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United States loses its AAA Credit rating from S & P

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Uh I think you mis read me. Poverty tends to go up under Republican policies as well income disparity.

Poverty hasn't gone up under the Dems over the past few years? :rofl

You can't kill jobs and expect poverty to go down. It just ain't gonna work like that. Sorry.
 
I never said it last 20 years. :rofl

Why do you keep twisting my comments?

If the U.S. entered the Depression in August of 1929, and you are stating that it was not recovered until October of 1949, that would be more than 20 years.
 
It lasted for what? 10 months? It was a very minor recession and after that, embarked on a very prosperous period. Imagine what might have happened if not for the tax cuts.
Guess you don't know that "period" was when the top tax rate was raised to 91%. :lamo :lamo :lamo
 
Poverty hasn't gone up under the Dems over the past few years? :rofl

You can't kill jobs and expect poverty to go down. It just ain't gonna work like that. Sorry.

So why are the republicans doing what they're doing? They like poverty?
 
Poverty hasn't gone up under the Dems over the past few years? :rofl


If you want to look at a small section of time sure. If you look at the past thirty years though.....
 
The downgrade came as a result of the 14 trillion Dlls. deficit and it works the same with a person that owes too much money. Your credit rating goes down. Greece here we come!!!!!!
Not according to those who downgraded us...

"The firm's conclusion 'was pretty much motivated by all of the debate about the raising of the debt ceiling,' John Chambers, chairman of S&P's sovereign ratings committee, said in an interview. 'It involved a level of brinksmanship greater than what we had expected earlier in the year.'"
 
If you want to look at a small section of time sure. If you look at the past thirty years though.....

During the past 30 years, the Dems have been in charge for most of it. You sure you want to keep going down this road?
 
I never said it last 20 years. :rofl

Why do you keep twisting my comments?
You said it didnn't end until the passage of the Revenue Act of 1948. When do you think the Great Depression began?
 
During the past 30 years, the Dems have been in charge for most of it. You sure you want to keep going down this road?


Do you have something to add or just snide comments with little to no basis in reality.
 
During the past 30 years, the Dems have been in charge for most of it. You sure you want to keep going down this road?

Yeah, I would be quite happy to keep going along the path the Dems have taken -- if you whacked out the cancerous years where the republicans were running the show.
 
My thoughts on this is, this is the result of many parties involved letting novices control the conversation. In reality the big boys in the room didn't want this to happen at all. Had we a different political climate this would have been passed months ago. Much of it has to do with far to much compromise but in the end and in the scramble only so much was able to be compromised that everyone could barely agree to.

Up until now I didn't think S&P would do it either way but there must be something for them to gain out of it. Perhaps when manipulating the prices creating them low, 6 months from now when they upgrade the credit everyone cashes out a winner. I don't know. I look at the recession when it was real bad in 2008. People that play the stock market a lot that invested then, are even better off than they were 10 years ago. I find it amazing that a minority of voices overall however can have a total stranglehold on the conversation. It's a very dangerous trend. It is also very dangerous that the Democrats along with Obama have no spine.
 
Do you have something to add or just snide comments with little to no basis in reality.

No basis in reality? Who controlled Congress in the 80's? The Dems controlled Congress for 50 years, prior to 1994. And again since 2007. Do the math, bro.
 
Yeah, I would be quite happy to keep going along the path the Dems have taken -- if you whacked out the cancerous years where the republicans were running the show.

We're there. What are you complaining about?
 
No basis in reality? Who controlled Congress in the 80's? The Dems controlled Congress for 50 years, prior to 1994. And again since 2007. Do the math, bro.


Okay no substance i got it.

Specifically what policies are you talking about?

Tax cuts that disproportionately benefited the wealthy or what?
 
Not according to those who downgraded us...

"The firm's conclusion 'was pretty much motivated by all of the debate about the raising of the debt ceiling,' John Chambers, chairman of S&P's sovereign ratings committee, said in an interview. 'It involved a level of brinksmanship greater than what we had expected earlier in the year.'"

I know why we were downgraded... because Tim Geithner and Obama are still in charge :lamo
 
We're there. What are you complaining about?

No, we're not there. Democrats didn't cut taxes when we had a chance to pay down the debt. Democrats didn't launch an ill-advised invasion of Iraq. Democrats didn't fail to pass the first TARP bill, leading to the collapse of Lehman and the stock market crash. Democrats didn't block the states from implementing predatory lending laws. Democrats did not force the President to scale back stimulus spending. Without these Republican eff ups we would not be in this sorry state.
 
This post is beyond silly, I would call it evil. Phoney threats about the American economy and it's ability to borrow money scares people needlessly. Have you checked on what happened to U.S. treasuries this week? People knew that the agreement did not meet the minimum requirements laid out by S&P months ago so a downgrade was not a shock to people who follow this sort of thing.

The fact that US debt will continue to be downgraded won't come as a shock, either.

One out of three ratings agencies lowered it's rating by 1/2 a notch,

While Australia and the UK continue their perfect AAA credit ratings for all three.

not exactly the end of the world.

I never said it was the end of the world, just the US as we know it (i. e. a "superpower"). And yes, that's really no big deal.
 
My thoughts on this is, this is the result of many parties involved letting novices control the conversation. In reality the big boys in the room didn't want this to happen at all. Had we a different political climate this would have been passed months ago. Much of it has to do with far to much compromise but in the end and in the scramble only so much was able to be compromised that everyone could barely agree to.

Up until now I didn't think S&P would do it either way but there must be something for them to gain out of it. Perhaps when manipulating the prices creating them low, 6 months from now when they upgrade the credit everyone cashes out a winner. I don't know. I look at the recession when it was real bad in 2008. People that play the stock market a lot that invested then, are even better off than they were 10 years ago. I find it amazing that a minority of voices overall however can have a total stranglehold on the conversation. It's a very dangerous trend. It is also very dangerous that the Democrats along with Obama have no spine.

Hey.. are you a kin folk to Glenn Beck??? :)
 
I know why we were downgraded... because Tim Geithner and Obama are still in charge :lamo

[...]The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.

[...]It appears that for now, new revenues have dropped down on the menu of policy options.

[...]The act contains no measures to raise taxes or otherwise enhance revenues, though the committee could recommend them.

[...]Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.
 
While Australia and the UK continue their perfect AAA credit ratings for all three.

Don't forget that socialist gulag -- Sweden -- also with a perfect AAA rating!
 
They lowered it because congress didnt go far enough to shore up its finances. This is 100% on the fault of the Tea Party and Republicans. They needed to raise taxes on the wealthy and didnt. Now we have this!!!!!!!!!!! :soap
This is a problem of spending far more than we could ever bring in. We are doomed. I believe this is what the Marxist president Obama had in mind.
 
Don't forget that socialist gulag -- Sweden -- also with a perfect AAA rating!

Let's all go to Sweden!!!! not only we'd enjoy their perfect AAA rating but we'd also enjoy their beautiful blondes!!! :mrgreen:
 
It's the weekend, and CNN stopped covering the story... The news report was short and not very informative. Is anybody still covering the story?
There is no real need to cover this story. The deal is done. Speaker Boehner and the House Republican leadership have handed the (former) one term Marxist president Obama, the opportunity to win another term. He should have walked out. Now he will have to be replaced. Cantor as well. And McConnell in the Senate. We have to get ready for the next battle. The Speaker surrendered this time.
 
You can spin it anyway you want to but BOTH parties AGREED and SIGNED the BILL. Again... it took TWO to tango.

Spinning? Who is spinning anything? What I said was the straight up facts.
 
the debt-crisis was totally created by the GOP and the Tea-Baggers.

without their games, the crisis would not have happened and we would still be AAA.

Republicans should have walked away.
 
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