Egan-Jones downgrades US credit rating. IT IS NOT ABOUT THE DEBT LIMIT!!!!!!!

[Google]

IF this administration would back off on some of the regulations the business owners would hire more people and people who want to open a new business they could without all the red tape . A new business would create new jobs!!!

Well lets see. That is a lie lacking any foundation of proof, guts your credibility as a poster, and makes you look like a fool. Other than that, have a nice day..........

What is a fact is that the Democrats and the president held complete dominance over Washington for two years, during which time they passed legislation that we were told was going to bring us back from the brink.

After each of these policies were passed and none of the grand objectives never materialize, this regime stated "yes things are still dismal, but it would have been worse...".

The entire premise of this administration is an attempt to prove a negative. Oh, that and it's the other guys fault. Once we had presidents with motto's like 'the buck stops here', now we have Obama...

 

[Care4all]

class war fare ain't working out for ya huh? I been tole ya and tole ya when the leeches overtake the givers we are going down down down.

What in the FUCK are you babbling about? The leechers were created by the "givers" you moron. They are the ones that "bottom lined" the country to death so they could rake in more and more. They are the ones that lobby for more and more breaks on the People's Dime, They are the ones that outsourced the jobs to slave labor countries and threw our economy into the gutter.

Good God, you people are so dumb. Go worship your false God of Business and Banking, of money and power.

You mean like the manufacturing of incandescent bulbs outsourced to China....?

fyi
GE invented the CFL, here in the USA....they CHOSE not to pursue it....so blame GE.

 

[editec]

It's ABOUT DEBT TO GDP!

Egan-Jones Downgrades US From AAA To AA+ | ZeroHedge

Real GDP increased at an annualized rate of 4.0% in Q1 2011, following an increase of 3.5% rise in the prior quarter. Personal consumption expenditures, exports, and nonresidential fixed investment contributed positively to growth during the quarter. Meanwhile, imports rose sharply. In the March 2011 quarter, trade in goods and services resulted in a deficit of $562B, many because of the high price of petroleum. However, the major factor driving credit quality is the relatively high level of debt and the difficulty in significantly cutting spending. We are taking a negative action not based on the delay in raising the debt ceiling but rather our concern about the high level of debt to GDP in excess of 100% compared to Canada's 35%. Nonetheless, since the US's debt is denominated in dollars, a hard default is unlikely.

The debt ceiling is a red herring! It is the SPENDING that is the problem! HOLY FUCK come on people!!!!!!!!

The national debt is the SYMPTOM.

The national RAPE of this economy is the disease.

The media might be able to fool the tools, but the people whose business it is to evaluate the macro-economy of this nation are nobody's tools.

They know BS econometrics when they see them (usually)

 

[edthecynic]

Obama had filibuster proof majorities in Congress for 2 years.

You're a pathological liar!
Obama never had 60 Dems, he had 58 Dems and 2 independents for only 7 months, from the time Frankin was sworn in to the time Scott Brown was sworn in. In CON$ervative fuzzy math, 7 months = 2 years!

 

[Oddball]

Obama had filibuster proof majorities in Congress for 2 years.

You're a pathological liar!
Obama never had 60 Dems, he had 58 Dems and 2 independents for only 7 months, from the time Frankin was sworn in to the time Scott Brown was sworn in. In CON$ervative fuzzy math, 7 months = 2 years!

Those two "independents" (Sanders - an avowed socialist & Leiberman) caucus and vote with the dems, you intellectually disingenuous asshat.

 

[edthecynic]

Obama had filibuster proof majorities in Congress for 2 years.

You're a pathological liar!
Obama never had 60 Dems, he had 58 Dems and 2 independents for only 7 months, from the time Frankin was sworn in to the time Scott Brown was sworn in. In CON$ervative fuzzy math, 7 months = 2 years!

Those two "independents" (Sanders - an avowed socialist & Leiberman) caucus and vote with the dems, you intellectually disingenuous asshat.

Leiberman was never a sure vote and usually demanded something for his vote, caucusing with the Dems only for his chairmanship.
And how exactly does that change the fact that Obama had 58 Dems and 2 independents for only 7 months, not the 2 years the pathological liar claimed? Counting the 2 independents, Obama had only 59 votes until Frankin was sworn in, that is when Kennedy was well enough to show up otherwise only 58, and was back to 59 votes after Scott Brown was sworn in!!!

 

[BlindBoo]

You're a pathological liar!
Obama never had 60 Dems, he had 58 Dems and 2 independents for only 7 months, from the time Frankin was sworn in to the time Scott Brown was sworn in. In CON$ervative fuzzy math, 7 months = 2 years!

Those two "independents" (Sanders - an avowed socialist & Leiberman) caucus and vote with the dems, you intellectually disingenuous asshat.

Leiberman was never a sure vote and usually demanded something for his vote, caucusing with the Dems only for his chairmanship.
And how exactly does that change the fact that Obama had 58 Dems and 2 independents for only 7 months, not the 2 years the pathological liar claimed? Counting the 2 independents, Obama had only 59 votes until Frankin was sworn in, that is when Kennedy was well enough to show up otherwise only 58, and was back to 59 votes after Scott Brown was sworn in!!!

Not to mention the Blues Bro....ammmmm the Blue Dog Democrats!

 

[The Rabbi]

it has because he never really got what he wanted. See he caves to people like you because he fears looking bad or something. If that was me i would have told you to fuck off.

Its ok telling me i have the Iq of a soapdish that makes rocks look smart really isnt all that concerning.

Obama had filibuster proof majorities in Congress for 2 years. To whom did he cave? When did he ever even take a stance on anything?
Obama did tell theGOP to fuck off. But in the end something called Reality mugged him and even he realized that raising taxes in a recession was a dumb idea.

so he didnt raise taxes and the economy stalled out even more.


No he caved to a bunch of morons because he wont hold any stances on anything. Reality Rabbi is everyone in the world wanting us to pass a debt bill and a small fringe of morons trying to bring down the world economy.

You realize stupid that not raising the debt ceiling would kill us right? We had Saudi Arabia saying we had to because they deal in dollars, and if we defaulted it would kill the dollar and oil would cost even more.

Do you actually realize what that would do to our economy? No i dont think you actually do, nor the rest of your moronic ilk. So go ahead complain about 4$ a gallon, because had you got your way and we defaulted we would be paying even fucking more, and YOU would be to blame.

But your too stupid relying on your non working trickle down theories, and how cutting taxes and spending will save us.

If he didnt hold any positions, how could he cave on anything?
You don't know diddly squat so you try to change the subject.
FWIW, if we raise the debt ceiling without a credible effort at spending reform we will suffer an immediate downgrade. That is far worse than a temporary suspension of payments.
We have $4 gas because Obama encouraged Bernanke to pursue a too loose monetary policy that has made the dollar tank.

 

[The Rabbi]

so he didnt raise taxes and the economy stalled out even more.


No he caved to a bunch of morons because he wont hold any stances on anything. Reality Rabbi is everyone in the world wanting us to pass a debt bill and a small fringe of morons trying to bring down the world economy.

You realize stupid that not raising the debt ceiling would kill us right? We had Saudi Arabia saying we had to because they deal in dollars, and if we defaulted it would kill the dollar and oil would cost even more.

Do you actually realize what that would do to our economy? No i dont think you actually do, nor the rest of your moronic ilk. So go ahead complain about 4$ a gallon, because had you got your way and we defaulted we would be paying even fucking more, and YOU would be to blame.

But your too stupid relying on your non working trickle down theories, and how cutting taxes and spending will save us.

If the president is so certain that tax increases will have a beneficial effect on the economy why did he extend the Bush tax cuts, and never propose an actual written bill with tax increases?

The Democrats controlled Congress and the presidency for two years, and this isn't some new idea Obama had. He has said that raising taxes is the fair thing to do, but he has also said that raising taxes in a recession is not the proper thing to do.

Obama has stated that higher energy costs is a necessary. He wants to put the coal industry out of business.

This president has been a success at passing his legislative agenda. Do the two years this president and his own party controlled congress mean nothing? The way leftists deflect blame from their party defies logic. In their minds the only reason these unprecedented policies yielded zero results is because they didn't go far enough.

because he is a pussy.
oh please they did jack shit in those two years.

Obamacare is now considered "jack shit"? The Stimulus? The auto bailouts?
So now the meme is the Democrats didnt actually accomplish anything so it is the GOP to blame?
Are you fucking serious?

 

[Avatar4321]

It's never been about the debt limit.

 

[KissMy]

Manufacturing growth hits lowest level in 2 years

Investors pulled money out of stock funds at the fastest rate in over two years in the month of June. According to data released by Strategic Insight, U.S. stock mutual funds saw net outflow of $17.3 billion in the month of June, the biggest monthly outflow since March 2009.

Shocking - Consumer Sentiment Plummets to 63.8!!!

Democrats have been in power since 2006. Haven't they done wonders with the economy over the past 5-1/2 years? Debt on the day Democrats took control $8,670,596,000,000. Debt today $14,561,230,000,000. So 5-1/2 years of Democrat Debt = $5,890,634,000,000. There now are 7 million fewer employed Americans since the democrats took over.

CNN Poll: For first time, majority is pessimistic about America’s economic future

84 percent of Americans feel the economy is in poor shape. While some expect economic conditions to improve, a majority-59 percent-believes the economy will still be in poor shape one year from now. It’s the first time in the 14 years that CNN has asked the question that a majority has been pessimistic about the country’s economic future. “That’s a very significant, and very discouraging change in public attitudes toward the economy,”

Obama, Stimulus & Spendocrats = Epic Fail!

 

[Avatar4321]

Looks like Glenn Beck has an accurate prediction again. Amazing how he predicted a credit downgrade3 years ago at the end of the Bush administration.

Anyone who is responsible should be voting against this deal because it doesnt cut significant amounts of spending.

 

[LordBrownTrout]

Looks like Glenn Beck has an accurate prediction again. Amazing how he predicted a credit downgrade3 years ago at the end of the Bush administration.

Anyone who is responsible should be voting against this deal because it doesnt cut significant amounts of spending.

you people are fucking insane. You voting against it is why we would be downgraded and furthermore if it does fail i hope you enjoy higher prices around the board, because the dollar will be worthless.

You can thank Bush and O for a lot of this mess but I doubt you'll place any on O.

 

[Avatar4321]

you people are fucking insane. You voting against it is why we would be downgraded and furthermore if it does fail i hope you enjoy higher prices around the board, because the dollar will be worthless.

We've already been downgraded. and Moody's says this deal doesn't stop us from being downgraded. Why?

Because we aren't cutting the spending.

I oppose any deal that doesn't seriously cut the spending and address our spending problems. Preferably by eliminating baseline budgeting.

The only way to stop the downgrading is to cut spending. Which means you and those you support are screwing us over because you refuse to do real spending cuts.

And btw Inflations been occuring for the last two years. are you just figuring that out?

 

[Avatar4321]

Looks like Glenn Beck has an accurate prediction again. Amazing how he predicted a credit downgrade3 years ago at the end of the Bush administration.

Anyone who is responsible should be voting against this deal because it doesnt cut significant amounts of spending.

you people are fucking insane. You voting against it is why we would be downgraded and furthermore if it does fail i hope you enjoy higher prices around the board, because the dollar will be worthless.

You can thank Bush and O for a lot of this mess but I doubt you'll place any on O.

Actually, he can blame himself. Any of us who hasn't been working to cut spending and pay off our debts can blame themselves.

 

[LordBrownTrout]

you people are fucking insane. You voting against it is why we would be downgraded and furthermore if it does fail i hope you enjoy higher prices around the board, because the dollar will be worthless.

You can thank Bush and O for a lot of this mess but I doubt you'll place any on O.

Actually, he can blame himself. Any of us who hasn't been working to cut spending and pay off our debts can blame themselves.

That's definitely true. I started four years ago, paid off everything four months ago. There are gonna be some rough seas ahead.

 

[Avatar4321]

You can thank Bush and O for a lot of this mess but I doubt you'll place any on O.

Actually, he can blame himself. Any of us who hasn't been working to cut spending and pay off our debts can blame themselves.

What? I blame Bush and i blame Obama for continuing moronic polices like the tax cuts that didn't produce any jobs at all.

Whoops wrong again fucktard

I know. You would much rather burden the American people to labor for the politicians in government than have the politicians cut the spending, pay off our debts, and return those misappropriated funds back to the people who earned them.

How exactly do you think we benefit by spending beyond our means to the point of default?

 

[Steelplate]

No... we have a revenue problem. More and more people are dropping out of the middle Class tax bracket and into lower brackets, which pay less in taxes. Combine that with all the loopholes that the rich can take advantage of that everyone else cannot.... and you have one hell of a drop in revenue.

Yes.. we spend a lot. I am not denying that. But to sit there and blame one end of the spectrum alone is just partisan bullshit.

the best way to increase revenue then would be to increase the tax base. the welfare system keeps people down, if we are going to "invest" in our people instead of welfare wouldnt some way to help develop talents of people be better so they can succeed and then pay income tax?

you're right... so why aren't these multinational AMERICAN corporations doing so? Why are they kneecapping the American worker? Why are they expecting them to compete with Chinese and other foreign workers? Hell yeah... Invest is the word... but they aren't doing it, and it isn't tax policy, it isn't unions it isn't regulation. It is slave labor.

Bring back good paying jobs that don't require 100K in educational debt, and we have a thriving country again.

Think about it... do you know what our tariff rate is for imports? I'll tell you.. it's 2.5%. Do you know what China's is for imports coming into their country? 25%. So.... they get labor for virtually nothing, they get minimal taxes on what they import... and they'll try to tell you it's all about the governmental side of it... they are lying to you.

 

[The Rabbi]

so he didnt raise taxes and the economy stalled out even more.


No he caved to a bunch of morons because he wont hold any stances on anything. Reality Rabbi is everyone in the world wanting us to pass a debt bill and a small fringe of morons trying to bring down the world economy.

You realize stupid that not raising the debt ceiling would kill us right? We had Saudi Arabia saying we had to because they deal in dollars, and if we defaulted it would kill the dollar and oil would cost even more.

Do you actually realize what that would do to our economy? No i dont think you actually do, nor the rest of your moronic ilk. So go ahead complain about 4$ a gallon, because had you got your way and we defaulted we would be paying even fucking more, and YOU would be to blame.

But your too stupid relying on your non working trickle down theories, and how cutting taxes and spending will save us.

If he didnt hold any positions, how could he cave on anything?
You don't know diddly squat so you try to change the subject.
FWIW, if we raise the debt ceiling without a credible effort at spending reform we will suffer an immediate downgrade. That is far worse than a temporary suspension of payments.
We have $4 gas because Obama encouraged Bernanke to pursue a too loose monetary policy that has made the dollar tank.

Oh he held positions,but held them so loosely it didnt take much for him to bend over.

Im trying to change the subject? Fuck you. You stupid ignorant fucks are the fucking problem and are holding the worlds economy hostage because you lost in 08 to a fucking democrat. Thats it, you fucking lost and are willing to do anything to get back in power.

World Markets Relieved By US Debt Deal : NPR

No oil has risen because of demand, but stall a little due to Asia's calming growth atm.
NYMEX-Crude jumps after U.S. debt-limit deal | Reuters

You fucktard.

No you raise it and then you can deal with how to cut spending and balance the budget. You dont fuck with something this complex because your simple mind says, No we need to fix this now so fuck it.

Lol change the subject, ou just cant handle the fact you are on the wrong side of this debate and want to destroy this nation and world economy over hating a Democrat

So Obama held fucking positions but he didnt fucking hold them strongly enough so he caved in to fucking partisans in his own party?
And we need to raise the fucking debt ceiling because if we dont we are all fucked. Why? Because you fucking say so because you have in's with the fucking Chinese and fucking fuckBush Saudis.
You fucking have no fucking credibility here because you fucking can't write a fucking sentence much less argue a fucking point.
So fuck you, fucking fucker.

 

[edthecynic]

Actually, he can blame himself. Any of us who hasn't been working to cut spending and pay off our debts can blame themselves.

What? I blame Bush and i blame Obama for continuing moronic polices like the tax cuts that didn't produce any jobs at all.

Whoops wrong again fucktard

I know. You would much rather burden the American people to labor for the politicians in government than have the politicians cut the spending, pay off our debts, and return those misappropriated funds back to the people who earned them.

How exactly do you think we benefit by spending beyond our means to the point of default?

The exact same way CON$ always rationalized we benefited when it was the GOP spending beyond our means to the point of default.

"Reagan proved deficits don't matter."
Dick Cheney