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United States loses its AAA Credit rating from S & P

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Conservative said:
What does the U.S. Senate report have to do with the downgrade in our credit rating?
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So you don't think having major financial institutions in jeopardy could possibly effect the US's credit rating?
 
pbrauer said:
What does you comment have anything to do with the U.S. Senate report?????????????
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Page 26 of the report:


Despite the increasing use of high risk loans to support mortgage related securities,
mortgage related securities continued to receive AAA and other investment grade ratings from
the credit rating agencies, indicating they were judged to be safe investments. Those credit
ratings gave a sense of security to investors and enabled investors like pension funds, insurance
companies, university endowments, and municipalities, which were often required to hold safe
investments, to continue to purchase mortgage related securities.
 
Polotick said:
Oh, please continue. What exactly is it that you know about me, O Great One?
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Do you really want to go there? It would take me about a day. I can review your post history and develop a reasonably accurate assessment of your actual political beliefs and contrast them with your professed beliefs. I can probably find enough individual information to develop a history. Maybe I will.
 
winston53660 said:
So you don't think having major financial institutions in jeopardy could possibly effect the US's credit rating?
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The credit rating was downgraded because of Congressional spending and no honest attempt to reduce it.
 
winston53660 said:
So you don't think having major financial institutions in jeopardy could possibly effect the US's credit rating?
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Why would anyone think thay would be possible? We all no the only thing we need to know. Obama is evil. :coffeepap
 
Ockham said:
Is that the new talking point? S&P is corrupt now. First it was the Tea Party's fault, now it's S&P's fault, it's always been the Republicans fault, and when Obama took office it was Bush's fault.

It's always someone or something elses fault isn't it? :lamo
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Dare you to read the report.:roll:
 
pbrauer said:
Page 26 of the report:


Despite the increasing use of high risk loans to support mortgage related securities,
mortgage related securities continued to receive AAA and other investment grade ratings from
the credit rating agencies, indicating they were judged to be safe investments. Those credit
ratings gave a sense of security to investors and enabled investors like pension funds, insurance
companies, university endowments, and municipalities, which were often required to hold safe
investments, to continue to purchase mortgage related securities.
Click to expand...

And that has what to do with the U.S Credit downgrade? This country has a spending problem which you fail to recognize
 
Misterveritis said:
And democrats. Will you join me in calling for a balanced budget Constitutional Amendment?
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You wouldn't like the results. It would likely lead to not only to cuts YOU don't want (military), but also to tax increases. In the past, I've link this from conservartive sites that oppose such a measure.
 
pbrauer said:
What does you comment have anything to do with the U.S. Senate report?????????????
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You were expecting a straight answer? Dodging questions and creating strawmen is the SOP for the GOP.

Conservative said:
I wonder if you understand what having a debt 100% of our GDP means? Apparently it doesn't matter when a Democrat creates it, right?
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Nice strawman! Also, for your information, the net public debt-to-GDP ratio is closer to 60%. Also for your information, Mr. Obama inherited a $1.3-trillion debt from Mr. Bush. But then again, you're a conservative, so I don't expect you to let those pesky facts get in your way.
 
Conservative said:
The credit rating was downgraded because of Congressional spending and no honest attempt to reduce it.
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That's pure BS and you of all people should know that. A credit report is based upon your ability to repay the loan.
 
Phys251 said:
May I ask what your reservation is to clean air and water and to solid education?
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quite a construct, that

meanwhile, chief of staff daley to the potential donors: "the number of rules and regulations that come out of agencies is overwhelming...

"but we're trying to bring some rationality to it"

LOL!
 
Conservative said:
Yep, spending too much causes debt, govt. revenue grew after the Bush tax cuts were fully implemented just like they did when the Reagan tax cuts were fully implemented
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Spending and not paying for it causes debt. Yes.
 
Phys251 said:
You were expecting a straight answer? Dodging questions and creating strawmen is the SOP for the GOP.



Nice strawman! Also, for your information, the net public debt-to-GDP ratio is closer to 60%. Also for your information, Mr. Obama inherited a $1.3-trillion debt from Mr. Bush. But then again, you're a conservative, so I don't expect you to let those pesky facts get in your way.
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Net public debt isn't total debt and excludes the trillions in unfunded liabiilities. Where is your SS "contribution" today?

For your information you don't know the difference between debt and deficit. Obama inherited a 10.4 trillion dollar debt from Bush and a PROJECTED 1.3 trillion dollar deficit. Suggest you learn the difference and then realize that Bush couldn't have created a 1.3 trillion dollar deficit in less than 4 months of fiscal year 2009 since he left office in January. Apparently you are a liberal and haven't a clue what facts really are.
 
Misterveritis said:
True. Public sector union jobs were protected by transferring taxpayer money to them through the states. This is one more reason why public sector unions must be emasculated if not actually outlawed.
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For protecting jobs? How evil.


:coffeepap
 
Conservative said:
And that has what to do with the U.S Credit downgrade? This country has a spending problem which you fail to recognize
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The huge debt we have today is mostly because of the financial meltdown, which S&P was complicit in creating.

Despite the increasing use of high risk loans to support mortgage related securities,
mortgage related securities continued to receive AAA and other investment grade ratings from
the credit rating agencies, indicating they were judged to be safe investments. Those credit
ratings gave a sense of security to investors and enabled investors like pension funds, insurance
companies, university endowments, and municipalities, which were often required to hold safe
investments, to continue to purchase mortgage related securities.
Click to expand...
 
The Prof said:
tell it to the chief of staff

"sometimes you can't defend the indefensible"

june 16
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The Prof said:
quite a construct, that

meanwhile, chief of staff daley to the potential donors: "the number of rules and regulations that come out of agencies is overwhelming...

"but we're trying to bring some rationality to it"

LOL!
Click to expand...

Is my question really so difficult to answer? Again, what your reservation is to clean air and water and to solid education?
 
pbrauer said:
The huge debt we have today is mostly because of the financial meltdown, which S&P was complicit in creating.
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What does that have to do with the statement by S&P regarding the downgrade? This country spends too much and you don't seem to have a problem with debt created by Obama
 
Conservative said:
What does that have to do with the statement by S&P regarding the downgrade? This country spends too much and you don't seem to have a problem with debt created by Obama
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And you don't seem to have a problem with debt created by any body with an R in front of their name.:peace
 
Phys251 said:
May I ask what your reservation is to clean air and water and to solid education?
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Do you believe that it requires federal regulations for either? As people become wealthy they do a better job of cleaning of the environment. We have arrived. We don't need the federal government to burden us with thousands of pages of regulations and criminal statutes.

The extra-constitutional Education Department does no educating. They provide parking spots for liberals and a means to funnel taxpayer money to public sector unions. Fire them all, sell the buildings. The students and the taxpayers will be far better off.
 
winston53660 said:
And you don't seem to have a problem with debt created by any body with an R in front of their name.:peace
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Yes, but there is nothing we can do about the debt in the past except what you do,, whine about it. We have a chance to do something about it now and "your" President put Bush spending on steroids which you and others want to ignore and try to justify. Obama inherited a 10.4 trillion debt that is now 14.5 trillion in less than 3 years. If you have outrage about the past why no outrage now?
 
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