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Topic: S&P Downgrades the USA< Next Oldest | Next Newest >
 Post Number: 11
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PostIcon Posted on: Aug. 06 2011,3:01 pm  Skip to the next post in this topic. Ignore posts   QUOTE

Is it clear?  I am not happy with the bill the republican led house put to the senate, I don't like the senate's changes any better, and I haven't seen crap from the president.  He has all kinds of idea on other things but when it comes to a budget suddenly he can't put anything together?
There is plenty of blame to go around, across party lines.
THEY ALL SUCK.


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After we screw up health care reform, let's take on the initiative of unscrewing the education system (gov't education)
Tacitus: (c. 56 AD-c. 117) "The more corrupt the state, the more it legislates."
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PostIcon Posted on: Aug. 06 2011,6:09 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

The congress draws up the budget, the senate OK's it and the President signs it, even if it stinks.... :( ....ned
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PostIcon Posted on: Aug. 06 2011,7:33 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

America’s ability to pay is neither here nor there: the problem is its willingness to pay. And there’s a serious constituency of powerful people in Congress who are perfectly willing and even eager to drive the US into default. The Tea Party is fully cognizant that it has been given a bazooka, and it’s just itching to pull the trigger. There’s no good reason to believe that won’t happen at some point.

http://www.economist.com/blogs...ing-cut
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PostIcon Posted on: Aug. 06 2011,11:29 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(nedkelly @ Aug. 06 2011,6:09 pm)
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The congress draws up the budget, the senate OK's it and the President signs it, even if it stinks... :( ...ned

How MANY times does Congress have to draw up a budget plan :dunno:  
How MANY times does Senate say...we are NOT gonna pass that budget (with their trademark I am not gonna even read it slogan) :dunno:  Talk about partisan politics.
Then at the 11th hour throw something together to appease the voting public.


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PostIcon Posted on: Aug. 06 2011,11:33 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(grassman @ Aug. 06 2011,8:56 am)
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Boner?
This country has become the playground for spoiled rich kids. Don't try and blame it on ONE person.  :p

You are right!!  
Remember Obama getting on TV saying to the public;
call, email, text, your Congressman, Senators, tell them what you want,  what you need, let your voices be heard!
He wants to blame this one on all of us :dunce:


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PostIcon Posted on: Aug. 07 2011,12:12 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Santorini @ Aug. 06 2011,11:33 pm)
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You are right!!  
Remember Obama getting on TV saying to the public;
call, email, text, your Congressman, Senators, tell them what you want,  what you need, let your voices be heard!
He wants to blame this one on all of us :dunce:

Obama: "So please, to all the American people, keep it up," he says. "If you want to see a bipartisan compromise ... let your members of Congress know. Make a phone call, send an email, Tweet. Keep the pressure on Washington." (10:42 a.m.)

Obama wraps it up. "For all the intrigue and drama taking place on Capitol Hill right now, I’m confident that common sense and cooler heads will prevail."
http://www.politico.com/politic...77.html

Boehner: When you look at this final agreement that we came to with the white House, I got 98 percent of what I wanted. I'm pretty happy.
http://www.cbsnews.com/stories...8.shtml

Balanced approach? Compromise? I don't think so..
We got a downgrade because Republicans held the future of the country hostage.. :dunce:  

Never jack with the full faith and credit of the United States..
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PostIcon Posted on: Aug. 07 2011,12:39 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(MADDOG @ Aug. 06 2011,11:02 am)
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I agree to some extent, but practical application is always just a little bit handy.  I see it all the time in my bussiness.  They take a guy who has never turned a wrench and make him a service manager or (gawd) take an accountant and make him a sales manager.  In most of those cases, it wasn't good.  :dunno:   Who knows what a cheerleader can do?

I see your point on the service manager and sales manager having knowledge of those areas.  But since government is not a for-profit business, I don't see the need for a president or governor to have business experience.  If she or he does, that's fine, but what difference will it make?  History has plenty of examples of business people who got to the oval office and couldn't even propose a balanced budget under any circumstance.

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Obama isn't necessarily the one who needs to be hung out to dry


He may be the one who needs to be hung out to dry depending on what happens between now and 2014.  There are a few areas I'm not happy with.  But I don't see myself voting repub again for a very long time either.  Maybe I'll have to pick a good write in vote, like Dennis Kucinich?   :;):


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PostIcon Posted on: Aug. 07 2011,2:44 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

QUOTE

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. Key macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.


Seems to me that S&P is blaming the GOP.


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The people are masters of both Congress and courts, not to overthrow the Constitution, but to overthrow the men who pervert it!
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PostIcon Posted on: Aug. 07 2011,2:45 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

So the S&P downgrades America's credit rating to AA+ with more downgrades to come, these same crapbirds were providing AAA ratings to worthless sub-prime mortgage securities on behalf of Wall Street investment firms not long ago, WTF do they know??

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History is no more than the lies agreed upon by the victors.
             
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PostIcon Posted on: Aug. 07 2011,5:16 pm Skip to the previous post in this topic.  Ignore posts   QUOTE


(Expatriate @ Aug. 07 2011,2:45 pm)
QUOTE
So the S&P downgrades America's credit rating to AA+ with more downgrades to come, these same crapbirds were providing AAA ratings to worthless sub-prime mortgage securities on behalf of Wall Street investment firms not long ago, WTF do they know??

LIKE!!

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After we screw up health care reform, let's take on the initiative of unscrewing the education system (gov't education)
Tacitus: (c. 56 AD-c. 117) "The more corrupt the state, the more it legislates."
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