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

  1. #41
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by digsbe View Post
    And lowering taxes on the highest bracket by 5% doesn't give us the revenue we need to pay off trillions in deficit? The main problem is increased and monstrous spending.
    No, it's spending AND earning!

    You cannot just cut the spendings and hope that the economy will grow, you have to do both.


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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.
    Can you expound upon this more?
    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

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

    Quote Originally Posted by digsbe View Post
    Can you expound upon this more?
    my guess is he can/will not expound more on what he said as it is nonsense.

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

    Quote Originally Posted by digsbe View Post
    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.
    Not according to the S&P. You can keep on blaming everyone except the Tea-Publicans. But it is 100% their fault. I will post this again:

    Let me explain why this wouldnt have happened IF the congress raised taxes on the wealthy.....
    What did Boehner say he got? 98% of what REPUBLICANS wanted.
    Now why did the S&P lower the credit rating?
    Because the REPUBLICANS GOT WHAT THEY WANTED!
    And the Dems DIDNT!
    Now..... go back and read WHY the S&P lowered the credit rating:
    view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

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

    Not according to the S&P. You can keep on blaming everyone except the Tea-Publicans. But it is 100% their fault.
    Both parties in both houses of congress and the executive agreed to it. It is all of their faults.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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

    Quote Originally Posted by The Giant Noodle View Post
    Not according to the S&P. You can keep on blaming everyone except the Tea-Publicans. But it is 100% their fault. I will post this again:

    Let me explain why this wouldnt have happened IF the congress raised taxes on the wealthy.....
    What did Boehner say he got? 98% of what REPUBLICANS wanted.
    Now why did the S&P lower the credit rating?
    Because the REPUBLICANS GOT WHAT THEY WANTED!
    And the Dems DIDNT!
    Now..... go back and read WHY the S&P lowered the credit rating:
    view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.
    The reason S&P downgraded the U.S. is based on how likely the U.S. is able to pay down our debt. Making it an ideological is nonsense.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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

    Quote Originally Posted by The Giant Noodle View Post
    Not according to the S&P. You can keep on blaming everyone except the Tea-Publicans. But it is 100% their fault. I will post this again:

    Let me explain why this wouldnt have happened IF the congress raised taxes on the wealthy.....
    What did Boehner say he got? 98% of what REPUBLICANS wanted.
    Now why did the S&P lower the credit rating?
    Because the REPUBLICANS GOT WHAT THEY WANTED!
    And the Dems DIDNT!
    Now..... go back and read WHY the S&P lowered the credit rating:
    view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.
    No Noodle, you can't blame it 100% on Tea Party Republicans. By the way, you do realize that many Tea Party Republicans opposed the bill? You also realize that the Dems approved of it and Obama signed it into law right? Neither party got what they wanted, both parties agreed to it and Obama signed it. So if the Dems had their way there would be no downgrade right?
    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

  8. #48
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    Re: United States loses its AAA Credit rating from S & P

    Maybe this would be pertinent here:

    IRS: Not enough rich to cover the deficit « Don Surber
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

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

    Quote Originally Posted by mertex View Post
    The United States had just lost its AAA credit rating from S&P, and they have announced that another downgrade may be coming within the next 12/18 months.

    The debt ceiling scenario was the chief source of market angst in the last few months, and the GOP was wrong to use it as leverage to achieve some of the things they were demanding. Now the whole country will feel the negative effects. Will others follow S&P?

    United States loses AAA credit rating from S & P
    NEW YORK | Fri Aug 5, 2011 8:19pm EDT
    Aug 5 (Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.

    S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.

    U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the UK, Germany, France or Canada.

    The outlook on the new U.S. credit rating is negative, S&P said in a statement, a sign that another downgrade is possible in the next 12 to 18 months. (Reporting by Walter Brandimarte; Editing by Jan Paschal)


    United States loses AAA credit rating from S&P | Reuters
    Just save the partisan bull**** will you? Harry Reid hasn't passed a budget in years. We lost our AAA because the spending cuts weren't large enough.
    "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)
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  10. #50
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by American View Post
    Just save the partisan bull**** will you? Harry Reid hasn't passed a budget in years. We lost our AAA because the spending cuts weren't large enough.
    If you read the report and the referenced material it becomes clear (at least to me) that the S&P was upset with the obligations, not the revenue.
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

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