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Yeah that Wall Street journal certainly reads just like a blog post
It is fairly commonly known that the huge debt we have is what caused the downgrade. But I am glad to see that you admit that spending is what caused this problem and since BO only wants to spend more, you are against him, right?
No it didn't. The downgrade was caused by the massive loss of confidence in Congress' abilities once the Tea Party Republicans showed they were incapable of the compromise necessary to govern. The market and ratings agencies witnessed this fiasco and responded accordingly. Feel free to smack yourself again.
They have nuthin but the same regressive policies that failed so epically in the past...
Funny..just point out to me how a $16 trillion debt is a good thing. And then tell us all how no plan for a balanced budget...much less no plan to pay down the debt...is a good thing. Tell us how growing the government in such economic turmoil is a good thing....and then tell us how our dollar being devalued is a good thing.
You libfarts really are obtuse. But at least you are consistent.
Unfortunately no Economist agreed nothing should have been done while the the economy cratered under the sheer weight of the prior administrations reckless spending and mismanagement. There was a plan to pay down the debt, the Republican Tea Party doesn't like it.
Funny..just point out to me how a $16 trillion debt is a good thing. And then tell us all how no plan for a balanced budget...much less no plan to pay down the debt...is a good thing. Tell us how growing the government in such economic turmoil is a good thing....and then tell us how our dollar being devalued is a good thing.
You libfarts really are obtuse. But at least you are consistent.
Not long ago you were on this forum blaming Obama for the TARP laws passed by Bush. Should you really be throwing names around here calling people stupid?
Funny..just point out to me how a $16 trillion debt is a good thing.
Ask the Republican Tea Party...they don't seem to care about the debt or the deficit.
Quote:
House Republicans are pushing a broad business tax cut that would add $46 billion to the deficit in just one year. On top of that, House committees are now looking for ways to override automatic cuts to defense spending they agreed to last August as a means of enforcing the controversial debt-limit deal.
Flip-flop in any way necessary to get votes. The GOP stands for nothing except preventing its own extinction.
Not saying you are wrong, as the GOP is definitely not in a great place.... but what does the Democrat party stand for these days except starting race wars, creating wars on women and creating poverty?
No it didn't. The downgrade was caused by the massive loss of confidence in Congress' abilities once the Tea Party Republicans showed they were incapable of the compromise necessary to govern. The market and ratings agencies witnessed this fiasco and responded accordingly. Feel free to smack yourself again.
They don't do credit downgrades on how they feel about Congress. Seriously? Did you really write that?
From Reuters concerning the credit downgrade:
"The high and rising federal and general government debt burden is not consistent with the U.S. retaining its 'AAA' status despite its other fundamental sovereign credit strengths," the ratings agency said (Fitch Ratings).
I am assuming that business is not your strong suit when you post comments such as that. Just go out on the Internet and read before you post and you will stop some of the embarrassment.
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huh?
lol...
