Another downgrade?

[Si modo]

State Dept. Briefing for Foreign Reporters: ‘We’re Going to Get Downgraded’

By Terence P. Jeffrey
November 7, 2012


(CNSNews.com) - An economic analyst invited by the State Department to brief a group of foreign journalists on the U.S. economy on Election Day responded to a question from a reporter from the Egyptian newspaper Al Wafd by predicting that U.S. Treasury securities—the means by which the U.S. government finances its debt--will be downgraded again.

....​

But, here's a good nugget:

"If that happens [they avoid sequestration] and they need to raise the debt ceiling, we’re probably going to be downgraded again in terms of our government by Moody’s or S&P," said Bostjancic. "The debt rating agencies are going to downgrade the U.S. Treasury. On the other hand, does it matter? ....​

[emphasis mine]



The cavalier attitude and ignorance of this administration are stunning.

 

[ScienceRocks]

Yep,

We were downgraded last time because of our fucking debt and will be again. Same as Greece, Spain, France, Italy that has done the same shit. Marxism doesn't work very good.

I'm starting to think that the left wants our country to fail.

 

[ScienceRocks]

The people voted for failure. They will get failure and strife.

 

[ScienceRocks]

Obama if you care about this country you need to cut all food stamps for the abled bodied adults. You need to do it fast.

YOU NEED to get to work on rolling back all the welfare you handed out.

 

[Old Rocks]

Well, for sure, the GOP was downgraded.

 

[Si modo]

Well, for sure, the GOP was downgraded.

Well, we all know that the GOP is not the USA.

Some of us are worried more about the USA than a party.

Another downgrade?

And, the glib mentality of the administration over another one?????

 

[Steelplate]

The reason that the firms gave for the downgrade was not the debt....it was the infighting and obstructionism of Congress.

S&P downgrade of US credit rating sends clear message to Congress: shape up - CSMonitor.com

 

[Si modo]

The reason that the firms gave for the downgrade was not the debt....it was the infighting and obstructionism of Congress.

S&P downgrade of US credit rating sends clear message to Congress: shape up - CSMonitor.com

Yes, yes....it's all the GOP's fault that Obama ran up a debt that the country can't pay and it's all the GOP's fault that they are saying no to more spending whenever we are almost past being able to pay the interest on what we already owe.

That's called insolvency. If the GOP recognizes that, then how it's their fault for saying no to more is funny to watch.

Booosh.

 

[Nova78]

Is this Obama's plan to move us forward ? "That is forward off a cliff"

 

[Lakhota]

S&P clearly stated that the last downgrade was due to Republican obstruction to raise taxes.

 

[Black_Label]

S&P clearly stated that the last downgrade was due to Republican obstruction to raise taxes.

Absolutely correct. Obama brought the chainsaw out to slash spending and asked the GOP to only snip a tiny bit which the refused. Making it clear again the GOP trash only love two things, huge spending and huge government.

 

[squeeze berry]

The reason that the firms gave for the downgrade was not the debt....it was the infighting and obstructionism of Congress.

S&P downgrade of US credit rating sends clear message to Congress: shape up - CSMonitor.com

now everyone knows you are a crackpot

 

[Avatar4321]

Unless Obama wants to seriously start cutting the budget, we will have more downgrades. Nothing has changed with this election, so why should we expect that to?

 

[Nova78]

S&P clearly stated that the last downgrade was due to Republican obstruction to raise taxes.

Absolutely correct. Obama brought the chainsaw out to slash spending and asked the GOP to only snip a tiny bit which the refused. Making it clear again the GOP trash only love two things, huge spending and huge government.

What a croc,Obama is the biggest pisser away of money in history, and not a thing to show for except a bankrupt Country.

 

[Si modo]

S&P clearly stated that the last downgrade was due to Republican obstruction to raise taxes.

Lying sack of shit is still a lying sack of shit.

It said the bipartisan agreement reached this week to find at least $2.1 trillion in budget savings “fell short” of what was necessary to tame the nation’s debt over time and predicted that leaders would not be likely to achieve more savings in the future.​

[emphasis mine]

S&P downgrades U.S. credit rating for first time - The Washington Post



Damn, you just can't help lying. That's quite pathological.

 

[LordBrownTrout]

S&P clearly stated that the last downgrade was due to Republican obstruction to raise taxes.

Absolutely correct. Obama brought the chainsaw out to slash spending and asked the GOP to only snip a tiny bit which the refused. Making it clear again the GOP trash only love two things, huge spending and huge government.

After spending four trillion more. Lol.

 

[Black_Label]

S&P clearly stated that the last downgrade was due to Republican obstruction to raise taxes.

Absolutely correct. Obama brought the chainsaw out to slash spending and asked the GOP to only snip a tiny bit which the refused. Making it clear again the GOP trash only love two things, huge spending and huge government.

What a croc,Obama is the biggest pisser away of money in history, and not a thing to show for except a bankrupt Country.

O rly,..

 

[del]

The reason that the firms gave for the downgrade was not the debt....it was the infighting and obstructionism of Congress.

S&P downgrade of US credit rating sends clear message to Congress: shape up - CSMonitor.com

Yes, yes....it's all the GOP's fault that Obama ran up a debt that the country can't pay and it's all the GOP's fault that they are saying no to more spending whenever we are almost past being able to pay the interest on what we already owe.

That's called insolvency. If the GOP recognizes that, then how it's their fault for saying no to more is funny to watch.

Booosh.

the gop was fine with the previous admin adding 5.5T to the debt.

not a word was heard.

i wonder why that is?

 

[Avatar4321]

The reason that the firms gave for the downgrade was not the debt....it was the infighting and obstructionism of Congress.

S&P downgrade of US credit rating sends clear message to Congress: shape up - CSMonitor.com

Yes, yes....it's all the GOP's fault that Obama ran up a debt that the country can't pay and it's all the GOP's fault that they are saying no to more spending whenever we are almost past being able to pay the interest on what we already owe.

That's called insolvency. If the GOP recognizes that, then how it's their fault for saying no to more is funny to watch.

Booosh.

the gop was fine with the previous admin adding 5.5T to the debt.

not a word was heard.

i wonder why that is?

You weren't listening?

 

[Si modo]

Absolutely correct. Obama brought the chainsaw out to slash spending and asked the GOP to only snip a tiny bit which the refused. Making it clear again the GOP trash only love two things, huge spending and huge government.

What a croc,Obama is the biggest pisser away of money in history, and not a thing to show for except a bankrupt Country.

O rly,..

Bullshit.

Obama’s response leaves the false impression that President George W. Bush and the 2008 recession are responsible for a whopping 90 percent of the deficits in the last four years.

It’s true that Obama “inherited the biggest deficit in our history,” as he said on CBS. By the time Obama took office in January 2009, the nonpartisan Congressional Budget Office had already estimated that increased spending and decreased revenues would result in a $1.2 trillion deficit for fiscal year 2009, which began Oct. 1, 2008. In a detailed analysis of fiscal year 2009, we found that Obama was responsible for adding at most $203 billion to the deficit, which in the end topped $1.4 trillion that year.

But that was just the first of four years of trillion-plus deficits. The last three budgets fall squarely under Obama. And, during that time, the federal government ran up deficits of $1.3 trillion in 2010, $1.3 trillion in 2011, and about $1.2 trillion in the fiscal year that ends Sept. 30 — for a total of nearly $5.2 trillion in deficit spending.​

[emphasis mine]

FactCheck.org : Obama’s Deficit Dodge