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

  1. #981
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Goldenboy219 View Post
    The notion that there is some glut of business demand being drown out by regulation is nonsense. Maybe this crowd can put together a valid case of the most labor intensive production and services feeling a pinch from regulation (the largest would be the minimum wage), but this is only a positive reaction in both the short and long term.
    From the 1950s through the 2000s, the amount of federal
    regulatory activity, as measured by pages in the Federal Register,
    has increased more than six-fold. In the 1950s, federal agencies
    published an average of just under 11,000 pages in the Federal
    Register per year. By contrast, over the past decade federal agencies averaged over 70,000 pages per year. In 2010, the Federal
    Register contained well over 80,000 pages.
    You don't think that 80,000 regulations has any impact on businesses. Then let's get rid of them. All of them.

    Nonsense indeed.

  2. #982
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by winston53660 View Post
    Do you know anything about marginal utility?
    Is that your favorite phrase now?

    Why don't you tell us about it? In your own words please. I know it will be worth waiting for.

  3. #983
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by RiverDad View Post
    Like Obama firing missiles into Pakistan, a country we're not at war with, like almost as many soldiers being killed on Obama's watch as on Bush's watch, like Obama signing tax cuts for millionaires and billionaires.
    Yep, he certainly ramped up the existing Bush program of drone attacks in Pakistan. And of course, as a result of his commitment, we killed Osama bin Laden. You just can't ignore these important historical facts.

  4. #984
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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Polotick View Post
    You're wasting your time. All he is going to do is repost the same thing over and over until even he can believe it. People like that are in no way interested in a true meaningful meeting of the minds to correct a downward spiral. He is so full of hate all he wants is for the country to crash and burn so he can sling more propaganda around.
    LOL. You do realize that the same could be said of you and yours?

  5. #985
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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?
    Let's start with those 80,000 federal regulations...

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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
    Here is an alternative view:

    1) The economy was out of recession in March of 1991. This is em, er...before Clinton announced in October of that year that he was running for president, and almost two and a half years before President Clinton signed his tax law.
    2) In the twelve months leading up to the tax signing (August 1992-July 1993), the economy gained 2,023,000 jobs, which is 168,000 jobs per month. To put things into perspective: in the four years during which Democrats recently controlled Congress, we did not have a twelve-month period where the economy gained 100,000 jobs on a monthly average, let alone 168,000 to meet an economy of fifteen years earlier.
    3) In the six months (February-July 1993) leading up to the tax signing, the monthly average job gain was already 208,000, which shows that the economy was growing stronger by the month, well before the bill was signed.
    4) The unemployment rate peaked July 1992 -- more than six months before Clinton stepped into the Oval Office, and more than twelve months before Congress voted on the tax bill. In fact, the rate lost almost a full percentage point in the twelve months leading up to the tax signing.
    5) The Dow Jones Industrial Average reached a low (of less than 2,400) in October 1990, and then things turned around, which is em...say...three years before your Clinton taxes "gave us" a good economy!
    6) From its recession low of minus 2,400, the Dow grew almost 50% to approximately 3,600 before we got to August 1993. This amounts to a 16% annual gain if any Dem had his/her money in an Index fund piggybacked to the Dow.
    The Clinton Tax Myth (Clinton raised taxes on the top earners and then gained 22 million jobs?)

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

    Quote Originally Posted by Misterveritis View Post


    Did you just cite free republic? Seriously?

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

    Quote Originally Posted by sangha View Post
    Clinton raised taxes and created 22 million jobs and a growing economy. bush* cut taxes and destroyed millions of jobs and the economy
    I really love fairy tales and other bedtime stories. Please tell us another one.

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

    Quote Originally Posted by AdamT View Post
    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
    Well there you go:

    For tax year 2010, roughly 45% of households, or about 69 million, will end up owing nothing in federal income tax, according to estimates by the nonpartisan Tax Policy Center. Some in that group will even end up getting paid money from the federal government.
    69 million. Not 70 million. The article you referenced goes on to say that many will get money rather than pay money. Good plan for getting the nation ready for a civil war or a revolution. Half pay and half get.

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

    Quote Originally Posted by sangha View Post
    Didn't Obama inherit $10T of debt created by big spending republicans?
    And democrats. Will you join me in calling for a balanced budget Constitutional Amendment?

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