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United States loses its AAA Credit rating from S & P

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from misterv

But we have been told that social security contributions are not taxes
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You have been told by who exactly?
 
Misterveritis said:
Certainly. Radical Karl's argument was for a steeply progressive income tax. Look carefully at my post and you will see that. His goal, and the Marxist president Obama's goal, is the destruction of capital in order to advance the society to revolution. Smith was concerned with funding government.
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Your nonsequiter Obama references have no place this discussion. If your sole purpose is to bash, at least have the decency to do so in the appropriate thread.
 
AdamT said:
Sweden -- also with a perfect AAA rating!
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vote obama, 2012!

SWEDEN is triple a!

LOL!

seeya at the polls, progressives

it's gonna be a breeze
 
Goldenboy219 said:
Your nonsequiter Obama references have no place this discussion. If your sole purpose is to bash, at least have the decency to do so in the appropriate thread.
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Do you believe the Marxist president is uninvolved in this drama? Granted he showed no leadership...
 
Misterveritis said:
Do you believe the Marxist president is uninvolved in this drama? Granted he showed no leadership...
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Yes he was involved. He doesn't want to show any leadership because he doesn't want to leave any finger prints. He will blame Bush, the tsunami in Japan and future hurricanes that will hit the USA coast.
 
Misterveritis said:
Do you believe the Marxist president is uninvolved in this drama? Granted he showed no leadership...
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The question is simply a red herring intended to hijack the thread. Again, create an Obama bash thread or participate in the countless others on this forum. This thread however is not the place.
 
It will be interesting to see the affect, if any, this will have upon bond markets. Is this move already priced into the market? S&P has been warning for some time that it may downgrade the US, so this is not really a huge surprise. If it does cause some sort of panic in the markets, what will people do, run to quality.... and buy US debt? :confused:
 
Misterveritis said:
The liberals who also locked up my contributions in a locked box, of course.
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Your attempt at an answer makes no sense.

Again, who specifically - names please - is denying that FICA is not a tax?
 
Goldenboy219 said:
Your nonsequiter Obama references have no place this discussion. If your sole purpose is to bash, at least have the decency to do so in the appropriate thread.
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hey Goldenboy, you have to change that avatar, I keep catching myself staring at it, I am going to turn into a Patrick.
 
deltabtry said:
hey Goldenboy, you have to change that avatar, I keep catching myself staring at it, I am going to turn into a Patrick.
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Which is the plan; subconscious hypnotization!
 
Kinda looks like the wingers really screwed the pooch this time. In this case it was the weeper of the house John Boehner asking wall street how much wiggle room he had.


< how close Congress could push to the debt limit deadline without sending interests rates soaring and causing stock prices to go lower,>


And he got this answer.


< Wall Street executives say even pushing close to the deadline — or talking about it — could have grave consequences in the marketplace.


Read more: Wall Street executives warn John Boehner on debt limit - Ben White - POLITICO.com

>




.
 
washunut said:
I think more people are coming to understand what you mention above often called behavioral economics. There is a lot to be said about the way people feel about the economy.

However there is a price being paid for the culling out of the manufacturing sector in the U.S. People had to replace jobs that were relatively high paying with low paying service sector jobs. America paid the price for expanding the middle class for many millions in Asia. Where is the growth in the US. Service sector and health care.
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Indeed we need to do more than be positive but we need a president that knows how to do both. Obama can't even take a position.

It would have been great if Obama had elected to spend the first two years of his Presidency on long term economic issues like free trade versus fair trade like he talked about during his campaign. Maybe he can begin to address the long term economic needs of the country. He can afford to. he will have $1 billion in campaign funds and a weak opponent. Plus the country is looking for real solutions to a very difficult set of problems. maybe this is too optimistic but there is a possibility.
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He had a few economic ideas that I supported but I've not heard a mention of any of them. My prediction is that we won't either unless we see Geithner leave first.
 
apdst said:
Actually, it was the tax cuts after WW2 that did it.

If it were true that the war ended the depression, then why are we pulling out of Iraq and Afghanistan? Why do Libbos support massive defense cuts? Why are we in a depression, now? Where does the money come from for all that spending?
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We were in a major hole after the war. It wasn't the war. People struggled all through the war. Many things were rationed.
 
StillBallin75 said:
What brought our economy out of the recession wasn't that we "won" World War II, it was that we fought it, and the demand for war materiel mobilized the country's economic production...

Of course winning the war and not being occupied helps.
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We were in a major hole. Yes, the government could dig us into an even bigger hole but that's hardly going to solve things. The government spent, spent spent the last 3 years and unemployment has went up.

Why? Nobody has faith or trust in anything that is done.
 
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1Perry said:
Sorry, you'll have to explain your point. Did the war help unemployment? Of course. We emerged in far worse financial shape.
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Recessions are characterized by bouts of increasing job losses. War spending created so many jobs that by 1944, unemployment was at a record low 1.2%. Yes there was rationing; but being in the middle of the largest global conflict ever can be a strain on resources.

The depression ended in the late 1930's (June of 1938 to be exact).
 
Sheik Yerbuti said:
Gee, a rightwinger hates Obama. What are the odds of that? 3 to 1?
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Is there a sign on her that I missed saying she is a rightwinger? Seems a lot of small businesses that employ people then are rightwingers. Noticed that the content went right over your head.
 
Conservative said:
Is there a sign on her that I missed saying she is a rightwinger? Seems a lot of small businesses that employ people then are rightwingers. Noticed that the content went right over your head.
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She said so. Don't you ever pay attention?
 
Sheik Yerbuti said:
She said so. Don't you ever pay attention?
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She said she was a right winger? Seems like you stopped paying attention in Nov. 2010 when the country turned back to fiscal responsibility in an overwhelming rebuke of Obama policies. Record state legislatures and House wins that must have gone right over your head. The fact that you are part of the 40% that still supports this incompetent President says a lot.

Went back and listened and watched again, didn't hear her claim to be a rightwinger but she sure made a lot of sense. She said "I inherit a mess each day I was hired to clean up that mess" Take note, Sheik, something apparently foreign to a liberal who can only blame others for their own failure. Obama lacks leadership skills which is evident by the results generated. Everything is "We inherited" and never it is my problem and I didn't fix it.
 
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Misterveritis said:
LOL. It never takes very long to get back to punishing achievement, does it?
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Have you ever considered the possibility that massive wealth accumulation is in fact not "achievement" but a pathology?
 
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