Dirty Harry Reid's plan would only cut 375B over TEN years (Congressmen, accuse)

[HappyTexan]

Originally Posted by Rggr

That may be the one benefit, but it comes with a high price. Congress is completly dysfunctional.




Absolutely. We're been headed down this path and pretending like it wouldn't happen because we're the USA.

And Congress just happens to have a meeting today with those rating agencies. Odd timing..eh ?

Oversight Subcommittee Hearing Focuses on Credit Rating Agencies | House Committee on Financial Services

[Bulldogdad]

Originally Posted by Rggr

True.
The Huffington Post (not Fox) is reporting that we need to cut $4 trillion, so neither of these plans should be supported.

U.S. Credit Rating Downgrade Looking Likely Even If Debt Ceiling Deal Is Reached

Exactly so get behind Cut, Cap and Balance!

[Winter_Sucks]

Originally Posted by Bulldogdad

Exactly so get behind Cut, Cap and Balance!

A slogan? I'm sure that will cure the US financial ills. This whole debate is depressing.

[DC at the Ridge]

Originally Posted by Rggr

I agree with that. My concern is that, with it already being a realistic discussion, time is running short. It's been put off for so long, by both parties, that we're getting pretty close. They way Congress operates, we may soon be faced with the options of either losing the credit rating or just hacking away - neither of which are good options.

I heard a commentator this afternoon comment that this Congress's actions are "squandering" our credit rating, and I think that's very true. The reason I'm not a fan of Boehner's plan is that the debt ceiling continues to be a pawn in the political partisan gamesmanship. And that's what's going on here in our current government, gamesmanship instead of statesmanship.

[Bulldogdad]

Originally Posted by Winter_Sucks

A slogan? I'm sure that will cure the US financial ills. This whole debate is depressing.

Strike one. Guess again.

[Winter_Sucks]

Originally Posted by Bulldogdad

Strike one. Guess again.

Explain to me then how Americans will support huge cuts to Medicare/Medicaid and Social Security while preserving low taxes for billionaires?

The plan has a cute name, but the details are evil.

[Rggr]

Originally Posted by DC at the Ridge

I heard a commentator this afternoon comment that this Congress's actions are "squandering" our credit rating, and I think that's very true. The reason I'm not a fan of Boehner's plan is that the debt ceiling continues to be a pawn in the political partisan gamesmanship. And that's what's going on here in our current government, gamesmanship instead of statesmanship.

Once again, I completely agree, my friend. Congress is dysfunctional right now and the rest of the world sees it. Unfortunately, until there is some real action taken, the debt ceiling will continue to be a pawn because we will hit it again.

[Rggr]

Originally Posted by HappyTexan

And Congress just happens to have a meeting today with those rating agencies. Odd timing..eh ?

Oversight Subcommittee Hearing Focuses on Credit Rating Agencies | House Committee on Financial Services

What a coincidence...

[Bulldogdad]

Originally Posted by Winter_Sucks

Explain to me then how Americans will support huge cuts to Medicare/Medicaid and Social Security while preserving low taxes for billionaires?

The plan has a cute name, but the details are evil.

Have you even read the plan or just regurgitated what has been spewed on PMSNBC.

[lnsutherland]

Have you read it? Please give me the details, I am real interested in your interpretation.