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

  1. #841
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    Didn't Obama inherit a AAA rating from Bush?
    What does that have to do with what goldenboy said?

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

    Quote Originally Posted by AdamT View Post
    The point of raising taxes is to reduce the deficit
    Obama Says Raising Taxes Not About Revenue But About Fairness - Katie Pavlich

    know the man

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

    Quote Originally Posted by Goldenboy219 View Post
    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!
    Govt. spending is a small component of GDP dwarfed by consumer spending and consumption. I will never support raising taxes until that 3.7 trillion dollar govt. is significantly reduced starting with rolling back spending to pre 2008 levels.

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

    Quote Originally Posted by Conservative View Post
    The link is easy, here is a link from a site that I know you are familiar with. Now take the 47% times the BLS number of actual income earners which is almost 140 million

    Half of Americans pay no federal income tax - Business - Personal finance - Tax Tactics - msnbc.com

    now I am waiting for an answer to my first question, why did Democrats renege on their promise to cut $3 in spending for every $1 in tax increases by GHW Bush?
    First of all, the 47% number is not accurate, so the calculation is inaccurate.

    As for GHW Bush, it's pretty funny that you want to ignore W but go back three presidents to try and make your argument. Regardless, your memory seems to be flawed. Bush I initially proposed a balanced deficit reduction deal that included both spending cuts and tax increases. That package was defeated by REPUBLICANS. Democrats never agreed to 3:1 spending cuts.

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

    Now there you go again, links that liberals will ignore. Fairness to a liberal is 65 million not paying any FIT

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

    Quote Originally Posted by AdamT View Post
    Do you have any links for these figures you're citing?
    look who's talking

    LOL!

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

    Quote Originally Posted by AdamT View Post
    First of all, the 47% number is not accurate, so the calculation is inaccurate.

    As for GHW Bush, it's pretty funny that you want to ignore W but go back three presidents to try and make your argument. Regardless, your memory seems to be flawed. Bush I initially proposed a balanced deficit reduction deal that included both spending cuts and tax increases. That package was defeated by REPUBLICANS. Democrats never agreed to 3:1 spending cuts.
    So the IRS is lying to us again. MSNBC Lying? Yahoo Finance lying? Only liberals tell the truth? You say it isn't accurate why? Prove it just like I proved with links that it happened.

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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?
    Clinton raised taxes and created 22 million jobs and a growing economy. bush* cut taxes and destroyed millions of 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 Conservative View Post
    So the IRS is lying to us again. MSNBC Lying? Yahoo Finance lying? Only liberals tell the truth? You say it isn't accurate why? Prove it just like I proved with links that it happened.
    No, they aren't lying -- they, and you, are using 2009 figures instead of the most recent figures from 2010 which put the figure at 45%. 45% of households owe no federal income tax for 2010 - Apr. 17, 2011

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