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

  1. #831
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by sangha View Post
    Clinton increased taxes and put 22 million to work.
    That certainly is your opinion that defies history but don't let that stop you from being wrong on yet another issue. There weren't 22 million jobs created during the Clinton Administration but we did have the dot.com bubble that burst in late 2000 and led to the recession of March 2001. Keep ignoring factual data to spout your talking points. By the way didn't Obama inherit a AAA credit rating from Bush?

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

    Quote Originally Posted by Conservative View Post
    Who is "ours?" You believe that income earned by private citizens belongs to the govt? No wonder people are fleeing NY.
    Rightwingers don't know the meaning of the word "ours"
    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 Conservative View Post
    Waiting for an answer to the question, how do tax increases put 25 million unemployed or employed Americans back to work or do you even care?
    Timing is everything. The key is to increase taxes once U-3 unemployment reaches a more acceptable level (such as 7.5%).
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Conservative View Post
    That certainly is your opinion that defies history but don't let that stop you from being wrong on yet another issue. There weren't 22 million jobs created during the Clinton Administration but we did have the dot.com bubble that burst in late 2000 and led to the recession of March 2001. Keep ignoring factual data to spout your talking points. By the way didn't Obama inherit a AAA credit rating from Bush?
    Rightwingers can't handle the facts, like how clinton created 22 million jobs and bush* destroyed jobs and the economy
    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 Goldenboy219 View Post
    Federal revenue in terms of output is at a historic low; levels of this sort come about during the most strenuous of economic conditions (it happened in the 1930's). Can you identify why this is the case?
    Yes, what do you expect when 65 million Americans earning income aren't paying taxes and 25 million unemployed or under employed Americans are paying very little in FIT? How does raising taxes put the unemployed back to work paying full taxes?

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

    Quote Originally Posted by Conservative View Post
    It really is amazing that individuals who apparently have never run a business always know what is best for those that do. These same individuals always know what someone else spends and needs in the form of personal income. Unlike the govt. businesses cannot print money so they have to earn it and tax hikes, regulations, Obamacare increase costs of hiring and thus they aren't going to do it.
    Judging from the content of your post(s), i would say you have never ran a business. But who knows with this internetz thing....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by sangha View Post
    Rightwingers can't handle the facts, like how clinton created 22 million jobs and bush* destroyed jobs and the economy
    Then you shouldn't have any problem showing BLS data that shows 22 million jobs created? What does that have to do with the thread topic however. Didn't Obama inherit a AAA credit rating from Bush?

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

    Quote Originally Posted by Goldenboy219 View Post
    Judging from the content of your post(s), i would say you have never ran a business. But who knows with this internetz thing....
    Didn't Obama inherit a AAA rating from Bush?

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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 Conservative View Post
    Yes, what do you expect when 65 million Americans earning income aren't paying taxes and 25 million unemployed or under employed Americans are paying very little in FIT? How does raising taxes put the unemployed back to work paying full taxes?
    You just stated that there is a tax deficiency..... in the bold. Raising taxes at a later date is guaranteed! Cutting government spending will in fact cause total output to decrease on a per-dollar basis. Financial recessions are tricky!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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