S&P downgrades US credit rating, cites political difficulties (2013, mortgages) - New Jersey (NJ) - City-Data Forum

JERSEY MAN · 08-06-2011, 07:19 AM

Thanks politicians for your nonsense last month over the debt limit. This will hurt NJ even more now, higher mortgages, credit cards, student loans and so forth. What a shame.

camaro69 · 08-06-2011, 07:20 AM

Well, Obama did promise change.

Guess we didn't realize that it was the money in our pocket going from bills to coin.

JERSEY MAN · 08-06-2011, 07:34 AM

Quote:

Originally Posted by MPBsr

Well, Obama did promise change.

Guess we didn't realize that it was the money in our pocket going from bills to coin.

LOL, i guess the hope and change thingy will turn my bills into pennies.

CaptainNJ · 08-06-2011, 07:42 AM

good. the federal government shouldnt be allowed to take on debt.

EBWick · 08-06-2011, 07:44 AM

The debt limit was raised like 70 times in previous administrations without debate. The teabaggers think you can just cut spending without raising revenue. These government-hating idiots played a big part in getting us downgraded in an already awful economy. Congratulations.

S&P basically said taxes will have to be raised to balance the country's books.

EBWick · 08-06-2011, 07:46 AM

Quote:

Originally Posted by CaptainNJ

good. the federal government shouldnt be allowed to take on debt.

Who said this?

"Deficits don't matter"

CaptainNJ · 08-06-2011, 07:52 AM

Quote:

Originally Posted by EBWick

Who said this?

"Deficits don't matter"

do you believe that deficits dont matter?

CaptainNJ · 08-06-2011, 07:57 AM

Quote:

Originally Posted by EBWick

The debt limit was raised like 70 times in previous administrations without debate. The teabaggers think you can just cut spending without raising revenue. These government-hating idiots played a big part in getting us downgraded in an already awful economy. Congratulations.

S&P basically said taxes will have to be raised to balance the country's books.

and us tea baggers say that spending must be cut, taxes should be cut also.

and come 2013, we will have the house, senate and presidency. bazinga.

banger · 08-06-2011, 08:05 AM

The Government borrows 1.2 TRILLION Dollars per year!!!

Just how long did they think this could go on.

Next year, 40 cents on every Dollar the Government spends is borrowed money.

For those that doubt the significance. according to the "debt clock" that is over $46,000 per citizen.

Even more frightening is that it is over $130.000 per Tax Payer!

Recall, only approx 1/2 the population pays any income tax at all.

pvs · 08-06-2011, 09:15 AM

Quote:

Originally Posted by MPBsr

Well, Obama did promise change.

Guess we didn't realize that it was the money in our pocket going from bills to coin.

Yup, I voted for him myself

, and now I see that he meant to spell it "Change you can be leavin'".

IMO, he had some great ideas, but not a vertebra in place to make them happen.

Sadly, I see nobody coming up who can do the job ... NOBODY!