View Poll Results: Who cause our AAA rating to drop?

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Thread: Who is responsible for the downgrading of the American credit status?

  1. #41
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Cole View Post
    Believe the correct and popular answer is both parties are responsible. They overspend because it generates "bacon" and gets them re-elected.

    But the ironic twist to this credit rating downgrade is that it could turn out to be a blessing in disguise. It may provide the cover for politicians to finally take responsible actions to get this federal spending juggernaut under control.

    Because now we have the evidence that "it really can happen to us
    ."
    We agree here for sure. So, let's see if there becomes this spirit of cooperation once Congress returns from their little vacation by September 1.

  2. #42
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Harry Guerrilla View Post
    Of course.
    Partisanship was guaranteed to show up in this thread.

    Edit:
    This here is precisely the point I was making when I said "Americans" were to blame.
    "Ohh no, it's the other team, not mine we're innocent."
    To be fair, he was not the first. I think cpwill was the first to go full retard.
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  3. #43
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Harry Guerrilla View Post
    This is just a duplicate of OV's comment, with a pro right spin.
    I think you are delusional. The two posts have nothing in common. His looks to blame one person/group while I blamed every congress and president since deficit spending began. My only caveat was that the last major policy is what put us over the top. My opinion comes from the text of the S&P news release and the logical conclusion that anyone that contributed to the hay pile is responsible when the last straw caused the reaction.
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

  4. #44
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    Re: Who is responsible for the downgrading of the American credit status?

    Where's the "All of the above" option?
    For: legalizing drugs, gay marriage, abortion, guns, universal health care, public sector jobs, nuclear power, free education, progressive taxation
    Against: corporations, make-work, the 40 hour work week, intellectual property, imperialism, "homeland security," censorship

  5. #45
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Objective Voice View Post
    Gee, I wonder who started us down that path? Hmmm....???
    Democrats who ran the Congress. You may recall how everyone gleefully talks now about how Reagan increased taxes? That was part of a deficit reduction deal that the Democrats reneged on - Reagan agreed to raise taxes one dollar for every three that they cut spending.... then he signed the tax increase.... and the cuts never happened. They did the same thing to George H.W., which is why of course they have zero credibility when they offer a similar deal now.


    as for the Tea Party Republicans, they are the only ones who have kept us from worse at this point, they are the reason Washington is talking about deficit reduction instead of how to spend more. as for deals that would have fixed this - S&P said they wanted at least $4T in deficit reduction. The House Republicans passed a plan that would have cut $6T. Democrats rejected that. So House Republicans passed a plan that would have balanced the budget. Democrats rejected that. So, (trepidaciously, no doubt) Republican House Leadership agreed to a $4T plan so long as no more than $800 Bn came from increased revenues. Democrat leadership (specifically the White House) at first agreed and then came back and rejected that.


    When did S&P downgrade it's outlook? After President Obama responded to the House 2012 Budget by announcing a huge "response" speech, inviting the Republican Leadership to attend, and then accusing them of going after autistic kids and people's grandmothers. That's when they realized that "Washington" wasn't serious.

  6. #46
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by WI Crippler View Post
    I still blame left-handed people. Why we haven't worked to eradicate these mutants from our population is beyond me.
    I'm afraid that my son might be left-handed. Do you think Casey Anthony is looking for a nanny job?

  7. #47
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by cpwill View Post
    Democrats who ran the Congress. You may recall how everyone gleefully talks now about how Reagan increased taxes? That was part of a deficit reduction deal that the Democrats reneged on - Reagan agreed to raise taxes one dollar for every three that they cut spending.... then he signed the tax increase.... and the cuts never happened. They did the same thing to George H.W., which is why of course they have zero credibility when they offer a similar deal now.


    as for the Tea Party Republicans, they are the only ones who have kept us from worse at this point, they are the reason Washington is talking about deficit reduction instead of how to spend more. as for deals that would have fixed this - S&P said they wanted at least $4T in deficit reduction. The House Republicans passed a plan that would have cut $6T. Democrats rejected that. So House Republicans passed a plan that would have balanced the budget. Democrats rejected that. So, (trepidaciously, no doubt) Republican House Leadership agreed to a $4T plan so long as no more than $800 Bn came from increased revenues. Democrat leadership (specifically the White House) at first agreed and then came back and rejected that.


    When did S&P downgrade it's outlook? After President Obama responded to the House 2012 Budget by announcing a huge "response" speech, inviting the Republican Leadership to attend, and then accusing them of going after autistic kids and people's grandmothers. That's when they realized that "Washington" wasn't serious.
    I knew it wasn't serious long before that. I really think the leaders of S & P did too.

    No one in Washington is willing to support the kinds of cuts and tax increases that are necessary to bring the budget into balance. Who can blame them? We'd at least vote them out of office, if not run them out of town on a rail if they were to tell the truth and take decisive action. Too many people still expect a free lunch.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  8. #48
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Objective Voice View Post
    Gee, I wonder who started us down that path? Hmmm....???
    Congress. they develop the budget which the Presidents signs or veto's. It is pointless to blame anyone party. Overtime each have been in control or a divided house.
    "I can explain it to you but, I can't understand it for you"

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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Tucker Case View Post
    I'm afraid that my son might be left-handed. Do you think Casey Anthony is looking for a nanny job?
    I wouldn't go that far(yet). Do what we do with stroke patients. It's called constraint therapy. In order to get them to use their weakened side again, you constrain the good side. In this case you will do the opposite. constrain the bad (left) side, and force the use of his good (right).
    "Loyalty only matters when there's a hundred reasons not to be-" Gen. Mattis

  10. #50
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by cpwill View Post
    Democrats who ran the Congress. You may recall how everyone gleefully talks now about how Reagan increased taxes? That was part of a deficit reduction deal that the Democrats reneged on - Reagan agreed to raise taxes one dollar for every three that they cut spending.... then he signed the tax increase.... and the cuts never happened. They did the same thing to George H.W., which is why of course they have zero credibility when they offer a similar deal now.


    as for the Tea Party Republicans, they are the only ones who have kept us from worse at this point, they are the reason Washington is talking about deficit reduction instead of how to spend more. as for deals that would have fixed this - S&P said they wanted at least $4T in deficit reduction. The House Republicans passed a plan that would have cut $6T. Democrats rejected that. So House Republicans passed a plan that would have balanced the budget. Democrats rejected that. So, (trepidaciously, no doubt) Republican House Leadership agreed to a $4T plan so long as no more than $800 Bn came from increased revenues. Democrat leadership (specifically the White House) at first agreed and then came back and rejected that.


    When did S&P downgrade it's outlook? After President Obama responded to the House 2012 Budget by announcing a huge "response" speech, inviting the Republican Leadership to attend, and then accusing them of going after autistic kids and people's grandmothers. That's when they realized that "Washington" wasn't serious.
    Of course the Democrats rejected both large spending plans...because Republicans refused to give on tax revenues of any kind. Pundits continue to say we have a spending problem. While that's true, we also have a revenue problem only very few people dare to acknowledge that.

    Republicans don't want to raise taxes or close tax loopholes, so the only thing the Treasury really has left is cutting the interest rate on bonds to near zero. Bond rates have been the only buffer between lost income tax revenue and the debt that's kept us afloat all this time. But now that the "full faith and credit of the U.S." has been downgraded, the one thing the President tried to avoid will now happen.

    Bond interest rates will increase; morgtage, credit card and car loan rates will also increase. Banks and private investors will find it harder to raise revenue. Small business owners will find it even more difficult to get loans. And for what? Because one side of the political divide didn't want to compromise under any circumstances even when they were getting over and above what they wanted.

    I'm not alone in blaming Republicans for this mess our nation is in. There are plenty of others who see through the smoke screen.
    Last edited by Objective Voice; 08-06-11 at 10:34 PM.

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