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

  1. #531
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    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.
    Well it's good to hear a liberal finally admitting that Bush didn't create this mess we are in huh ? after all you say Government doesn't control the economy right ?

    So tell me why are you holding onto the need for tax increases? after all you can't prove that they do anything for the economy now can you ?

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

    The entire nation will be blaming Obama, why??? guess who is (supposedly) in charge?? but Obama does not want to take any blame for anything, it's everybody's fault except his.
    Catch me if you can.

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

    Quote Originally Posted by The Barbarian View Post
    Well it's good to hear a liberal finally admitting that Bush didn't create this mess we are in huh ? after all you say Government doesn't control the economy right ?

    So tell me why are you holding onto the need for tax increases? after all you can't prove that they do anything for the economy now can you ?
    Never said Bush created the problem with the economy. He certainly spent, and two wars were not helpful, but no president controls the economy. That said, if you're goign to try and blame Obama, you have to include Bush in order to be logical in any way.

    As for tax increases, the debt is huge. One single approach is less likely to be effective as a multiple approach. Shared sacrifice means shared. Cuts will mostly hurt those towards the bottom. I accept this will be needed. So, share the burden. The top as well should ante up. Tax increases are not about helping the economy or providing jobs, but about reducing the debt. other factors will rule the economy, few of which have anything to do with the government.

    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
    Expert? Are you not just as certain of your position? As for voting, are you saying that every election has always produced the best possible results and never has gone contrary to the evidence? really?
    What evidence? Are you claiming that op ed pieces from people with an agenda is factual evidence but elections aren't? Seems to me that facts get in the way of your opinion. Find out what happened in Nov. 2010 and then pay attention to what happened in 2011. How anyone can support Obama is beyond me.

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

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

    Quote Originally Posted by Boo Radley View Post
    So, if he says something you disagree with, he's still correct, right?
    you're asking ME?

    LOL!

    how petty is your perspective

    the PEOPLE OF NEW YORK apparently agree with him

    hello

    Andrew Cuomo approval sky-high, new poll suggests - Jennifer Epstein - POLITICO.com

    Cuomo budget: $10 billion deficit cut, no new taxes, layoffs likely

    Top Republican and Democratic states according to Gallup - Mackenzie Weinger - POLITICO.com

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

    Again, if he is always right, just say he is always right. And then we'll see if you actually do accept everythign he says.

    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 sangha View Post
    The rightwing thinks the first $10T of debt, racked up by repubs, has nothing to do with the downgrade
    Nice spin, who said that the first 10 trillion was a good thing? How did that lead to another 4 trillion added to the debt? obama put Bush spending on steroids and yet that is fine with you?

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

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


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

    Quote Originally Posted by Boo Radley View Post
    Never said Bush created the problem with the economy. He certainly spent, and two wars were not helpful, but no president controls the economy. That said, if you're goign to try and blame Obama, you have to include Bush in order to be logical in any way.

    As for tax increases, the debt is huge. One single approach is less likely to be effective as a multiple approach. Shared sacrifice means shared. Cuts will mostly hurt those towards the bottom. I accept this will be needed. So, share the burden. The top as well should ante up. Tax increases are not about helping the economy or providing jobs, but about reducing the debt. other factors will rule the economy, few of which have anything to do with the government.
    Thank you, then you should agree, that any increase in taxes, should be used for the single purpose of paying down our debt and nothing else correct ? You would go along with any tax increase is to be applied to only the principal of our debt, and not be used for any other purpose?

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

    Quote Originally Posted by sangha View Post
    Reagan nearly doubled fed spending from 590.9B to 1,064.4B
    Historical Federal Receipt and Outlay Summary
    Aw for a 2.6 trillion dollar debt today? Obama inherited an AAA rating from Bush and saw it downgraded. That is now on the Obama resume along with his record.

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

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