Big Fitz
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- Nov 23, 2009
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True, a very capitalist way to look at the crisis with a side of demagoguery.By increasing taxes, all you do is enable the same behavior that got us to this place. It's like seeing a crackhead and giving him 50 bucks for groceries and knowing full well he's gonna spend most of it on crack.You guys are idiots. They told us, they dont care if it's spending cuts, or new Revenue. We needed to cut 4 Trillion in Borrowing in the next 10 years out, and address entitlements. They have no reason to give a shit how we do it. They don't care what our tax rates are, or what cuts we make. The only thing that matters to them is how much Money we borrow Period.
The Deal only cuts 2 Trillion and did nothing to address entitlements, so we got downgraded. IMO they are being nice. we probably do not even deserve to be AA+. Anyone with a brain knows that the only way we will ever Pay back our Debt is printing new money. When they Rate a country. And take the rating down a grade they are not saying said country is likely to default. Really we can't default because we can simply print money. So when they rate countries essentially what a lower rating means is that country is very likely to turn to the Printing press to cover Debts. Which we are.
If you actually think that is the fault of the Tea Party I want some of what you have been smoking.
It is time for a fiscal intervention and rehab. No more of this Amy Winehouse 'don't wanna go' shit.
I agree but that is not important to what he is claiming.
He is trying to say S&P blamed the Tea Party. I was simply saying S&P does not care if it's spending cuts, Tax Increases or Both. What they care about is how much money we have to Borrow, Not why.