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United States loses its AAA Credit rating from S & P

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So where is the Obama plan on paper to solve the debt rating problem?

It has to be on paper? Once you get that, will you then say it must be offcially considered by congress? And then what? It must be adopted first? Just saying . . . . :coffeepap
 
Don't discount the fact that one of the Republican front runners -- winner of the Iowa straw poll -- takes the astonishingly irresponsible position that the United States of America SHOULD renege on its debt obligation. Just when I thought I'd seen it all....
 
It has to be on paper? Once you get that, will you then say it must be offcially considered by congress? And then what? It must be adopted first? Just saying . . . . :coffeepap

Yes, it has to be on paper or Obama and his supporters will not remember their promises or plan. Obama says a lot of things that supporters forget but they cannot forget what he has on paper.
 
Don't discount the fact that one of the Republican front runners -- winner of the Iowa straw poll -- takes the astonishingly irresponsible position that the United States of America SHOULD renege on its debt obligation. Just when I thought I'd seen it all....

Where did any Republican say that? Are you really this partisan that you have to spout lies? There was no reneging on obligations nor were there any real cuts in spending thus the downgrade.
 
Yes, it has to be on paper or Obama and his supporters will not remember their promises or plan. Obama says a lot of things that supporters forget but they cannot forget what he has on paper.

Not to be considered or discussed. Only what they vote on needs to be on paper.
 
Uh-huh.

I believe this downgrade is a great thing for the country. It focuses one's attention. We must get back to Constitutionally-limited government.

Of course the irony in all this is that, since the downgrade, demand for US Treasuries has skyrocketed, sending yields to near-historic lows. In the latest auction for 10 year notes demand outstripped supply 3:1.
 
Only what they vote on needs to be on paper.

no kidding, karl

it's been 3 years since the party in power in the us senate passed a budget

in times like these

embarrassing?
 
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Not to be considered or discussed. Only what they vote on needs to be on paper.

What is there to consider if it isn't on paper? There has been no official or even unofficial proposal by Obama.
 
Not raising the debt ceiling doesn't mean default. Stop buying the rhetoric

Of course it means default.

"Definition of DEFAULT

1. : failure to do something required by duty or law"

If we hadn't raised the debt ceiling we would have been unable to meet our existing financial obligations.
 
Of course the irony in all this is that, since the downgrade, demand for US Treasuries has skyrocketed, sending yields to near-historic lows. In the latest auction for 10 year notes demand outstripped supply 3:1.
I read a paper sometime over the last few days that indicated this sort of buying is to be expected. No one expects us to actually default. But for the few instances in history over the last 200 years where the debt to GDP exceeded 80% eventually the sovereign defaulted. And where are we today? 100%.
 
Uh-huh.

I believe this downgrade is a great thing for the country. It focuses one's attention. We must get back to Constitutionally-limited government.
This is a great country, you have every right to believe what you want to believe. The Constitution gives power to the people or at least to their elected representatives. Where is there a limit in the Constitution? A figment of your imagination? lol
 
S&P: Debt default skeptics fueled ratings downgrade - Josh Boak - POLITICO.com

Read it conservatives:

A Standard & Poor’s director said for the first time Thursday that one reason the United States lost its triple-A credit rating was that several lawmakers expressed skepticism about the serious consequences of a credit default — a position put forth by some Republicans.

Without specifically mentioning Republicans, S&P senior director Joydeep Mukherji said the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a potential default,” Mukherji said.​



Read more: S&P: Debt default skeptics fueled ratings downgrade - Josh Boak - POLITICO.com

It is impossible for the U.S. to currently default. We can print all the money we want to. Maybe the reason S&P didn't specifically mention Republican's was because they weren't the major promoters of the idea of a default?

“people in the political arena were even talking about a potential default,”

Obama didn't talk about this?

How about Timmy?

However, should Republicans hold out on increasing the nation’s borrowing limit in an effort to enact their budget resolution, which dramatically cuts spending on the poor and elderly and taxes for the wealthy, Geithner said the GOP would “own” the ensuing economic consequences, which include a potential default on the government’s debt.

Geithner, Defending Obama Plan, Says GOP Owns Potential U.S. Default - Tim Fernholz - NationalJournal.com
 
Of course it means default.

"Definition of DEFAULT

1. : failure to do something required by duty or law"

If we hadn't raised the debt ceiling we would have been unable to meet our existing financial obligations.

That is ridiculous and just part of the misinformation being spread by the left and bought by the minions that want to believe the rhetoric. Cutting expenses enough wouldn't have required an increase in the debt ceiling. Paying debt service on the debt, our military, our seniors, SS/Medicare wasn't even an issue. the liberal elite are laughing their asses off at people like you buying the lies
 
It is impossible for the U.S. to currently default. We can print all the money we want to. Maybe the reason S&P didn't specifically mention Republican's was because they weren't the major promoters of the idea of a default?

“people in the political arena were even talking about a potential default,”

Obama didn't talk about this?

How about Timmy?

However, should Republicans hold out on increasing the nation’s borrowing limit in an effort to enact their budget resolution, which dramatically cuts spending on the poor and elderly and taxes for the wealthy, Geithner said the GOP would “own” the ensuing economic consequences, which include a potential default on the government’s debt.

Geithner, Defending Obama Plan, Says GOP Owns Potential U.S. Default - Tim Fernholz - NationalJournal.com

Seriously, try to maintain at least a trace amount of credibility. Something that can at least be detected by scanning electron microscope.
 
That is ridiculous and just part of the misinformation being spread by the left and bought by the minions that want to believe the rhetoric. Cutting expenses enough wouldn't have required an increase in the debt ceiling. Paying debt service on the debt, our military, our seniors, SS/Medicare wasn't even an issue. the liberal elite are laughing their asses off at people like you buying the lies

I'll just write it off to ignorance and Fox News.

Next.
 
Of course it means default.

"Definition of DEFAULT

1. : failure to do something required by duty or law"

If we hadn't raised the debt ceiling we would have been unable to meet our existing financial obligations.

Not true. We could have meet everything we are obligated to. We are not obligated to bomb Iraq, Afghanistan and Libya. We are not obligated to many of the things we pay for, we choose to. Even then, with a simple vote, we are no longer obligated to spend on things we said we would.
 
Seriously, try to maintain at least a trace amount of credibility. Something that can at least be detected by scanning electron microscope.

Dismissed.
 
I'll just write it off to ignorance and Fox News.

Next.

Prove to me there would be a default of our obligations. When confused bring up Fox News! That is typical liberal scare tactics void of facts. Our only real obligations are to our seniors, to our military, and to our debt service. There is more than enough revenue to pay those obligations coming into the govt. daily. I gave you the breakdown on another thread, you obviously ignored it
 
This is a great country, you have every right to believe what you want to believe. The Constitution gives power to the people or at least to their elected representatives. Where is there a limit in the Constitution? A figment of your imagination? lol

Why do you laugh? This is a tragedy not a comedy. It does not have a happy ending. Tyranny never does.
 
It is impossible for the U.S. to currently default. We can print all the money we want to. Maybe the reason S&P didn't specifically mention Republican's was because they weren't the major promoters of the idea of a default?

“people in the political arena were even talking about a potential default,”

Obama didn't talk about this?

How about Timmy?

However, should Republicans hold out on increasing the nation’s borrowing limit in an effort to enact their budget resolution, which dramatically cuts spending on the poor and elderly and taxes for the wealthy, Geithner said the GOP would “own” the ensuing economic consequences, which include a potential default on the government’s debt.

Geithner, Defending Obama Plan, Says GOP Owns Potential U.S. Default - Tim Fernholz - NationalJournal.com

This begs the the question: Why is there a statuary debt limit? The 14th Amendment says our debt can't be questioned. Why wasn't President given a clean bill like all other Presidents have had? There were two issues the debt ceiling and budget negotiations - the Republcans connected the two.
 
He's going to adopt this one maybe that creates a **** load of government jobs and calls them "corps". I can't see him bringing up one of his own.

Jan Schakowsky Announces New Budget Plan With Focus On Jobs


Something every red...err... red blooded socialist can get behind!

The only way government can control jobs is to hire folk. Otherwise, you have to stop blaming the government for the unemployment. :coffeepap
 
He's going to adopt this one maybe that creates a **** load of government jobs and calls them "corps". I can't see him bringing up one of his own.

Jan Schakowsky Announces New Budget Plan With Focus On Jobs


Something every red...err... red blooded socialist can get behind!

Right up the alley of many of the liberal indviduals in this forum who cannot seem to compete in a free enterprise economy. Now isn't that special, addition to the corpse as Obama called the corps.
 
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