A second downgrade to our credit is right around the corner, will congress get seriou

Discussion in 'Politics' started by Grampa Murked U, Nov 4, 2011.

  1. Grampa Murked U
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    Grampa Murked U Diamond Member

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    It's time for serious discussions about cuts and tax reform. Or are we all just gonna sit back, let the super congress do nothing and then point fingers.

    The damn senate needs to get to work and head off this completely avoidable disaster.
     
  2. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Of course you all will be all over this AFTER the downgrade happens.
     
  3. BDBoop
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    BDBoop BANNED

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    I'll Serenity Prayer my way through this one. Too much stress last time. The Republican candidates have already announced they'd let it happen, if ANY tax hikes were involved, even at a rate of 10-1.

    Grover Norquist won't allow it, and since he's their 'be-all, end-all', I'm just going to understand that the looney sticker you've aimed at the left belongs to the right, and watch events unfold.
     
  4. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Thank you BDBoop for your usual contribution. Your tripe is always fun to read.
     
  5. KissMy
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    KissMy Free Breast Exam

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    Many downgrades happened prior to the S&P downgrade. China, Germany & Egan Jones downgraded the US debt as far back as last year. The downgrade was earned & a long time coming. More downgrades are coming.

    CNN: Chinese agency downgrades U.S. credit rating for the 3rd time.

    German Rating Agency Feri Downgrades US Government Bonds: AAA to AA! | zero hedge

    Egan-Jones Downgrades US From AAA To AA+ It had nothing to do with the current Debt Limit!!! It was due to the looming 100% Debt to GDP ratio.

    Moody's lowered its outlook on U.S. debt to "negative." | CNN

    S&P Downgraded US Credit to AA+ | AP

    Fitch Statement Shows US Downgrade Risk Remains In Play

    Gold upgrade to a Tier 1 Asset while US Bonds get downgraded.[/QUOTE]
     
  6. KissMy
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    KissMy Free Breast Exam

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    Listen to David Walker, the former U.S. Comptroller General under Bill Clinton & Bush

    David Walker: [ame="http://www.youtube.com/watch?v=ywEEeM7yieU&feature=fvsr"]"Need $4Trillion in deficit reduction"[/ame]
     
  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I can guarentee you that once again Democrats will oppose any sort of spending cut and then blame Republicans when a second downgrade occurs.
     
  8. AlabamaTrojan
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    AlabamaTrojan For America!

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    When the next downgrade happens both parties will start blaming each other, and continue on as they were. Also whichever party is in power will blame whoever issues the downgrade and claim it was political. Meanwhile the debt will continue to rise and the downgrades will keep on coming.
     
  9. theliq
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    theliq Gold Member

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    BUT Grampa...NICE to see the employment figures increasing....so it is not all Gloom.steven:cool:
     
  10. Douger
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    Douger BANNED

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    Another letter ? Now your going to be urkins !
    Another 5 year and it's _______ !
     

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