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

  1. #511
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    And business holding a state hostage, getting all kinds of breaks, and than shipping jobs overseas anyway, for the low, low, low wages, cannot not be appeased enough.
    Obama Picks Jeffrey Immelt, GE CEO, To Run New Jobs-Focused Panel As GE Sends Jobs Overseas, Pays Little In Taxes

    obama's gotta go

    it starts at the top---charlie mccarthy

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

    Quote Originally Posted by Conservative View Post
    Liberals love to talk about the mess that Obama inherited yet never talk about the AAA rating he inherited. He is the first President to oversea the decline in our credit rating. Most liberals don't seem to understand that spending as a percent of GDP is close to 100% due to the 4 trillion added to the debt during the Obama term yet they still want more tax revenue to fund the liberal spending appetite. That just shows how intellectually bankrupt liberals are.
    The rightwing thinks the first $10T of debt, racked up by repubs, has nothing to do with the downgrade
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  3. #513
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    you cannot ignore the polticial (sic)
    you sure can't

    LOL!

    44 dem senators voted for the extension

    Senate passes package extending Bush tax cuts - politics - Capitol Hill - msnbc.com

  4. #514
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by The Barbarian View Post
    I disagree .... conservatives use to have that core value, of a smaller more efficient government, and lower taxes for all as welll, did they get away from it, hell yes they did, I've admitted that several times, it does appear at this time, that some of the newly elected republicans are getting back to that sort of core value... for that I can respect them.

    As for the Bush tax cuts, I have mixed feelings, on the one hand with the dot com bubble ending, and with 9/11 happening so soon after, we needed something to jump start our economy, and it did seem to do that ... as we had pretty good growth until 2007 ... on the other hand ... going into war, you know that spending is going to increase. So were tax cuts healthy, thats just hard to say.

    I can argue until I'm blue in the face that the tax cuts helped spur growth in our economy, but that can never be proven, you can argue that the tax cuts didn't spur growth in our economy, and can't prove that either. All that can be said is that after the tax cuts our economy did jump ..... why can be debated forever.
    I think there is a difference between conservatives and republicans. I don't think republicans hold any such core value. Like democrats, they go the way of the most money spent on them and who they are beholden to.

    I would ask you, why hold on to something you say can't be proven? If it was clear cut that tax cuts spur growth (create jobs), wouldn't the evidence clearly support it? Government doesn't control the economy, and can't, unless they are given control over the economy. Government can't create jobs, unless they do the hiring.

    Politicians will say what they have to, and are only vigilent when it hurts the other party. We've seen both parties do nothing when they have all the power.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Conservative View Post
    Not big enough? How about spending it in the wrong areas? Did Reagan implement a 787 billion dollar stimulus plan to get us out of a worse recession than the Dec. 2007-June 2009 recession? NO, he implemented the right stimulus by putting money into the hands of the consumer.
    Reagan nearly doubled fed spending from 590.9B to 1,064.4B
    Historical Federal Receipt and Outlay Summary
    Last edited by sangha; 08-11-11 at 06:13 PM.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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

    Quote Originally Posted by ksu_aviator View Post
    Why would that even been important? The question isn't how the money was gained, but whether the government should have the right to penalize people that haven't committed a crime.
    Taxes aern't a punishment. They're the price for living in a civilized nation
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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

    Quote Originally Posted by Boo Radley View Post
    There was and is no reason it can't be done.
    put it simply, the people of this state simply cannot afford to pay any more taxes, period

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

    Quote Originally Posted by Conservative View Post
    What kind of compromise is that when you punish one group of people or class? You want revenue, 70 million Income earners are paying zero in Federal Income taxes. Are they paying their fair share?
    And another rightwinger tosses the principle of lowering taxes under the bus in order to win an internet debate

    Rightwingers have no principles; just slogans they discard when their convenience disappears
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  9. #519
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by The Prof View Post
    put it simply, the people of this state simply cannot afford to pay any more taxes, period
    Says who? All the people? You know what each and every person can afford? Hell, you're good. (not)

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    I argue both hold blame.
    it starts at the top

    leadership, anyone?

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