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Ooh brother, so now its the tea party creating crisis, and Obama giving in. Let alone the fact that nothing in the agreement was what the tea party wanted. You guys provide far too much humor to be doing this for free.. Tell me how do they pay you? By the number of laughs you get I bet..
The final agreement may not have been what the Tea Party wanted, BUT it was their behavior throughout the process that alerted the whole world that the day may come when a fringe element in this country could force a default and an economic catastrophe, not only for this country, but globally.
S&P is only telling some of us what we don't want to hear.
Of course, the debt is terrible and getting worse.
But, read the S&P report and press release. Really read it. Paragraph after paragraph, line after line, they refer to political divide. The political climate has as much to do with the downgrade AT THIS TIME as the actual debt. Their people are all over the TV saying the same thing - over and over and over. And, yet, people still refuse to hear.
Btw, S&P is on record today saying they may further downgrade in another two months - not two years.
We need to get our house in order - now.
Last edited by Ariadne22; 08-08-2011 at 11:14 AM..
Obama all but sealed his guaranteed win for the next election, with the republicans and especially the tea party looking to get steamrolled. The right's plan to try and make Obama look bad blew up in their faces big time.
Do you recall the obstructionist tactics of the dems during Bush's 2nd term? Do you recall the fact that they actually controlled congress from 2006 on? Who suffered as a result of that?
Both parties share the blame. I'm just sick of tired of the 1st grade anti-liberal bashing that constantly goes on on this forum from conservatives. That's all you care about is attacking liberals.
Heck, another thread about people running down a black man with a car got blamed on liberals.
Grow up already.
Yeah...you blame both sides....
You must just forget to post where you blame your party.
Plenty of Repubs sold out and voted for the Borrow, Tax and Spend law. Cutting spending, capping spending as a percent of GDP and passing a Balanced Budget Amendment were beyond the reach of our current congress.
Giving the same irresponsible children of both parties a new, $2.4trillion credit card, coupled with spending INCREASES every year, pretty much locked in a cut in our credit rating.
The question to ask is: Had Cut/Cap and Balance been passed, S&P, would you still have cut our credit rating? No one wants to ask that question.
Had that passed it would have shown S&P that Congress was serious about the deficit and bringing it down. It would have also shown S&P that Congress was making an effort to address the future as well.
The tea party are republicans, the radical right wing lunatic fringe.
Paul's plan is also in la-la land to destroy the department of education, housing, urban development,..etc again not cutting a penny to the main issues of the pork barrel spending, the tax cuts to the rich and the bloated military.
If all the country did was slash the bloated military, cut the unneeded handouts to big corporations and restored the wildly successful Clinton era tax plan, the country would be soaring back into fiscal sanity, but the right and especially the tea party will not touch one penny of "their" outrageous spending.
In fact, after losing the House in one of the most one-sided midterms in our history, Obama extended these tax cuts in exchange for more spending after reaching a deal with the lame ducks.
He did that to avoid having to deal with the newly elected members who represented the will of the voters.
Obama has complete contempt for the people.
Excuse me but Obama traded extending tax-cuts on the rich for extending unemployment benefits for Americans out of work. I don't think most Americans would consider unemployment benefits as unwise spending.
What I think that the hard-right has not grasped is that there is a difference between short-term and long-term and cutting spending today makes the job outlook worse and further undermines revenues and therefore doesn't reduce deficits.
Besides, Republicans ignored the will of the people back in 2008.
from this president. Unprecedented. After the HISTORIC obama downgrade, one would expect obama to address the nation on the matter....but no, he's hunkered down...ready to continue his fund raising.
He will be addressing the country within the hour. Watch him to further plummet the markets. Frankly if Obama announced he would not run for re-election we'd see a rebound.
the nation, really? the problem isnt just the republicans or the democrats, it is BOTH PARTIES. in this case however the democrats need to bear the brunt of the responsibility as they were the ones that continually blocked ALL efforts to reign in profligate spending. S&P was looking for $4 trillion in cuts over the next ten years, and that is what the republicans started with. but the intransigence of the current democrats in congress and in the white house wouldnt budge because they did not want to curb excessive spending.
in the end the deficit "deal" that was signed is really smoke and mirrors, and the S&P saw through it. if this country wants its AAA rating back, it will have to cut spending substantially, and BOTH SIDES are going to to take a huge bite from the feces pie.
So what should have Obama done with all that private sector debt?
I would've been happy to see America's financial sector fail, because I hate those bastards. It looks to Obama was trying to appease the plutocracy wing of the GOP.
First, stop putting a label on it.
The GOP and DNC have no "REAL" control over this. Although I should point out that in 2005, the GOP tried to investigate FMAE and FMAC, and every Democrat railed against it in lock step, saying "Fannie Mae and Freddie MAC are liquid and there are no problems with these programs". Now we know the truth, they were lying to everyone. Shame on Frank, Waters and the rest of those crooks. They went so far as to say that it was Republicans trying to oppress the poor. While they, themselves, were deliberately driving the poor deeper into poverty by forcing banks to make loans that they KNEW THE POOR COULD'NT AFFORD! This also artificially pumped the housing market until it ultimately burst.
Too big to fail? How about bankrupting the USA, while the the citizens are bailing out the banks. NO ACCOUNTABILITY ACCOUNTING and rewards for the crooks who invented these toxic money vehicles. Where are the prison sentences for these scammers? Instead of Prison they are sitting on Obamas' staff.
Even now Democrats are only using this as a way to demean the TP as if fiscal responsibility is a sin.
Quote:
Originally Posted by MTAtech
Excuse me but Obama traded extending tax-cuts on the rich for extending unemployment benefits for Americans out of work. I don't think most Americans would consider unemployment benefits as unwise spending.
Besides, Republicans ignored the will of the people back in 2008.
Yes they did! Both sides have been ignoring the people equally for years now.
As for unemployment, you couldn't be more wrong. 98 weeks of paying people not to work will only get millions of people who push it all the way to 98 weeks. It's a farce and doesn't do anything to help the economy. Thats just more spendonomics and only creates more pseudo economy growth.
It's like buying a BMW and a hooker on credit, everyone thinks you have money... for awhile. Frankly, I'm tired of paying for politicians hookers.
Last edited by steven_h; 08-08-2011 at 10:53 AM..
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