Page 89 of 207 FirstFirst ... 3979878889909199139189 ... LastLast
Results 881 to 890 of 2065

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

  1. #881
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:25 PM
    Gender
    Lean
    Conservative
    Posts
    67,264

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

    Quote Originally Posted by sangha View Post
    Clinton raised taxes, grew the economy and created 22 million jobs. bush* inherited a growing economy and destroyed millions of jobs and the economy with his tax cuts and big spending, big govt policies

    bsuh* 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 cause a credit downgrade
    Amazing how you post Obama results with Bush's name on them and call them terrible but ignore the actual Obama results. So if those results with Bush's name on them are so bad what do you think of the actual Obama results that have occurred 2 1/2 years after he took office

    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!

  2. #882
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:25 PM
    Gender
    Lean
    Conservative
    Posts
    67,264

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

    Quote Originally Posted by evanescence View Post
    So your answer to the budget problems is to raise taxes on people who can't afford it?
    My answer to the budget problem is to reduce the 3.7 trillion dollar yearly expenses of the Federal govt. and then grow the economy thus govt. revenue. Obama has no plan to do that

  3. #883
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:25 PM
    Gender
    Lean
    Conservative
    Posts
    67,264

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

    Quote Originally Posted by AdamT View Post
    Budgets are determined for the next year -- not the current year. Bush left a $1+ trillion deficit and there was absolutely nothing Obama could do about that.
    Budgets are determined but the Bush budget didn't project a 1.2 trillion dollar deficit. TARP is included in that deficit and Obama supported TARP and spent some of the money. In addition TARP repayments were made in 2009 but never credited to the Bush deficits. Wonder why? Budgets created don't have to be spent unless of course you are in the Federal govt.

  4. #884
    ˇSelah!
    Alyssa's Avatar
    Join Date
    Aug 2009
    Location
    southern and midwestern United States where Protestant fundamentalism is dominant
    Last Seen
    05-07-14 @ 09:55 PM
    Gender
    Lean
    Independent
    Posts
    8,648
    Blog Entries
    2

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

    Quote Originally Posted by Conservative View Post
    My answer to the budget problem is to reduce the 3.7 trillion dollar yearly expenses of the Federal govt. and then grow the economy thus govt. revenue. Obama has no plan to do that
    How would you plan to grow the economy? Apparently, the trickle down theory is bunk, so what next?

    I believe that creating industry that cannot be outsourced is a good start.
    “In politics, stupidity is not a handicap.” -Napoleon

  5. #885
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:25 PM
    Gender
    Lean
    Conservative
    Posts
    67,264

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

    Quote Originally Posted by evanescence View Post
    How would you plan to grow the economy? Apparently, the trickle down theory is bunk, so what next?

    I believe that creating industry that cannot be outsourced is a good start.
    by reducing tax rates on businesses and providing incentive for businesses to put 25 million people back to work. We had increasing revenues when Reagan increased employment by 17 million, when Clinton increased employment thanks to the GOP Congress, and Bush fully implemented his tax cuts. Tax cuts put money into the hands of the consumer and they make growing the economy a lot easier. A growing economy creates more govt. revenue.

    http://rubio.senate.gov/public/index...-new-taxpayers

    “We don't need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. Then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again. That's what we should be focused on, and that's what we're not focused on.

    “You look at all these taxes being proposed, and here's what I say. I say we should analyze every single one of them through the lens of job creation, issue number one in America. I want to know which one of these taxes they're proposing will create jobs. I want to know how many jobs are going to be created by the plane tax. How many jobs are going to be created by the oil company tax I heard so much about. How many jobs are created by going after the millionaires and billionaires the president talks about? I want to know: How many jobs do they create?

  6. #886
    Advisor Polotick's Avatar
    Join Date
    Jul 2011
    Last Seen
    08-17-11 @ 10:46 AM
    Gender
    Lean
    Undisclosed
    Posts
    374

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

    Quote Originally Posted by evanescence View Post
    How would you plan to grow the economy? Apparently, the trickle down theory is bunk, so what next?

    I believe that creating industry that cannot be outsourced is a good start.
    Trickle down economics is based on deficit spending, otherwise it fails.

  7. #887
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:25 PM
    Gender
    Lean
    Conservative
    Posts
    67,264

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

    Quote Originally Posted by sangha View Post
    Clinton raised taxes, grew the economy and created 22 million jobs. bush* inherited a growing economy and destroyed millions of jobs and the economy with his tax cuts and big spending, big govt policies

    bsuh* 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 cause a credit downgrade
    Isn't it interesting that putting Bush's name on those results make them terrible but when Obama's actual results are those numbers it is ignored?

  8. #888
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:25 PM
    Gender
    Lean
    Conservative
    Posts
    67,264

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

    Quote Originally Posted by Polotick View Post
    Trickle down economics is based on deficit spending, otherwise it fails.
    You really don't understand trickle down economics at all. The backbone of trickle down is more spendable income in the hands for the taxpayers.

  9. #889
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

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

    Quote Originally Posted by winston53660 View Post
    Obama says the deficit was on track to top $1 trillion the year he took office
    the deficit for the MONTH of february 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

    obama includes much stimulus spending in his baseline budget, ie, it's permanent

    Deficit for Fiscal 2007 Slides - Real Time Economics - WSJ

    surprised?

  10. #890
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:25 PM
    Gender
    Lean
    Conservative
    Posts
    67,264

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

    Quote Originally Posted by The Prof View Post
    the deficit for the MONTH of february 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

    obama includes much stimulus spending in his baseline budget, ie, it's permanent

    Deficit for Fiscal 2007 Slides - Real Time Economics - WSJ

    surprised?
    But.....but.....but you missed it, Bush got back to the WH in 2011 and generated the following results according to Sangha

    bsuh* 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 cause a credit downgrade

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •