France Follows USA DownGrade Status: For GOP, The Fiscal Insanity Is In Their Blood

Discussion in 'Economy' started by mascale, Jan 13, 2012.

  1. mascale
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    mascale VIP Member

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    So Now as Europe commences the onslaught of S&P downgrades, What is So Wrong With Government Debts?

    France Downgraded One Notch: We Have Confirmation - MarketBeat - WSJ

    Anti-American Bush Tax Cuts supporters now have company with French non-payers, Italian non-payers, Greek non-payers, Spanish non-payers, and Portugese non-payers.

    Apparently the Germans, in contrast, are good, solid payers: Even having kept all the money they were due, in the Third Reich Holocaust. All The Civilized nations, of course, kept all the money they were due: In the Financial Foreclosures of the Blundered mortgages crisis. The United States went even so far as to reward the banks for having blown it: And Sent Them TARP, for cover(?)! People like Ron Paul would have another name for the U. S. currency outcome: A long and continuing consequence.

    S&P had famously faulted Republican Fiscal Policy as a large part of the last summer downgrade. The other major tax avoiders, are European.

    Just coincidentally, no doubt, the ancestry of most Republicans is weighted toward European Heritage. The more Hawaiian heritage, for example, appears not to be included!

    And then there is the matter of how tax avoidance policy seems to go hand-hand-hand with a looming Euro-Recession!

    "Crow, James Crow: Shaken, Not Stirred!"
    (And so The Final Solution To The Presbyterian Question," advances a few more notches: "Just is where is all of this money going to come from?" Even in America, they have to ask(?)!)
     
    Last edited: Jan 13, 2012
  2. Oddball
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    Oddball BANNED Supporting Member

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    Socialists have been in charge of the EU and the various nations over there getting the downgrades, not the GOP, nitwit.
     
  3. California Girl
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    California Girl BANNED

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    Guess who hasn't been downgraded?

    Britain.

    Who leads Britain these days?

    Conservatives.

    Coincidence?

    Hmmm.
     
  4. paulitician
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    paulitician Platinum Member Supporting Member

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    Huh?? "Anti-American...Tax Cuts...BOOOOOOOOSH!" Nice incoherent gibberish. WTG!
     
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  5. francoHFW
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    francoHFW Platinum Member

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    S+P should be the ones downgraded...
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Mescaline, S&P blamed out of control spending, not Republicans you fucking retard
     
  7. paulitician
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    paulitician Platinum Member Supporting Member

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    The American Socialist/Progressive - Western European fairy tale utopia is dead. The EU is an awful catastrophe on the brink of collapse. The American Socialists/Progressives have always pushed for their systems here but now most Americans can see what a failure they are. There will not be an American Socialist/Progressive fantasized Western European utopia. And it wont happen here either. It is what it is.
     
    Last edited: Jan 13, 2012
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Dems: Still no budget, record debt, deficits and our first downgrade
     
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  9. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    Hmmm. Because they did not accept the Euro. Who was in charge then?
     
  10. mascale
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    mascale VIP Member

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    Excessive spending was not faulted at S&P in the downgrade of U. S. debt to AA+

    "Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act. Key macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade. . . ."

    "Outlook"

    "The outlook on the long-term rating is negative. As our downside alternate fiscal scenario illustrates, a higher public debt trajectory than we currently
    assume could lead us to lower the long-term rating again. On the other hand, as our upside scenario highlights, if the recommendations of the Congressional Joint Select Committee on Deficit Reduction--independently or coupled with other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners--lead to fiscal consolidation measures beyond the minimum mandated, and we believe they are likely to slow the deterioration of the government's debt dynamics, the long-term rating could stabilize at 'AA+'."

    Over and over and over again the stupid Bush Tax Cuts, of the Great Avoiders--like in Europe--are faulted as the source of the downgrade.

    Repeal of the stupid Bush Tax, of the Great Avoiders--like in Europe--is cited as a basis of hope.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Great Eagle soaring: Not keen on shedding all feathers in flight, according to wise squaw, "Great Lips Licking-Like-Tongues:" Not of UC or Ivy League!)
     

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