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

  1. #341
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Misterveritis View Post
    In the past the peasants marched on the castle with pitchforks.

    Didn't Hitler rise to power in just this sort of environment?
    This is true, and there is a fine line between chaos and order although I would be more worried about a rise of a soft tyranny opposed to a hard tyranny. My comment was meant through due process of course, after all we the people are the true wardens of power.

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

    Quote Originally Posted by Flyersfan314 View Post
    The recession was ending before WW2.
    Recession of 1937

    Also this 3.7T budget that was voted down 97-0 was never supposed to pass in the first place.
    nonsense

    Obama budget projects record $1.6 trillion deficit

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

    Quote Originally Posted by AdamT View Post
    What you cannot do is fix the problem with spending cuts alone.
    andrew cuomo, jan 5:

    "we have to relearn the lesson our founders knew and we have to put up a sign that says new york is open for business, we get it, and this is going to be a business friendly state"

    "we have to hold the line on taxes for now and reduce taxes in the future, new york has no future as the tax capital of the nation, our young people will not stay, our business will not come"

    "put it simply, the people of this state simply cannot afford to pay any more taxes, period"

    link above

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

    Quote Originally Posted by Sheik Yerbuti View Post
    They damaged Obama.
    he did it to himself

    President's budget sinks, 97-0 - TheHill.com

    leadership, anyone?

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

    Quote Originally Posted by Goldenboy219 View Post
    Economic history is lacking a bit eh?

    Progressive taxation was originally discussed by Adam Smith.
    Certainly. Radical Karl's argument was for a steeply progressive income tax. Look carefully at my post and you will see that. His goal, and the Marxist president Obama's goal, is the destruction of capital in order to advance the society to revolution. Smith was concerned with funding government.

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

    Quote Originally Posted by Mr. Invisible View Post
    The Dems were willing to compromise.
    73% of republicans voted FOR the compromise vs exactly half of the party of pelosi

    indeed, more tea partiers proportionally (23 to 17) voted AGAINST DEFAULT

    How Different Groups Voted on the Debt Bill - Graphic - NYTimes.com

  7. #347
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by obvious Child View Post
    What makes you think that this hasn't already been priced into the market? The only real way this matters is if institutions have to sell out from treasuries in a large way. Furthermore, rational people saw what Obama was willing to give. The GOP basically could not say yes to virtually anything, even cuts they would have considered too much themselves 5 years ago.
    The GOP won the election. They weren't the ones that were in a position to forced into a deal that they didn't agree with.

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

    Quote Originally Posted by AdamT View Post
    Of course! The fact that 80+% of Americans think that Congress should engage in more compromise is reason NOT to compromise. If you are a republican....
    Opportunities for leverage do not occur every day. One must take advantage of them when one can.

    If you think that polled majorities should drive policy do you agree with me and the roughly 60% of Americans that Obamacare should be repealed?

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

    Quote Originally Posted by obvious Child View Post
    So we need to raise taxes on the poor and lower them on the rich?
    We need to tax everyone, including the poor. So you have it exactly right. In this way we can step back from the looming "tragedy of the commons."
    Quote Originally Posted by obvious Child View Post
    Do you have any concept of the marginal propensity to save or spend?
    Does it matter? People who do not have to pay for a thing will want as much of it as they can get. That is what has happened. That is why were are here.
    Quote Originally Posted by obvious Child View Post
    So this changes things how? If you get unemployment, you pay taxes.
    If you are a net provider of tax dollars you get to vote. If you are a net consumer of taxes then you don't.
    Quote Originally Posted by obvious Child View Post
    If you have a legal job, you pay FICA.
    But we have been told that social security contributions are not taxes. They are contributions toward our retirement. So for this purpose let's buy the lie a bit longer.
    Quote Originally Posted by obvious Child View Post
    So changing voting to those who pay taxes doesn't change much of anything.
    It changes a great deal. When the people who pay the taxes vote but the people who consume our taxes cannot we will bring the nation's spending back in line.
    Quote Originally Posted by obvious Child View Post
    Unless you were being a dishonest user and imply only income tax is a real tax and that payroll which is almost the same amount in taxes doesn't exist...but then you'd be really dishonest.
    If you want to eliminate the farce that the social security taxes are contributions and agree that social security is a welfare program then I would revise my argument. But you are not likely to, are you?

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


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