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The problem is the 51% who pay no federal income tax whatsoever. Tax everyone. Flat tax. Everyone pays; EVERYONE has a stake in our government's fiscal responsibility.
The Tea Party didn't exactly emerge from the debt ceiling fight smelling like a rose, according to a new CBS/New York Times poll.
The movement's unpopularity jumped to 40 percent, up from 29 percent in late April. And House Speaker John Boehner (R-Ohio) now sports what Slate columnist Dave Wiegel calls a "Gingrichian" disapproval rating of 57 percent.
"(It's) a pyhrric victory for Democrats, but I'd bet they'll take it," Wiegel writes.
Oh, and who do voters blame for exploding the federal budget deficit? The George W. Bush administration, hands down, with 44 percent. Fifteen percent apiece said President Obama or Congress. And 10 percent said all of the above.
Guess that's why Republicans keep telling us to stop looking in the rearview mirror.
Congress' disapproval rating has hit 82 percent, which is terrible, even by historic standards. Obama's job approval is at 48 percent, while 47 percent disapprove.
But voters trust the president on the economy 47 percent to Congress' 33 percent. All this should make 2012 an interesting election year.
The final agreement may not have been what the Tea Party wanted, BUT it was their behavior throughout the process that alerted the whole world that the day may come when a fringe element in this country could force a default and an economic catastrophe, not only for this country, but globally.
S&P is only telling some of us what we don't want to hear.
Of course, the debt is terrible and getting worse.
But, read the S&P report and press release. Really read it. Paragraph after paragraph, line after line, they refer to political divide. The political climate has as much to do with the downgrade AT THIS TIME as the actual debt. Their people are all over the TV saying the same thing - over and over and over. And, yet, people still refuse to hear.
Wrong. Their behavior has no impact on the S&P ratings because they dont have any power. The S&P said we need $4T in cuts, tea partiers wanted $4T in cuts, Congress gave them $90B in cuts, (which wasnt real cuts), and you want to blame the tea partiers? Give it a break.
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Originally Posted by Ariadne22
Btw, S&P is on record today saying they may further downgrade in another two months - not two years.
We need to get our house in order - now.
The S&P report says 2 years, but they say DUE TO DEBT, not a lack of debt, but TOO MUCH of it..
This "compromise" did NOTHING to solve our problems, it just compounded more.
He speaks and the DOW appreciates 60 from -460 to -400 It will possibly close at -300, except that it's BAC which is vastly pulling the DOW down, given the news that AIG is suing it for $10b
I just heard that it would take an extra $1 billion dollars a month to make a dent in the revenue we need.
I hope Oprah, Bill Gates, Warren Buffett and all the hip hop stars out there have that much to ante up, since Obama is pinning his hopes on "the rich" handing over enough cash to make up the deficit, lol.
He speaks and the DOW appreciates 60 from -460 to -400 It will possibly close at -300, except that it's BAC which is vastly pulling the DOW down, given the news that AIG is suing it for $10b
That short pop didn't last LOL. The VIX is going towards 40. Yikes.
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It will possibly close at -300, except that it's BAC which is vastly pulling the DOW down, given the news that AIG is suing it for $10b 
