Is Standard and Poor Blaming the Teaparty for credit Downgrade ?

Discussion in 'Tea Party' started by Sentinel, Aug 6, 2011.

  1. Sentinel
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    Sentinel Rookie

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    We lowered our long-term rating on the U.S. because we believe that the
    prolonged controversy over raising the statutory debt ceiling and the related
    fiscal policy debate indicate that further near-term progress containing the
    growth in public spending, especially on entitlements, or on reaching an
    agreement on raising revenues is less likely than we previously assumed and
    will remain a contentious and fitful process. - S&P Analysis


    Ahh it wont allow me to link to the standard and poors site that has the entire article because I dont have 15 posts as of yet :{ Above is an actual excerpt.
     
  2. Ragnar
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    Ragnar <--- Pic is not me

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    Yes.

    The one group that wanted a balanced budget and has held miniscule power for almost two years is at fault.

    If we balance the budget the "terrorist" have won! Didn't you get the memo?
     
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  3. Stephanie
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    Stephanie Gold Member

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    What a friggen joke. and you useful sheep spread it along happily for YOUR MASTERS.

    You should be ashamed, but we know you aren't.

    The fault LIES WITH the Democrats and Republicans, the Tea party is NOT EVEN IN A Majority, remember you all told us that over and over... and this greedy ass Government.
     
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    Last edited: Aug 6, 2011
  4. saveliberty
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    saveliberty Gold Member

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    The major part of the analysis from S & P focused largely on spending issues, particularly entitlements. Basically, it mirrors what the Tea Party has said are the big issues with government spending. This was practically an endorsement of Tea Party policy.
     
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  5. Annie
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    Annie VIP Member

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    I don't have your problem regarding posts:

    S & P statement on U.S. debt downgrade - CBS News

    Those are CBS bullets, the full text follows. I'll only give what I think has been missing from the bullets and from the board discussions:

    in other words, most of the West is in process of reversing prior behavior, while the US is copying what has failed.

     
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  6. Stephanie
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    Stephanie Gold Member

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    Good work Annie, of course we don't EXPECT any honesty or honor amongst the left.

    Anything for them to keep their NANNY MASTERS in Power. Even Lying. And blaming EVERYBODY ELSE but their Democrat sugar daddies.
     
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    Last edited: Aug 6, 2011
  7. Gareyt17
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    Gareyt17 Active Member

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    ONLY if you completely ignore the salient part of what you posted...that being "progress containing the
    growth in public spending, especially on entitlements, or on reaching an
    agreement on raising revenues is less likely
    "

    The problem is as it has always been for the rating agencies....Washington's unwillingness to deal with our DEBT and SPENDING in a realistic way!

    The Tea Party is the only reason we are even having the conversation.......
     
  8. Toro
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    Toro Gold Member

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    No, its not just the Tea Party, though they are part of it. It is because of the intractability of the entire political process, of which the Tea Party are a part.

    S&P downgraded us because of politics, not because of economics. They aren't saying we can't pay or make sacrifices. They are saying we aren't willing to pay or make sacrifices.
     
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  9. The Rabbi
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    The Rabbi Gold Member

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    If Congress had simply adopted Ryan's budget we would not be having this conversation. So the issue is Democratic recalcitrance, not the Tea Party.
     
  10. Stephanie
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    Stephanie Gold Member

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    The Tea Party (Representatives) have been in office FOR SEVEN MONTHS. If not for them the Obama and Democrats would of WALKED all over the Republicans and they would of CAVED like they normally do and DID. and see where it GOT US. I am sick with the Republican party yet you on the left are finding BLAME with EVERYONE else and find NOT A SHRED of BLAME with your saintly Democrats and Obama. It is rather sickening to watch. shame shame shame
     
    Last edited: Aug 6, 2011

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