Another US Debt Downgrade Is Coming In Just A Few Weeks

Discussion in 'Economy' started by Jackson, Oct 22, 2011.

  1. Jackson
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    Jackson Gold Member Supporting Member

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    Another US Debt Downgrade Is Coming In Just A Few Weeks

    Read more: Monster Prediction From BofA: Another US Debt Downgrade Is Coming In Just A Few Weeks


    :(
     
  2. jillian
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    jillian Princess Supporting Member

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    well, we were downgraded because of the juvenile way the tea party congress members handled the debt ceiling.

    are they planning to do it again?

    you're not going to get a rational long term plan so long as they think they can defeat the president by doing this. it's what mitch mcconnell said. i have no reason to doubt him on this particular subject.
     
  3. Avorysuds
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    Avorysuds Gold Member

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    It’s sad hardly ever seeing you post anything intelligent.

    About the OP, maybe we’ll get lucky and Ron Paul will become President as he is the only person running that currently has a plan to balance the budget and deal with the deficit spending. It’s too bad that Obama ignored the TP congress people when they provided a balanced budget in just 5 years that also would yield a 19 billion dollar surplus. Instead Obama decided to divide the country more by placing blame on the only people that had a plan while Obama passed one of the worst budgets in this country’s history.
     
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  4. jillian
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    jillian Princess Supporting Member

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    truth hurts, huh?

    as for ron paul. sorry, babe... randian idiots really can't and shouldn't ever get anywhere near government.
     
  5. Sunshine
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    Sunshine Trust the pie. Supporting Member

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    Most 'people' get downgraded by the credit reporting agencies for being late on their payments or defaulting. Not for not having a long range spending plan.
     
  6. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Uh, the debt ceiling was raised and yet we'll still get another downgrade Jill.

    What part did the TEA Party play in that? When will the debt ceiling be raised enough?
     
  7. Jackson
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    Jackson Gold Member Supporting Member

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    This is not political...it is financial. The credit agemcies warned us that we had to get our debt under control and come down $4 trillion to be neutral and keep our rating. The Tea Party candidates were elected to do that very thing. Reduce the budget, make the necessary cuts and bring our debt down.
    It was fought by the left and here we are. It's financial. But egos had to be placed in front of common sense.
     

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