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Old 10-23-2011, 02:45 PM
 
Location: Land of debt and Corruption
7,545 posts, read 8,326,934 times
Reputation: 2889

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Quote:
Originally Posted by Winter_Sucks View Post
We wouldn't be in this spot if the tea party didn't shoot down the Obama/Boehner grand bargain.
Oh, right. The Tea Party. Well that's interesting because there have been suspicions and threats of a credit downgrade since early on in Obama's presidency. The Tea Party folks didn't get elected until less than a year ago. What did Obama do to prevent it prior to the 2010 elections when he held both the senate, house, and the presidency?
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Old 10-23-2011, 03:07 PM
 
13,900 posts, read 9,771,097 times
Reputation: 6856
Quote:
Originally Posted by whatyousay View Post
Oh, right. The Tea Party. Well that's interesting because there have been suspicions and threats of a credit downgrade since early on in Obama's presidency. The Tea Party folks didn't get elected until less than a year ago. What did Obama do to prevent it prior to the 2010 elections when he held both the senate, house, and the presidency?
We've never got downgraded until after the tea party came to DC.
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Old 10-23-2011, 03:12 PM
 
3,083 posts, read 4,010,709 times
Reputation: 2358
Quote:
Originally Posted by Winter_Sucks View Post
We wouldn't be in this spot if the tea party didn't shoot down the Obama/Boehner grand bargain.
We wouldn't be in this spot if government had spent with even a modicum of fiscal discipline.

This crisis has been brewing long before the advent of the TEA Party.
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Old 10-23-2011, 03:14 PM
 
Location: Great State of Texas
86,052 posts, read 84,481,831 times
Reputation: 27720
Quote:
Originally Posted by Winter_Sucks View Post
We've never got downgraded until after the tea party came to DC.
You can't blame the Tea Party. That was only 6 months of House majority.
A country doesn't get downgraded on who belongs to which party.

We've been spending more than we take in for some time now and there is no end to it. Our revenue is down and our spending is up and how many times have we raised the debt ceiling now ?

And you blame all this on 6 months of Repub House majority ?
The US economy imploded in 2008 and all we've been doing for the past 3 years is spend, spend, spend to keep this Titanic afloat.
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Old 10-23-2011, 03:19 PM
 
13,900 posts, read 9,771,097 times
Reputation: 6856
Quote:
Originally Posted by outbacknv View Post
We wouldn't be in this spot if government had spent with even a modicum of fiscal discipline.

This crisis has been brewing long before the advent of the TEA Party.
The tea party didn't cause the problem, but they blocked the solution and that led to our downgrade.
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Old 10-23-2011, 03:20 PM
 
13,900 posts, read 9,771,097 times
Reputation: 6856
Quote:
Originally Posted by HappyTexan View Post
You can't blame the Tea Party. That was only 6 months of House majority.
A country doesn't get downgraded on who belongs to which party.

We've been spending more than we take in for some time now and there is no end to it. Our revenue is down and our spending is up and how many times have we raised the debt ceiling now ?

And you blame all this on 6 months of Repub House majority ?
The US economy imploded in 2008 and all we've been doing for the past 3 years is spend, spend, spend to keep this Titanic afloat.
Who shot down the Obama/Boehner deal? The tea party did because it had 800 billion in tax revenue increases.
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Old 10-23-2011, 03:24 PM
 
47,525 posts, read 69,698,996 times
Reputation: 22474
Quote:
Originally Posted by whatyousay View Post
So, what's Obama doing to avoid yet another credit downgrade?
Good question. Let's see, since the last downgrade, he's come up with an amnesty for foreigners living here illegally who are brought in to bring wages down and displace American workers. He's expanded NAFTA so another chunk of Americans will be soon out of work. Yes, he's got some big tax hike planned for a few people but with all the expansion of unemployment and welfare that will accomplish nothing at all.
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Old 10-23-2011, 03:25 PM
 
10,875 posts, read 13,811,333 times
Reputation: 4896
Quote:
Originally Posted by whatyousay View Post
Oh, right. The Tea Party. Well that's interesting because there have been suspicions and threats of a credit downgrade since early on in Obama's presidency. The Tea Party folks didn't get elected until less than a year ago. What did Obama do to prevent it prior to the 2010 elections when he held both the senate, house, and the presidency?
The credit downgrade was clearly pointed out by S&P because A) the tea party and GOP held the nation hostage to force through extending the tax cuts to the rich which was suppose to expire. This added over 700 billion in new, unpaid for spending.
and B) during the budget negotiations Obama bent over backwards for the GOP willing to make 3 trillion in cuts and only asked the tea party/gop to pitch in one trillion. They absolutely refused as it would require scaling back the tax cuts for the rich which is the biggest pork barrel spending the nation has next to the war spending.
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Old 10-23-2011, 03:34 PM
 
3,083 posts, read 4,010,709 times
Reputation: 2358
Quote:
Originally Posted by Winter_Sucks View Post
Who shot down the Obama/Boehner deal? The tea party did because it had 800 billion in tax revenue increases.
It wasn't a solution. It was just more political smoke and mirrors intended to enable politicians to continue their unfunded spending spree.
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Old 10-23-2011, 03:49 PM
 
Location: Flippin AR
5,513 posts, read 5,241,036 times
Reputation: 6243
Quote:
Originally Posted by Winter_Sucks View Post
We've never got downgraded until after the tea party came to DC.
Ah, correlation without any understanding of causality.

If the Tea Party had never existed, we STILL would have been downgraded. Standard and Poors clearly stated that $4 trillion need to be cut in order to indicate fiscal responsibility and avoid a credit downgrade, and our brilliant leaders could come up with less than half that. In effect, our leaders PROVED that they could not be fiscally responsible, no matter what the consequences.

On the other hand, if the Tea Party got what it wanted--a return to financially sane government by the only way feasible, significantly cutting government spending--we WOULDN'T have been downgraded.

Yet in perverse, Bizarro-World "logic," the politicians blame the Tea Party for the downgrade.

And the sheeple swallow the Bizarro-logic hook, line and sinker. I guess they couldn't possibly understand a logical argument, anyway. The schools don't teach it, and we don't value intelligence as a society anyway. Instead, we train youngsters to listen to the Talking Head, instead of thinking for themselves. When they are adults they choose a political party and then accept the views of THOSE authority figures.

If we could scientifically remove the human tendency to simply accept the opinions of an authority figure, we would make mankind infinitely smarter in an instant.
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