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

  1. #61
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Khayembii Communique View Post
    Increased revenues would have gone further towards balancing the budget, is all I'm saying.
    Hardly. Every time we increase revenue, spending manages to go up with it. The only solution is to eliminate deficit spending. The Balanced Budget Amendment just got the greatest promotional material possible.
    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

    Hardly. Every time we increase revenue, spending manages to go up with it.
    Okay, then answer a single question for me, please:

    What happens if revenue increases while spending decreases?
    "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 ksu_aviator View Post
    Hardly. Every time we increase revenue, spending manages to go up with it. The only solution is to eliminate deficit spending. The Balanced Budget Amendment just got the greatest promotional material possible.
    yeah, and its DOA when it hits the Senate.

  4. #64
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    Re: United States loses its AAA Credit rating from S & P

    It doesn't matter how muc htye receive in taxes - it's what they DO with it that counts.

    The government is a horrid manager of it's monies - it could be crisp and proper if it so desired but it doesn't. Being populated by a bunch of rich snobs - the ydon't know how to manage money to save their lives. . . anything goes.

    Edit: here - here - I found their theme song. . .


    Yi wang si-i wa ye kan dao
    Xin li bian yao la jing bao jin tian zhi
    Dao
    Anything goes

    In English
    Last edited by Aunt Spiker; 08-05-11 at 11:54 PM.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  5. #65
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Aunt Spiker
    It doesn't matter how muc htye receive in taxes
    Really? Because I thought one's account balance was:

    Current Balance + Earnings - Expenditures
    "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 Thunder View Post
    This is 100% untrue and reaks of GOP lies.
    What else was it? The tech bubble? I'm sorry, but salaries don't drop and consumer spending doesn't drop because one sector of stocks does poorly. The booming economy slowed because we drained it of cash. Pure and simple.
    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 Khayembii Communique View Post
    Okay, then answer a single question for me, please:

    What happens if revenue increases while spending decreases?
    We'll never know. You can't give government more money and expect them to spend less.
    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

    We'll never know. You can't give government more money and expect them to spend less.
    You didn't answer the question because it's obvious to anyone that knows how to do simple algebra.
    "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 Thunder View Post
    yeah, and its DOA when it hits the Senate.
    Before today, yes. After...maybe not.
    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.”

  10. #70
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Khayembii Communique View Post
    You didn't answer the question because it's obvious to anyone that knows how to do simple algebra.
    I didn't answer the question because it won't happen and that is not algebra.
    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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