Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Ok, because we don't know each other and this is the internet I'll just be nice about this.
I'm a Ron Paul Republican, I did not vote for Bush the first or the second time. "My party" literally cased none of this as I do not have a party.
BTW, we are still in Iraq killing people, Afghanistan is expanded, a war with Pakistan and Libya have been started under Obama and now we shit talk another country. Is that your party? Are you in the biggest war party in US history, the Democratic party? Bush was bad, his Rep congress was bad but the Dem congress was worse and Obama in just 3 years is worse. They repealed nothing and expanded a lot.
If Obama ended Iraq, Afghanistan and the other wars while closing bases things would be much better off, but he did not and he has the power to instantly.
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]
Now add Medicaid, Medicare and Social Security, and Obama's 2011 budget has a $1.27 trillion deficit. It's the entitlements, stupid.
Nor can you tax your way out of debt. Eliminate all of the Bush tax cuts, including the tax cuts for low- and middle-income Americans, and you would reduce the debt by perhaps 10% assuming you didn't cripple the economy in the process. Tax the rich? That won't get you there either. In fact, according to the Congressional Budget Office, in order to pay for all currently scheduled federal spending would require raising both the corporate tax rate and top income tax rate from their current 35% to 88%, the current 25% tax rate for middle-income workers to 63%, and the 10% tax bracket for low-income workers to 25%.
We have a spending problem
Speaking of Leaders
Flashback: S&P Raised Texas' Bond Ratings from AA to AA+ , thanks to Perry
Tip: Ace of Spades
AUSTIN Standard & Poors (S&P) has raised Texas issuer credit and general obligation credit ratings to AA+ from AA based on the states strong and diverse economy and strong leadership from the governor and Legislature that has left a projected $9 billion in the states Rainy Day Fund. S&P also raised its rating on the states appropriation debt to AA from AA-.
The ratings continue to reflect our opinion of the state's large and steadily diversifying economy, which despite the recession continues to perform better than the nation in terms of both economic activity and employment, S&P credit analyst Horacio Aldrete-Sanchez said. Furthermore, we expect that the Texas economy will recover earlier and at a faster rate than most other states given its continued population growth and relatively low cost of doing business, which we expect will contribute to gradual employment gains in 2010, particularly in the health, education and services sectors.
S&Ps decision was based on Texas 2010-11 biennial budget, the states strong Rainy Day Fund, and Texas low tax-supported debt burden. The higher rating means Texas will pay lower interest on money it borrows, saving of millions of taxpayer dollars.
He has no leadership? That is so disengenuous it's a total LIE, A-hole. tyvm
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!!!!!!!!!!!
Hmmm.. Looks as if you left a little out when you cherry picked the article..
" It appears that for now, new revenues have dropped down on the menu of policy options. 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."
and...
" Standard & Poors 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."
S&P Downgrades U.S. Debt Rating Press Release - MarketBeat - WSJ
Regardless of the spin that the left is attempting.. Obama owns this mess. You can cry about the mean Republicans not cooperating and the Tea Party meddling and it still comes down to the fact that Obama has ZERO leadership ability. He's not the first president to have to work with a divided and hostile Congress. He's just the first to freaking fail so spectacularly. His job as the "leader" was to get all parties working for the good of the nation. He just has never been able to realize that he was elected president of the nation, not president of the Democrat party. He's spent his entire term so fucking focused on getting his special interest supporters pet projects done that he didn't seem to notice that he was leaving destruction in his path. He killed drilling in the gulf with his moratorium.. killed the space program and has left us for the last two years with sky high energy costs. Hell yes he owns this mess.
Boehner got ’98 percent’ of what he wanted in debt deal | Raw ReplayThis puts Obama in a hard place...he has two options:
1. Accept responsibility, like an adult, by admitting failure.
2. Blame the Republicans, demonstrating that he lacks the ability to control a minority party in time of crisis.
You dont understand this subject. I can tell. Let me help you too.....
Let me explain why this wouldnt have happened IF the congress raised taxes on the wealthy.....
What did Boehner say he got? 98% of what REPUBLICANS wanted.
Now why did the S&P lower the credit rating?
Because the REPUBLICANS GOT WHAT THEY WANTED!
And the Dems DIDNT!
Now..... go back and read WHY the S&P lowered the credit rating:
view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.
If you cant understand this simple, direct stuff, then youre just lost.
Did Hannity ever make a correction on air for that editing job?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]
OK, so Standard and Poors has gone ahead with the threatened downgrade. Its a strange situation.
On one hand, there is a case to be made that the madness of the right has made America a fundamentally unsound nation. And yes, it is the madness of the right: if not for the extremism of anti-tax Republicans, we would have no trouble reaching an agreement that would ensure long-run solvency.
On the other hand, its hard to think of anyone less qualified to pass judgment on America than the rating agencies. The people who rated subprime-backed securities are now declaring that they are the judges of fiscal policy? Really?
