lean
    Independent
    Posts
    1,984

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

    Quote Originally Posted by AdamT View Post
    The best source to explain the downgrade is the organization that did the downgrade:

    [...]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.
    Yeah, that last one sort of confused me as to what S&P is thinking? Those "Bush tax cuts" automatically end unless Congress and the Administration pass legislation to extend them.

    The Republicans cannot do that on their own. Just like they couldn't do it on their own in 2010. The Democrats and Obama would have to sign off, too. Just like they did in 2010.

    So it is a little puzzling how this tax cut extension topic is now just a GOP thingy....?


    “Build a man a fire, and he'll be warm for a day. Set a man on fire, and he'll be warm for the rest of his life.”

Posting Permissions

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