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Join the Constitutional Conservative Movement. It's our nation's only hope at this point. The Socialists/Progressives & Neocons don't have the answers. Join and as many,we will triumph.
They indicted the Republican Party right now in Washington. Its a question about whether or not there will be a change in fashion and whether or not it will be a wake-up call that the parties need to work together rather than the Republicans fashion right now, which is any deal is a bad deal.
Alex Castellanos: Where to begin? I dont think the Republicans think any deal is a bad deal. When you look at the ratings, these Republicans in Congress are saying how can you grow an economy when you have to service this growing debt? They put their foot down on that. The problem is not Republican intransigence, the problem is balance, as the president likes to call it. We have balance. We have Republican intransigence, and we have Democratic intransigence. Thats why we got nothing done.
Rachel Maddow: Thats not why S&P says they downgraded us though. S&P said the downgrade was motivated by the debate of raising the debt ceiling. Thats why they say they downgraded us, not because theres too much debt but rather Washington is not working. We did something insane with getting that close to defaulting on purpose.
Posting proof that stupidity runs deep on the left, probably wasnt your best move.
Merged-Meister
Other than as a political football, and something for the talking heads to talk about, S&P downgrading US debt is meaningless. They might as well downgrade the sun or the ocean, or complain about the weather.
Regardless of how safe you think Treasuries are, they remain the safest investment there is. They are the chief assets of our central bank. Money itself is backed by Treasuries. The dollar, in turn, backs currencies around the world.
US debt, in other words, is the foundation of the world's economic system. If US debt is not safe, nothing is. Not even money itself.
S&P's downgrade will have no effect.
"There isn't a fund that owns Treasuries just because they're rated AAA," says Ben Inker, head of asset allocation for the asset management firm GMO. "They own Treasuries because, well, they're Treasuries."
How do know what side he is really from?
Unless you were actually there and spoke to him
Both sides of the political have put
fake "protesters" into groups to make the other look bad
Rachel Maddow Debunks GOP Talking Point That S&P Downgrade Was Due To Debt
Exactly!!!
They indicted the Republican Party right now in Washington. Its a question about whether or not there will be a change in fashion and whether or not it will be a wake-up call that the parties need to work together rather than the Republicans fashion right now, which is any deal is a bad deal.
Alex Castellanos: Where to begin? I dont think the Republicans think any deal is a bad deal. When you look at the ratings, these Republicans in Congress are saying how can you grow an economy when you have to service this growing debt? They put their foot down on that. The problem is not Republican intransigence, the problem is balance, as the president likes to call it. We have balance. We have Republican intransigence, and we have Democratic intransigence. Thats why we got nothing done.
Rachel Maddow: Thats not why S&P says they downgraded us though. S&P said the downgrade was motivated by the debate of raising the debt ceiling. Thats why they say they downgraded us, not because theres too much debt but rather Washington is not working. We did something insane with getting that close to defaulting on purpose.
Merged-Meister
Other than as a political football, and something for the talking heads to talk about, S&P downgrading US debt is meaningless. They might as well downgrade the sun or the ocean, or complain about the weather.
Regardless of how safe you think Treasuries are, they remain the safest investment there is. They are the chief assets of our central bank. Money itself is backed by Treasuries. The dollar, in turn, backs currencies around the world.
US debt, in other words, is the foundation of the world's economic system. If US debt is not safe, nothing is. Not even money itself.
S&P's downgrade will have no effect.
"There isn't a fund that owns Treasuries just because they're rated AAA," says Ben Inker, head of asset allocation for the asset management firm GMO. "They own Treasuries because, well, they're Treasuries."
That's quite a spin, Sundial. Money will cost the US more to borrow in the future. Mortgage rates will go up, along with auto loans, etc.
Look at the whole picture, and not the 20 pixels you were expounding on.
"If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That's the fiscal gap," he says. "That's our true indebtedness."
Kerry Slams 'Tea Party Downgrade'
Senator John Kerry (D-MA), appearing on NBC's "Meet the Press" on Sunday, blamed Republicans and in particular Tea Party intransigence for the unprecedented S&P downgrade of U.S. credit from AAA to AA+.
"I believe this is without question the Tea Party downgrade," he said. "This is the Tea Party downgrade because a minority of people in the House of Representatives countered the will of even many of Republicans in the United States Senate who were prepared to do a bigger deal."
Kerry intimated that the "grand bargain" that President Obama initially negotiated with House Speaker John Boehner (R-OH), a package of larger spending cuts and revenue increases, was scuttled by a smaller group of Republicans who were unwilling to negotiate at any cost.
"There were some people in the Republican party - and Mitch McConnell even admitted this - who wanted to default," Kerry said. "He said there were people in his party who were willing to shoot the hostage. In the end they found that the hostage was worth ransoming."
MORE: Kerry Slams 'Tea Party Downgrade' | TPMDC
Kerry Slams 'Tea Party Downgrade'
Senator John Kerry (D-MA), appearing on NBC's "Meet the Press" on Sunday, blamed Republicans and in particular Tea Party intransigence for the unprecedented S&P downgrade of U.S. credit from AAA to AA+.
"I believe this is without question the Tea Party downgrade," he said. "This is the Tea Party downgrade because a minority of people in the House of Representatives countered the will of even many of Republicans in the United States Senate who were prepared to do a bigger deal."
Kerry intimated that the "grand bargain" that President Obama initially negotiated with House Speaker John Boehner (R-OH), a package of larger spending cuts and revenue increases, was scuttled by a smaller group of Republicans who were unwilling to negotiate at any cost.
"There were some people in the Republican party - and Mitch McConnell even admitted this - who wanted to default," Kerry said. "He said there were people in his party who were willing to shoot the hostage. In the end they found that the hostage was worth ransoming."
MORE: Kerry Slams 'Tea Party Downgrade' | TPMDC
John F'n Kerry....
Helluva lot better than W 'the nightmare' Booosh, even if he IS smart and can talk in sentences....Pub Dupes!!
