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United States loses its AAA Credit rating from S & P

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Boo Radley said:
The only way government can control jobs is to hire folk. Otherwise, you have to stop blaming the government for the unemployment. :coffeepap
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Govt can discourage employment which they are doing now but of course never running a business you wouldn't understand that? Any idea what it cost your employer to hire you?
 
Conservative said:
Right up the alley of many of the liberal indviduals in this forum who cannot seem to compete in a free enterprise economy. Now isn't that special, addition to the corpse as Obama called the corps.
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I thought you were one of those who see government as the answer? Aren't you always blaming Obama, government, for the unemployment rate?

:coffeepap
 
AdamT said:
Of course it means default.

"Definition of DEFAULT

1. : failure to do something required by duty or law"

If we hadn't raised the debt ceiling we would have been unable to meet our existing financial obligations.
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Sure we could have. We could have told a lot of busybody bureaucrats to go home. Or to find new jobs in the private sector. We could save more than 50 billion dollars just by closing down one extra-constitutional department, Education. That is a real cut that pays benefits for every year into the future. But let's not stop there. We have more than 50 regulatory agencies who have churned out more than 80,000 regulations to hamper and hinder and delay business. Let's put together a panel to decide which ones we want to keep open. And if we cannot come to any agreements then let's close them all.
 
Conservative said:
Govt can discourage employment which they are doing now but of course never running a business you wouldn't understand that? Any idea what it cost your employer to hire you?
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They are not discouraging employment. Not at all.
 
pbrauer said:
This begs the the question: Why is there a statuary debt limit? The 14th Amendment says our debt can't be questioned. Why wasn't President given a clean bill like all other Presidents have had? There were two issues the debt ceiling and budget negotiations - the Republcans connected the two.
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Keep blaming the Republicans and ignoring the Democrat contribution.Didn't Obama have two years to increase the debt limit? Of course he did but wanted the issue because he knew people like you would support him.
 
Boo Radley said:
They are not discouraging employment. Not at all.
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Since you never ran a business, hired any employees, fired any employees not surprising that you would make that kind of a statement. You really don't have a clue.
 
Conservative said:
Since you never ran a business, hired any employees, fired any employees not surprising that you would make that kind of a statement. You really don't have a clue.
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Well, you don't know that, but you still have to show such to be true, which you never have.
 
pbrauer said:
The capital system requires people earning money so they can be good job creators by purchasing goods and services.
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When people earn money what affect do taxes have on their take home pay?
 
pbrauer said:
This begs the the question: Why is there a statuary debt limit? The 14th Amendment says our debt can't be questioned. Why wasn't President given a clean bill like all other Presidents have had? There were two issues the debt ceiling and budget negotiations - the Republcans connected the two.
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If the Dems hadn't bailed on their requirements to pass a budget there would have been no negotiations there. To argue that we could default if we elected to is a seperate arguement than the fact that the idea that we never were going to.

When this was all going down I stated over and over that there was zero chances of default. I wonder what S&P would have thought if this had been the arguement? "There is zero chance of the U.S. defaulting but we do need to come to an agreement here"?
 
Conservative said:
Keep blaming the Republicans and ignoring the Democrat contribution.Didn't Obama have twesso years to increase the debt limit? Of course he did but wanted the issue because he knew people like you would support him.
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That's silly. :coffeepap
 
Boo Radley said:
Well, you don't know that, but you still have to show such to be true, which you never have.
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Yes, spent 35 years doing what you have never done, actually ran a business and hired, trained, and fired employees. Operated on a 5 year business plan and would never hire employees if the cost of those employees couldn't be offset by business growth. Obama is doing nothing to promote business growth and in fact is demonizing profits and individual wealth creation. Regulations, taxes, Obamacare, OSHA, EPA, NLRB! Yep, that really promotes hiring
 
Boo Radley said:
The only way government can control jobs is to hire folk. Otherwise, you have to stop blaming the government for the unemployment. :coffeepap
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Wrong. Our massive debt and the uncertainty of how that is going to be paid back is most certainly a drag on the economy and hence job growth.
 
Misterveritis said:
Those 80,000 regulations do not discourage business? What do they do?
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They've been there for sometime haven't they? And quite frankly, deregulation contributed to our problems. Regulations often have a reason for being there.
 
1Perry said:
Wrong. Our massive debt and the uncertainty of how that is going to be paid back is most certainly a drag on the economy and hence job growth.
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A drag? To a limited degree. But not something a single president can fix in one or two or ten terms. In the short term, all one can do is hire people.
 
Boo Radley said:
They've been there for sometime haven't they? And quite frankly, deregulation contributed to our problems. Regulations often have a reason for being there.
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Both can be the problem.
 
Conservative said:
Prove to me there would be a default of our obligations. When confused bring up Fox News! That is typical liberal scare tactics void of facts. Our only real obligations are to our seniors, to our military, and to our debt service. There is more than enough revenue to pay those obligations coming into the govt. daily. I gave you the breakdown on another thread, you obviously ignored it
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Everyone who has a functioning central nervous system understands that we were on the verge of defaulting. Our revenues were just about sufficient to meet HALF of our daily obligations. Naturally that means that we could not meet the other HALF of our obligations, on which we would have defaulted.
 
Boo Radley said:
A drag? To a limited degree. But not something a single president can fix in one or two or ten terms. In the short term, all one can do is hire people.
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That's the problem. Thinking short term. So at least we have you off the idea that the government doesn't effect employment.
 
Boo Radley said:
A drag? To a limited degree. But not something a single president can fix in one or two or ten terms. In the short term, all one can do is hire people.
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Aw, such low standards for Obama. Here we are over two years after taking office and liberals are still making excuses for Obama failures. This President did more harm in one year and yet people here still support him and want to give him four more years to make things worse. The Obama record today:

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
 
Conservative said:
Aw, such low standards for Obama. Here we are over two years after taking office and liberals are still making excuses for Obama failures. This President did more harm in one year and yet people here still support him and want to give him four more years to make things worse. The Obama record today:

Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
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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.
 
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