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United States loses its AAA Credit rating from S & P

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The Prof said:
U.S. funding for future promises lags by trillions - USATODAY.com

if something isn't done immediately to fundamentally restructure our budgets, then our entitlement programs will disappear

leadership, anyone?
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Leadership... BAH! We need followers. Politicians that will head the warnings of the founders. Politicians that will follow the protections of the constitution. Politicians that will follow the will of the living breathing citizens of this country where that will meets the common good.

People thinking themselves leaders got us into this mess... we need dedicated public servants.
 
Conservative said:
2 1/2 years after taking office these are the Obama results and 2 years after the end of the recession. Is this what you voted for?
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And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.
 
AdamT said:
And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.
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I wonder what GOPers think McCain would have done differently.
 
Thunder said:
I wonder what GOPers think McCain would have done differently.
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They threw old John under the bus the second he lost the election. Ironically, they then put Palin in the driver's seat of the bus despite the fact that she lost him the election. :lol:
 
AdamT said:
They threw old John under the bus the second he lost the election. Ironically, they then put Palin in the driver's seat of the bus despite the fact that she lost him the election. :lol:
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McCain lost himself the election with his attack on the rights of every individual with McCain/Feingold. Nothing he did after that could have changed my opinion of him.

So you believe outside of Palin he would have beaten Obama?
 
The Prof said:
U.S. funding for future promises lags by trillions - USATODAY.com

if something isn't done immediately to fundamentally restructure our budgets, then our entitlement programs will disappear

leadership, anyone?
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Not from a Republican president. The so-called entitlement programs Social Security, Medicare are paid by payroll taxes. Social Security currently has a $2.6 trillion surplus in U.S. Treasury's. A Republican would give that money to the crooks on Wall Street.
 
Thunder said:
I wonder what GOPers think McCain would have done differently.
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I believe he would have done similar damage, only a little less and at a slower pace. Given the option I prefer that the Democrat be the one to bring us to the brink of destruction as a nation.
 
Misterveritis said:
I fondly remember it as a time of unbridled optimism. It was morning again in America. And we all knew it. Well, except for a few sour liberals.
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Me to,i voted for the dickhead...once.:roll:
 
donc said:
Me to,i voted for the dickhead...once.:roll:
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I would have to count you as a sour liberal. So it makes sense. You might want to check your underwear. Sometimes they are a little bit too tight. They could be the source of your discomfort with yourself.
 
QUOTE=Misterveritis;I would have to count you as a sour liberal.
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Yep, a sour lib that don’t like abortion and packs heat when he go’s to work.:roll:

So it makes sense. You might want to check your underwear. Sometimes they are a little bit too tight. They could be the source of your discomfort with yourself.
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Better get a new crystal ball, the one your using is pretty well useless.:2wave:
 
Moderator's Warning:
The personal attacks need to stop. If they don't there will be consequences.
 
Thunder said:
Obama did not win the election....Palin lost it for John.
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Nah, John lost it for himself by making an irrational pick for an important post.
 
The bottom line for this thread is that the US suffered a downgrade in the rating of this country, and instead of studying the path that brought us he for the first time in nearly 100 years we have repubs politically assigning blame not totally without merit to Obama, and demos calling everyone names, and wanting to ramp up what pushed us over the edge...downright stupid if you ask me.


J-mac
 
j-mac said:
The bottom line for this thread is that the US suffered a downgrade in the rating of this country, and instead of studying the path that brought us he for the first time in nearly 100 years we have repubs politically assigning blame not totally without merit to Obama, and demos calling everyone names, and wanting to ramp up what pushed us over the edge...downright stupid if you ask me.


J-mac
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You got it all wrong, this downgrade is all on the republicans be it perry, bachman,or romney.This horse shoe will be hung around the neck of whoever wins the republican nomination.
 
pbrauer said:
Not from a Republican president. The so-called entitlement programs Social Security, Medicare are paid by payroll taxes. Social Security currently has a $2.6 trillion surplus in U.S. Treasury's. A Republican would give that money to the crooks on Wall Street.
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There is no money. One can't give away what's already spent.
 
AdamT said:
Nah, John lost it for himself by making an irrational pick for an important post.
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You failed to answer my question.

So you believe McCain wuold have beat Obama if not for Palin?
 
Conservative said:
Depends on the area of the country, doesn't it? Seems that liberals focus on the Federal Taxes that those evil rich people pay but not the state taxes and the affects that Federal Taxes on state revenue collection. People are fleeing NY in droves so what does that do to the tax base there?
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rulings%2Ftom-mostlyfalse.gif


New York state actually gained population in the last decade. They did lose about 700,000 people due to net migration, however. But the fact that California did not--look at the electoral college, they did not lose a single vote this time around--and the fact that several other states in the Northeast and the Midwest are losing population, suggests that there are far bigger factors at play here, probably the economy and the weather.

Furthermore, your assumption that "liberals hate the rich" is a strawman. Most of us never said anything more than the fact that the rich are more easily able to support this great nation. Unless, of course, it is to cease to be great.

I have seen a number like 700 billion over 10 years with is 70 billion a year to pay for the 1.5 trillion dollar deficit we are generating each year and not one liberal has acknowledged a downside to raising taxes with 25 million unemployed or under employed Americans. Right now 70 million Americans aren't paying any FIT, is that their fair share in your world?
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We really, really, really need to get away from looking at just the debt number itself. It is highly misleading. Of far greater importance is our Debt-to-GDP ratio.

Conservative said:
For people who think tax cuts reduce govt. revenue instead of having a spending problem, yep and that would be you and a lot of others here, not me
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Uh, am I missing something here? I learned in school that if you take a positive number and subtract another positive number from it, the result is smaller than the first number. You wanna explain to me how a-b > a when b>0?
 
donc said:
You got it all wrong, this downgrade is all on the republicans be it perry, bachman,or romney.This horse shoe will be hung around the neck of whoever wins the republican nomination.
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I really don't see how. Anyone with the slightest bit of common sense could see that it was the demos actually pushing to the brink in the attempt of promoting yet more demo failed policy of class warfare, and wealth redistribution. And now lying about the process like they lie about almost everything they do.

The one thing Bush started for sure, and Obama has continued is to expose what utter liars liberals are. Weather they admit their affiliation or not (wink, wink)...


J-mac
 
j-mac said:
I really don't see how. Anyone with the slightest bit of common sense could see that it was the demos actually pushing to the brink in the attempt of promoting yet more demo failed policy of class warfare, and wealth redistribution. And now lying about the process like they lie about almost everything they do.

The one thing Bush started for sure, and Obama has continued is to expose what utter liars liberals are. Weather they admit their affiliation or not (wink, wink)...


J-mac
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And how absolutely redundant it is for you to say that only the liberal side lies.

200 million dollars a day anybody?

This downgrade was the fault of all sides including the president, S&P has clearly outlined that it was due to the political brinksmanship and the fact due to an idealogical mud slinging match congress can't even agree on what colour the sky is anymore...

To those who say "Its the republicans fault" and those who say "Its Obama and the democrats fault" listen guys, not only is it both sides fault, but its also your own fault for supporting this kind of fractured, "compromise is unnacceptable" style of governance that has crippled your country and made you lose your AAA credit rating.
 
Jetboogieman said:
And how absolutely redundant it is for you to say that only the liberal side lies.

200 million dollars a day anybody?

This downgrade was the fault of all sides including the president, S&P has clearly outlined that it was due to the political brinksmanship and the fact due to an idealogical mud slinging match congress can't even agree on what colour the sky is anymore...

To those who say "Its the republicans fault" and those who say "Its Obama and the democrats fault" listen guys, not only is it both sides fault, but its also your own fault for supporting this kind of fractured, "compromise is unnacceptable" style of governance that has crippled your country and made you lose your AAA credit rating.
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Nice try. Repubs only control 1/3 of this government. If the liberals had the answer then why not put it in place when they were running roughshot over the the repubs for the first two years of Obama? Because they were busy pushing this that's why.


J-mac
 
j-mac said:
Nice try. Repubs only control 1/3 of this government. If the liberals had the answer then why not put it in place when they were running roughshot over the the repubs for the first two years of Obama? Because they were busy pushing this that's why.


J-mac
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Alright alright J-mac, its all the dirty liberals fault and always will be and conservatives are always the glorious saviours and never do anything wrong and can never make any mistakes and in NO WAY WHATSOEVER contributed to the downgrade AT ALL!

:coffeepap
 
Jetboogieman said:
And how absolutely redundant it is for you to say that only the liberal side lies.

200 million dollars a day anybody?

This downgrade was the fault of all sides including the president, S&P has clearly outlined that it was due to the political brinksmanship and the fact due to an idealogical mud slinging match congress can't even agree on what colour the sky is anymore...

To those who say "Its the republicans fault" and those who say "Its Obama and the democrats fault" listen guys, not only is it both sides fault, but its also your own fault for supporting this kind of fractured, "compromise is unnacceptable" style of governance that has crippled your country and made you lose your AAA credit rating.
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Why? Why is anyone holding S&P up as a legitimate arbiter of what is credit worthy?

This is insane! They are one of the three major bad actors in creating this clusterf**k. Any legitimacy they had should be forever gone after accepting payments for rating junk mortgages as AAA.

Your second paragraph is spot on!

BTW, the banks that paid S&P for that bogus AAA are now pulling their money out of the markets and dumping most of it into downgraded Treasuries. Do you see a pattern here?

Junk securities are AAA (though the banks rebundled and passed them on as quickly as possible, and bet against them) yet the constitutional mandate to recognize and pay all debts is less safe and the Bankers invest heavily...

Do some of you start to get the idea that the instant we're told something at the top of government, the top of financial or the top of military, we should immediately assume the opposite is true?

Hindsight bears this out far more often than not. So why is anyone on either side discussing this on any level defined by those at the top of media, gov't and finance? Are we to continue to argue passionately over red herrings only to go "DOH! Ya got me ag'in..." ten years later?

It's time to stop divisively arguing the theater being presented to us and rip back the backdrops to expose the reality now that we usually only find out about decades later.
 
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