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Old 06-10-2011, 01:20 PM
 
69,364 posts, read 60,442,239 times
Reputation: 9375

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Chinese Financial Ratings Agency: Accuses The US of "Already" Being In Default Of Debt

Washington had already defaulted on its loans by allowing the dollar to weaken against other currencies -- eroding the wealth of creditors including China, Guan said.

These are the same people that already downgraded Chinese credit ratings.
http://www.chinadaily.com.cn/world/2...t_12632051.htm

Shortly after downgrading USA debt
http://blogs.wsj.com/marketbeat/2010...downgrades-us/
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Old 06-10-2011, 01:21 PM
 
16,546 posts, read 12,667,296 times
Reputation: 4234
Thanks Obama!
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Old 06-10-2011, 01:31 PM
 
6,567 posts, read 13,625,245 times
Reputation: 3208
Right, because he's the one that didn't pass the bill raising the debt ceiling...
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Old 06-10-2011, 01:33 PM
 
3,681 posts, read 5,973,155 times
Reputation: 1501
Quote:
Originally Posted by Rhett_Butler View Post
Right, because he's the one that didn't pass the bill raising the debt ceiling...
As if that is the solution...apply for another credit card when you've maxed out and can't pay the first.
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Old 06-10-2011, 01:38 PM
 
69,364 posts, read 60,442,239 times
Reputation: 9375
Quote:
Originally Posted by Rhett_Butler View Post
Right, because he's the one that didn't pass the bill raising the debt ceiling...
So you think its ok to continue to spend spend spend, as long as you can find a creditor foolish enough to give you money?

You think Obama had NO impact on us reaching that debt ceiling?
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Old 06-10-2011, 01:41 PM
 
Location: Hillsboro, OR
2,200 posts, read 4,132,222 times
Reputation: 1374
Quote:
Originally Posted by pghquest View Post
So you think its ok to continue to spend spend spend, as long as you can find a creditor foolish enough to give you money?

You think Obama had NO impact on us reaching that debt ceiling?
What you people don't get is that we've already spent what we don't have over the course of the past 10 years. These are already outstanding debts that we need to be making payments on that we will not be able to unless we increase our spending flexibility.
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Old 06-10-2011, 01:42 PM
 
112 posts, read 57,052 times
Reputation: 32
Quote:
Originally Posted by Rhett_Butler View Post
Right, because he's the one that didn't pass the bill raising the debt ceiling...
Smart- Pay off one credit card with another!

The American Way!

Why is it European Governments have realized Austerity is the only way back to prosperity and America continues to swim in denial.
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Old 06-10-2011, 01:43 PM
 
6,567 posts, read 13,625,245 times
Reputation: 3208
Quote:
Originally Posted by pghquest View Post
So you think its ok to continue to spend spend spend, as long as you can find a creditor foolish enough to give you money?

You think Obama had NO impact on us reaching that debt ceiling?
Back atcha slick. Do you think Republicans "had no impact"?

Just a sudden jolt of "fiscal responsibility" now that the spending spree isn't on their pet projects it seems......

Don't get me wrong, the deficits need to stop, but this game of political chicken is f***ing stupid....

Oh and to you too.... You've become a caricature of yourself with all the s....
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Old 06-10-2011, 01:44 PM
 
112 posts, read 57,052 times
Reputation: 32
Quote:
Originally Posted by psulions2007 View Post
What you people don't get is that we've already spent what we don't have over the course of the past 10 years. These are already outstanding debts that we need to be making payments on that we will not be able to unless we increase our spending flexibility.
Increase spending flexibility- we can do that by cutting back in other areas for now.
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Old 06-10-2011, 01:47 PM
 
6,567 posts, read 13,625,245 times
Reputation: 3208
Quote:
Originally Posted by DairousTheGreat View Post
Smart- Pay off one credit card with another!

The American Way!

Why is it European Governments have realized Austerity is the only way back to prosperity and America continues to swim in denial.
Don't know.... I'm ready to listen to plans that include more than just hacking apart entitlements though. Until the Republicans are willing to propose something more than a Conservative wish-list of things to axe that THEY don't like anyway, I won't be taking their proposals too seriously.
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