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Both parties are to blame, Democrats had a chance last year and the year before to put forward a long term deficit reduction plan and budget, as well as raising the debt ceiling.
But the message from the S&P about our credit downgrade was specifically
A. A unwillingness to talk about revenue increases
and
B. The fight to raise the debt ceiling.
Both of which are clearly, as of late, from the TEA party. Remember, TEA party representatives said they wanted to lower the debt ceiling, or not raise it at all.
S&P's statement was blunt in its assessment.
"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," the ratings firm said.
Washington has to work together, revenues increased, spending cut, entitlements reformed, period.
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.
Um.. Your boy in the WH only changed course because of the TEA party. His intentions were to run trillion dollar deficits for a decade or longer.
Now how much forethought was he and his ilk using with that one?
None.
Your leader isn't a leader at all but he will be labeled the worst president in the history of time because of his utterly incompetent miscalculations.
And yes, black people will be vilified for his incompetence for a very long time.
Democrats will be vilified for a very long time and it's entirely possible you'll never have a chance at leading anything ever again.
Maybe it's time to stop seeing things only in black and white.
The left was at the center with cuts in an outstretched hand. Where was the right?
No it wasn't, it was spending cash as fast as it possibly could by running, jumping, diving, and finally parachuting 3,000 page bills when it should have been cutting.
Ohh,, you're of the thought process that everything was cool up until a week ago.
No worries, that's exactly what your "leader" thought too.
Time to hand the keys over to someone else and shut the door on your way out.
Democrats and many Republicans once again sold out the American people, particularly those younger ones that are left to hold the bill. A brand new $2.4 trillion credit card, with spending INCREASES every year in the foreseeable future is NOT what the TEA PARTY were promoting. Republicans sold out and gave Obama a gift.
We all know the rhetoric from Washington was that this would happen if the ceiling were not raised.
I am curious as to the public consensus as to who is to blame more, though both parties are to blame.
I seriously think taxing the richer folks may have given a long term plan towards putting a dent on the national debt. I am not really sure if the super-rich would run away with their assets if they have to pay more taxes, an argument used against taxing them.
And clearly, S&P says the inefficiency of Washington factored in the downgrade, thanks to the pig-headedness of the GOP and the tea party.
And let's not forget the infamous stimulus package, some of which went into the alternate energy sector, for example, which has completely collapsed. Case in point: A123 systems opened their IPO at over 15 bucks, and they sit at 4 bucks now, reaching 52-week lows every quarter with steepening losses, despite millions of stimulus money, literally money went down a hole.
What went wrong was that in 2006 or so, Pelosi and Reid became the leaders of the Congress with Democrat Majorities, In 2008, America's fate was sealed with the election of Obama the Devestator
Status:
"Let's replace the puppet show with actual leadership."
(set 8 hours ago)
Location: Suburban Dallas
52,700 posts, read 47,981,010 times
Reputation: 33875
Quote:
Originally Posted by Antlered Chamataka
We all know the rhetoric from Washington was that this would happen if the ceiling were not raised.
I am curious as to the public consensus as to who is to blame more, though both parties are to blame.
I seriously think taxing the richer folks may have given a long term plan towards putting a dent on the national debt. I am not really sure if the super-rich would run away with their assets if they have to pay more taxes, an argument used against taxing them.
And clearly, S&P says the inefficiency of Washington factored in the downgrade, thanks to the pig-headedness of the GOP and the tea party.
And let's not forget the infamous stimulus package, some of which went into the alternate energy sector, for example, which has completely collapsed. Case in point: A123 systems opened their IPO at over 15 bucks, and they sit at 4 bucks now, reaching 52-week lows every quarter with steepening losses, despite millions of stimulus money, literally money went down a hole.
Actually, it's Barry and the Dems who have spent more than any President in U.S. history.
For all those who blame the Tea Party, we're not the only country in spending trouble. Spain and Greece sure don't have Tea Parties, but they do have too much debt and spending.
People have to start opening their yes, the problem is spending and debt.
For all those who blame the Tea Party, we're not the only country in spending trouble. Spain and Greece sure don't have Tea Parties, but they do have too much debt and spending.
People have to start opening their yes, the problem is spending and debt.
Actually Greece has a spending problem because they don't collect taxes.
It's a government "by the people, of the people, for the people" no?
You can't divorce yourself from the fact that youare the government.
You have to choose between Dancing with the Stars and participating in your government. I know it's a tough choice to make, but it is necessary in order to have a stable well-run republic.
Yes, yes, of course, and you were so distraught and felt so guilty you voluntarily returned your portion of the tax cut to your government, right?
Yeah, right.
+1
I would think some people would start not believing the "World's Gonna End and the Economy will collapse if the Gov't doesn't do this....." routines.
Kind of sounds like the TEA party, they want massive government programs for retirement and healthcare, but no taxes for them.
The Tea Party does not want massive government programs.
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