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View Poll Results: If CCB had passed, would our Credit Rating have been cut?
Yes, it still would have. We're just in too deep. 55 36.18%
No. It would have shown we were serious about getting spending under control. 93 61.18%
I don't care, I want to keep spending like it's 1999. 4 2.63%
Voters: 152. You may not vote on this poll

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Old 08-06-2011, 08:51 AM
 
Location: Sango, TN
24,868 posts, read 24,396,474 times
Reputation: 8672

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Quote:
Originally Posted by sanrene View Post
Yes, very clear.

It's the spending - when will you people get it?
Quote:
Originally Posted by Memphis1979 View Post
“We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.

Really, its that clear huh?

What did S&P say above?
You can read can't you?
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Old 08-06-2011, 08:54 AM
 
Location: Chicagoland
41,325 posts, read 44,956,928 times
Reputation: 7118
The question to Turbo Tax Timmy; Is there a risk the US will lose it's AAA rating?

Geithner: No Risk U.S. Will Lose AAA Credit Rating - Fox Business Video - FoxBusiness.com

He should be fired.
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Old 08-06-2011, 08:56 AM
 
Location: Sango, TN
24,868 posts, read 24,396,474 times
Reputation: 8672
S&P downgrades U.S. credit rating from AAA - USATODAY.com

Clearly states that S&P wants a medium term deficit reduction plan, and they think it should contain both spending decreases and revenue increases.

Anyone who says otherwise is being facetious.
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Old 08-06-2011, 08:57 AM
 
Location: Sango, TN
24,868 posts, read 24,396,474 times
Reputation: 8672
Quote:
Originally Posted by sanrene View Post
The question to Turbo Tax Timmy; Is there a risk the US will lose it's AAA rating?

Geithner: No Risk U.S. Will Lose AAA Credit Rating - Fox Business Video - FoxBusiness.com

He should be fired.
Ok, along with every congressmen and woman who said we didn't need to raise the debt ceiling and that revenue increases weren't needed.

Both were wrong.
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Old 08-06-2011, 08:58 AM
 
10,875 posts, read 13,815,163 times
Reputation: 4896
Quote:
Originally Posted by Heritage Member View Post
It's not a republican/democrat thing. It's a conservative/liberal thing. Liberal fiscal policies put us here. Conservative fiscal policy is the only way out.

If you look at the ACTUAL fiscal policies of both Bush and Obama, then the only logical conclusion can be if Bush was bad then Obama is worse. They have the same fiscal and war policies, with one difference. Obama increased both.
That doesn't make any sense. Clinton gave Bush the biggest surplus in US history from solid progressive fiscal policies that made the economy soar. The economy tanked to the biggest recession from typical far right wing fiscal policies that have never, and will never work.
While yes you are correct right now we do still have the Bush era republican fiscal policies that continue to be a failure. For this reason is why many are very unhappy with Obama that he would rather cave than fight, and would rather keep continuing the failed republican policies like the tax cuts for the rich, rather then restore them to their previous rates like they were suppose to so we can get back to fiscal sanity.
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Old 08-06-2011, 08:59 AM
 
Location: SF Bay Area
14,317 posts, read 22,391,475 times
Reputation: 18436
Default GOP and Tea Party stink

They have caused major problems and they perpetuate failure. This is the reason for the downgrade. Bigots simply can't stand for this black President to be successful, but their nonsense ultimately fails because they themselves don't have a history of succeeding in running an economy effectively, balancing a budget, lowering any deficit, of benefiting the country except for the rich and those with that "unearned privilege."

Time to kick GOP and their tea party contingent out of Congress. They are wrecking the country with their nonsense, after doing it for 8 horrific years under Bush.
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Old 08-06-2011, 08:59 AM
 
1,111 posts, read 1,183,534 times
Reputation: 1320
Quote:
Originally Posted by Memphis1979 View Post
Ok, along with every congressmen and woman who said we didn't need to raise the debt ceiling and that revenue increases weren't needed.

Both were wrong.
Sounds like a good idea to me
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Old 08-06-2011, 08:59 AM
 
Location: Out in the Badlands
10,420 posts, read 10,832,599 times
Reputation: 7801
Quote:
Originally Posted by las vegas drunk View Post
I personally think it was orchestrated to purposely take down the United States. We both know the Republicans and Democrats work for the same team so there was no use voting in the poll.
The Illuminati, Bilderbergers, and last but certainly not least the trilateral commission. The History Channel has a vverrrryy interesting 1 hour program about these fine folks.
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Old 08-06-2011, 09:01 AM
 
Location: Colorado
6,813 posts, read 9,361,187 times
Reputation: 8836
Quote:
Originally Posted by a_lexus View Post
they have caused major problems and they perpetuate failure. This is the reason for the downgrade. bigots simply can't stand for this black president to be successful, but their nonsense ultimately fails because they themselves don't have a history of succeeding in running an economy effectively, balancing a budget, lowering any deficit, of benefiting the country except for the rich and those with that "unearned privilege."

time to kick gop and their tea party contingent out of congress. They are wrecking the country with their nonsense, after doing it for 8 horrific years under bush.
lol.
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Old 08-06-2011, 09:02 AM
 
4,562 posts, read 4,104,044 times
Reputation: 2288
Quote:
Originally Posted by 01Snake View Post
How many times is this ignorant statement going to be regurgitated?
When its even cited in the S & P report, I don't think its ignorant, and it should be regurgitated as often as necessary until the right wing sheeple learn to compromise.

The left was at the center with cuts in an outstretched hand. Where was the right?
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