Merged Credit downgrade threads

chill, dude, it's not worth having a stroke.

it's obvious that the fault lies with the pols of both parties and with ourselves.

stomping your feet won't change it.

deal

Ourselves? No, I'm sorry I haven't ever been on government assistance and I find it unconscionable that the government spends, on average since this president took office, $80 billion a month more than they take in. ON WHAT.

I have a child due in two months, and he will be born in a country in decline, DON'T TELL ME TO CHILL.


[ame=http://www.youtube.com/watch?v=DsrFa9jrpv8]‪Child's Pay 2‬‏ - YouTube[/ame]

:clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2:
 
It was gonna happen, we haven't deserved the AAA rating for quite awhile. And it's not just on the Dems either, it's not like the GOP were as fiscally responsible under Bush43 as they shoulda been.
 
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!!!!!!!!!!! :mad:

class warfare ain't going to save your sorry spending other people's money asshole.

It's not class warfare you dumbass look at the numbers. Revenue is at 14% of GDP when historically it has been between 17-20%. When the total non defense discretionary budget is only 3% you aren't going to affect the budget without some revenue enhancements.

It is clear to Alan Simpson, it is clear to the Gang of six, it is clear to S&P. It is clear to the whole damm country except the idiots in the tea party most of whom barely have a college education.
 
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!!!!!!!!!!! :mad:

class warfare ain't going to save your sorry spending other people's money asshole.

It's not class warfare you dumbass look at the numbers. Revenue is at 14% of GDP when historically it has been between 17-20%. When the total non defense discretionary budget is only 3% you aren't going to affect the budget without some revenue enhancements.

It is clear to Alan Simpson, it is clear to the Gang of six, it is clear to S&P. It is clear to the whole damm country except the idiots in the tea party most of whom barely have a college education.

:cuckoo::cuckoo::tongue:
 
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!!!!!!!!!!! :mad:

class warfare ain't going to save your sorry spending other people's money asshole.

It's not class warfare you dumbass look at the numbers. Revenue is at 14% of GDP when historically it has been between 17-20%. When the total non defense discretionary budget is only 3% you aren't going to affect the budget without some revenue enhancements.

It is clear to Alan Simpson, it is clear to the Gang of six, it is clear to S&P. It is clear to the whole damm country except the idiots in the tea party most of whom barely have a college education.

You are 100% correct. Im glad that someone else understands the reality of the situation!

But you KNOW Hannity is going to spin this like this:

[ame=http://www.youtube.com/watch?v=1MjRV-UTs9o&list=FL2yfls4eNz-o&index=11]‪How Fox "News" Makes You Stupid‬‏ - YouTube[/ame]
 
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!!!!!!!!!!! :mad:

class warfare ain't going to save your sorry spending other people's money asshole.

It's not class warfare you dumbass look at the numbers. Revenue is at 14% of GDP when historically it has been between 17-20%. When the total non defense discretionary budget is only 3% you aren't going to affect the budget without some revenue enhancements.

It is clear to Alan Simpson, it is clear to the Gang of six, it is clear to S&P. It is clear to the whole damm country except the idiots in the tea party most of whom barely have a college education.

Spending is also at 25% GDP
When it has been historically around 20%

We have a spending problem not a tax problem

Gov't is addicted to spending and it appears we just got our first "intervention" by way of S&P.
 
class warfare ain't going to save your sorry spending other people's money asshole.

It's not class warfare you dumbass look at the numbers. Revenue is at 14% of GDP when historically it has been between 17-20%. When the total non defense discretionary budget is only 3% you aren't going to affect the budget without some revenue enhancements.

It is clear to Alan Simpson, it is clear to the Gang of six, it is clear to S&P. It is clear to the whole damm country except the idiots in the tea party most of whom barely have a college education.

Spending is also at 25% GDP
When it has been historically around 20%

We have a spending problem not a tax problem

Gov't is addicted to spending and it appears we just got our first "intervention" by way of S&P

Not according to S&P themselves.


Allow me to repeat myself, with bold red writing.

[...]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.

S&P Downgrades U.S. Debt Rating — Press Release - MarketBeat - WSJ
 
class warfare ain't going to save your sorry spending other people's money asshole.

It's not class warfare you dumbass look at the numbers. Revenue is at 14% of GDP when historically it has been between 17-20%. When the total non defense discretionary budget is only 3% you aren't going to affect the budget without some revenue enhancements.

It is clear to Alan Simpson, it is clear to the Gang of six, it is clear to S&P. It is clear to the whole damm country except the idiots in the tea party most of whom barely have a college education.

You are 100% correct. Im glad that someone else understands the reality of the situation!

But you KNOW Hannity is going to spin this like this:

[ame=http://www.youtube.com/watch?v=1MjRV-UTs9o&list=FL2yfls4eNz-o&index=11]‪How Fox "News" Makes You Stupid‬‏ - YouTube[/ame]

LOL Why are we not surprised you consider comedians leadership.

Is it because your sides policies are a joke?
 
It's not class warfare you dumbass look at the numbers. Revenue is at 14% of GDP when historically it has been between 17-20%. When the total non defense discretionary budget is only 3% you aren't going to affect the budget without some revenue enhancements.

It is clear to Alan Simpson, it is clear to the Gang of six, it is clear to S&P. It is clear to the whole damm country except the idiots in the tea party most of whom barely have a college education.

Spending is also at 25% GDP
When it has been historically around 20%

We have a spending problem not a tax problem

Gov't is addicted to spending and it appears we just got our first "intervention" by way of S&P

Not according to S&P themselves.


Allow me to repeat myself, with bold red writing.

[...]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.

S&P Downgrades U.S. Debt Rating — Press Release - MarketBeat - WSJ


This was debunked each time you posted it....

You are perpetually stupid....
 
I can't wait to hear what so-called Republican leaders like McConnell, Boehner and Cantor have to say about this. Will they accept "any" blame - or will they simply point their fingers at Obama?
 
It's not class warfare you dumbass look at the numbers. Revenue is at 14% of GDP when historically it has been between 17-20%. When the total non defense discretionary budget is only 3% you aren't going to affect the budget without some revenue enhancements.

It is clear to Alan Simpson, it is clear to the Gang of six, it is clear to S&P. It is clear to the whole damm country except the idiots in the tea party most of whom barely have a college education.

Spending is also at 25% GDP
When it has been historically around 20%

We have a spending problem not a tax problem

Gov't is addicted to spending and it appears we just got our first "intervention" by way of S&P

Not according to S&P themselves.


Allow me to repeat myself, with bold red writing.

[...]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.

S&P Downgrades U.S. Debt Rating — Press Release - MarketBeat - WSJ


You forget (with no red letters) from the same article
:eusa_whistle:

In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

Standard & Poor’s takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.’s finances on a sustainable footing.​
 
Why hasn't S+P apologized and made it AAA again yet? Are they PUBS who are always right, especially when they're embaraasingly wrong, and LYING? JFChrist!!! Or is this "Weekend at Ronnie's?" This country is officially whacked, after years of Pub lies, idiocy, and catastrophe their gigantic big lie propaganda machine won't even ADMIT to..."Un-American" (Time) A-holes and silly dupes...
 

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