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Thread: 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 The Prof View Post
    Isn't this what Republicans/conservatives want?

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

    the deficit for february, 2011, alone was greater than all federal borrowing in fiscal 2007

    U.S. sets $223B deficit record - Washington Times

    Deficit for Fiscal 2007 Slides - Real Time Economics - WSJ

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

    Quote Originally Posted by Conservative View Post
    And get it all back in a refund so your net is zero. Is that what liberals believe is fair share?
    How do they get it back? How do you do that on Form 1040??

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

    Quote Originally Posted by The Prof View Post
    the deficit for february, 2011, alone was greater than all federal borrowing in fiscal 2007

    U.S. sets $223B deficit record - Washington Times

    Deficit for Fiscal 2007 Slides - Real Time Economics - WSJ
    What's the interest rate on Treasury's ???

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

    Quote Originally Posted by pbrauer View Post
    How do they get it back? How do you do that on Form 1040??
    Ask the IRS, they put out the numbers. Amazing how you ignore reality. Let's get back on track, Obama inherited an AAA rating from Bush that is now AA+, the first downgrade in history. That is a fact that has to be addressed an you haven't done that? You believe it is a revenue problem yet since Obama took office the debt has grown 4 trillion dollars taking us to almost 100% of GDP. That is what liberal Obama supporters want to ignore

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

    Quote Originally Posted by pbrauer View Post
    What's the interest rate on Treasury's ???
    Low interest rates keep the debt service low, higher interest rates will bankrupt the country and get you closer to what you seem to want, a European style economy that has failed.

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

    obama includes much stimulus spending in his budget baseline

    Stimulus Proposals in the President's Budget | Committee for a Responsible Federal Budget

    do you know the crfb?

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

    Quote Originally Posted by pbrauer View Post
    We do have a revenue problem, before Bush's tax cuts our nation was well on our way of solving the debt problem. Besides, the Federal government should spend money to improve our nation. President Eisenhower did it in the '50's when he built the Interstate Highway system
    I'm sorry, I fail to see how we were on our way to solving our debt problem before the Bush tax cuts . during the 8 years of Clinton, we still added 1.5 trillion dollars to our debt load, that was with an increase in taxes .

    So your opinion of fixing our debt problem is increasing taxes, then adjust spending so you are still spending more than what is taken in ?? I guess only in the mind of a liberal does that work.

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

    Quote Originally Posted by The Barbarian View Post
    I'm sorry, I fail to see how we were on our way to solving our debt problem before the Bush tax cuts …. during the 8 years of Clinton, we still added 1.5 trillion dollars to our debt load, that was with an increase in taxes ......
    what was the budget deficit in 2000?

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

    Quote Originally Posted by Thunder View Post
    what was the budget deficit in 2000?
    Let's see if you can figure it out and then explain the affects of the Clinton recession

    Debt by year


    09/30/2010 13,561,623,030,891.79
    09/30/2009 11,909,829,003,511.75
    09/30/2008 10,024,724,896,912.49
    09/30/2007 9,007,653,372,262.48
    09/30/2006 8,506,973,899,215.23
    09/30/2005 7,932,709,661,723.50
    09/30/2004 7,379,052,696,330.32
    09/30/2003 6,783,231,062,743.62
    09/30/2002 6,228,235,965,597.16
    09/30/2001 5,807,463,412,200.06
    09/30/2000 5,674,178,209,886.86



    09/30/1999 5,656,270,901,615.43
    09/30/1998 5,526,193,008,897.62
    09/30/1997 5,413,146,011,397.34

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