• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

United States loses its AAA Credit rating from S & P

Status
Not open for further replies.
Notice that you never address the FACT that those evil rich people are paying 38% of the taxes and 47% of income earners most 50,000 or less pay zero. That the liberal definition of fair share?
If your single and have a AGI of less than $8500, you pay 10% FIT.
 
this hour:

In an attempt to stem its financial hemorrhaging, the U.S. Postal Service is seeking to reduce its workforce by 20 percent, including through layoffs now prohibited by union contracts. USPS also wants to withdraw its employees from the health and retirement plans that cover federal staffers and create its own benefit programs for postal employees.

This major restructuring of the Postal Service’s relationship with its workforce would need congressional approval and would face fierce opposition from postal unions. But if approved, eliminating contract provisions that prevent layoffs and quitting the federal employee health and retirement programs could have ramifications for workers across the government and throughout the national’s labor movement.

In a notice to employees informing them of its proposals, with the headline “Financial crisis calls for significant actions,” the Postal Service said “we will be insolvent next month due to significant declines in mail volume and retiree health benefit prefunding costs imposed by Congress.”

The Postal Service plan is described in two draft documents obtained by The Washington Post. A “Workforce Optimization” paper acknowledges “that asking Congress to eliminate the layoff protections in our collective bargaining agreements is an extraordinary request by the Postal Service, and we do not make this request lightly. However, exceptional circumstances require exceptional remedies.

“The Postal Service is facing dire economic challenges that threaten its very existence. . . . If the Postal Service was a private sector business, it would have filed for bankruptcy and utilized the reorganization process to restructure its labor agreements to reflect the new financial reality.”

USPS proposes cutting 120,000 jobs, pulling out of health-care plan - The Washington Post

as inexorable as physics, nothing you can do to avoid it, from athens to sacto, every township and municipal in between...

party on, progressives
 
Last edited:
Where have I ever promoted class warfare and be specific? What is shared sacrifice from the 47% that earn income but pay zero on FIT? You say we have a revenue problem, I don't because I believe we have a spending problem. If you have a revenue problem there are 47% of income earners paying nothing that should be a source of revenue. Yet people like you want to focus on the 1% or 5% of income earners (140 million income earners X1% or 5% which equals 1.4 million or 7 million) instead of the over 60 million paying zero. That seems to be liberal logic.
We do have a revenue problem, before Bush's tax cuts our nation was well on our way of solving the debt problem. Besides, the Federal government should spend money to improve our nation. President Eisenhower did it in the '50's when he built the Interstate Highway system
 
And another rightwinger tosses the principle of lowering taxes under the bus in order to win an internet debate

Rightwingers have no principles; just slogans they discard when their convenience disappears
Lower taxes on taxpayers. Widen the tax base by including everyone in the tax base. This seems very simple to comprehend. Doesn't it?
 
How do they get it back? How do you do that on Form 1040??

Ask the IRS, they put out the numbers. Amazing how you ignore reality. Let's get back on track, Obama inherited an AAA rating from Bush that is now AA+, the first downgrade in history. That is a fact that has to be addressed an you haven't done that? You believe it is a revenue problem yet since Obama took office the debt has grown 4 trillion dollars taking us to almost 100% of GDP. That is what liberal Obama supporters want to ignore
 
What's the interest rate on Treasury's ???

Low interest rates keep the debt service low, higher interest rates will bankrupt the country and get you closer to what you seem to want, a European style economy that has failed.
 
We do have a revenue problem, before Bush's tax cuts our nation was well on our way of solving the debt problem. Besides, the Federal government should spend money to improve our nation. President Eisenhower did it in the '50's when he built the Interstate Highway system

I'm sorry, I fail to see how we were on our way to solving our debt problem before the Bush tax cuts …. during the 8 years of Clinton, we still added 1.5 trillion dollars to our debt load, that was with an increase in taxes ….

So your opinion of fixing our debt problem is increasing taxes, then adjust spending so you are still spending more than what is taken in ?? I guess only in the mind of a liberal does that work.
 
I'm sorry, I fail to see how we were on our way to solving our debt problem before the Bush tax cuts …. during the 8 years of Clinton, we still added 1.5 trillion dollars to our debt load, that was with an increase in taxes ......

what was the budget deficit in 2000?
 
what was the budget deficit in 2000?

Let's see if you can figure it out and then explain the affects of the Clinton recession

Debt by year


09/30/2010 13,561,623,030,891.79
09/30/2009 11,909,829,003,511.75
09/30/2008 10,024,724,896,912.49
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06
09/30/2000 5,674,178,209,886.86



09/30/1999 5,656,270,901,615.43
09/30/1998 5,526,193,008,897.62
09/30/1997 5,413,146,011,397.34
 
what was the budget deficit in 2000?

read what was written ..... what was our debt load from 1992 to 2000? Did that increase by nearly 1.5 trillion dollars or not ?

Now you can claim surpluses all you want...... then tell me where the money went, because our debt continued to rise .. ever year ..
 
Last edited:
Ask the IRS, they put out the numbers. Amazing how you ignore reality. Let's get back on track, Obama inherited an AAA rating from Bush that is now AA+, the first downgrade in history. That is a fact that has to be addressed an you haven't done that? You believe it is a revenue problem yet since Obama took office the debt has grown 4 trillion dollars taking us to almost 100% of GDP. That is what liberal Obama supporters want to ignore
You made the claim they get their money back, so i'm asking YOU how this is done.
 
You made the claim they get their money back, so i'm asking YOU how this is done.

By taking advantage of the law. You seem to think I care, I don't but those who think we have a revenue problem should
 
I'm sorry, I fail to see how we were on our way to solving our debt problem before the Bush tax cuts …. during the 8 years of Clinton, we still added 1.5 trillion dollars to our debt load, that was with an increase in taxes ….
Clinton had a budget surplus.

So your opinion of fixing our debt problem is increasing taxes, then adjust spending so you are still spending more than what is taken in ?? I guess only in the mind of a liberal does that work.
That's not what I wrote.
 
Clinton had a budget surplus.


That's not what I wrote.

No, Clinton didn't but you and others keep making that claim. You don't seem to understand what creates a surplus so again, public debt PLUS intergovt. holdings=surplus or deficit. tell me that Clinton had a surplus adding 1.3 trillion to the debt. Now what does that have to do with Obama inheriting an AAA rating and having ti downgraded?
 
No, Clinton didn't but you and others keep making that claim. You don't seem to understand what creates a surplus so again, public debt PLUS intergovt. holdings=surplus or deficit. tell me that Clinton had a surplus adding 1.3 trillion to the debt. Now what does that have to do with Obama inheriting an AAA rating and having ti downgraded?
What does the AAA downgrade have to do with anything. Even Gov. Christie said it was ridiculous.
 
=pbrauer;1059721271]Clinton had a budget surplus
.
okay what did he do with that money, because every year he was in office our nation debt rose .. do you deny that ?

That's not what I wrote.

It's not ?? you did say we were on our way to solving our debt crisis ..... we raised taxes ... you certainly have to agree with that ...... and yet each and every year he was in office our debt rose. Now you can claim surpluses all you want .... but you cannot deny that our debt rose every year .. including the year 2000 ..... you and even government numbers say there was a surplus .... I just can't help but to wonder where all this surplus money went to .. .because it didn't go to paying down the debt ..
 
What does the AAA downgrade have to do with anything. Even Gov. Christie said it was ridiculous.

Right, no problem, a credit downgrade is never a problem in the liberal world, just print more money
 
Status
Not open for further replies.
Back
Top Bottom