Is the U.S. Credit Rating a Victim of GOP Sabotage?

[kaz]

...it's been reported in the media numerous times in "my country," maybe not up in Canada....especially Regina.

Actually, it ain't true...


And Regina sucks. Saskatoon rocks!

I've long suspected that Canada was actually responsible for our budget issues as well as illegal immigration and the scummy buildup in my bathtub. Sure, it seemed a stretch at first, but the corroborating coincidences are starting to get to be just too numerous to ignore...

 

[Wacky Quacky]

Still waiting on an explanation as to how the GOP held food hostage.... what'd they do, garb a bunch of lettuce and Spaghetti o's, blind fold them and lock 'em in a room?

You got your explanation. You just couldn't dispute it so you tried to erect a strawman instead. I refused to bite and now you are pretending it wasn't explained to you in the first place.

They can't refute it because there's nothing to refute. It's like me asking you to refute the existence of an indetecable dragon living next door to me, you can't.

If someone doesn't have food on the table after a year of job hunting, they are doing something seriously wrong. The "Now Hiring" signs never leave the windows of places like McDonalds. The job is crap and pays minimum wage, but it's food on the table. Then there's also food stamps, WIC, food banks, and other ways to get food. The GOP couldn't keep food off of anyone's table if they actually did try.

 

[Toddsterpatriot]

But Congressional Republicans deserve much more of the blame. For this calamity was entirely man-made -- even intentional. The contemporary Republican Party is fixated on taxes. It possesses an iron-clad belief that the existing tax rates should never go up, that loopholes shouldn't be closed unless they're offset by other tax reductions, that the fact that hedge fund managers pay lower tax rates than school teachers makes complete sense, that a reversion to the tax rates of the prosperous 1990's or 1980's would be unacceptable.

In the past two years, this attitude has combined with a general hostility to playing ball with Democrats on large legislative issues, a near-blanket refusal to conduct business with President Obama, and, since the arrival of the raucous Tea Party freshman, a cavalier attitude toward the nation's obligations. It was common to hear duly elected legislators argue that it wouldn't be a big deal if the government were to pierce the debt ceiling and default on its debts.

Top Congressional Republicans have expressed a desire to deny victories to the president.

Is the U.S. Credit Rating a Victim of GOP Sabotage? | Daniel Gross - Yahoo! Finance

.

"a reversion to the tax rates of the prosperous 1990's or 1980's would be unacceptable"

We should revert to those old rates.
A top rate of 28% and a second rate of 15% from 1988.
And then we should cut the business tax rate, 28% would be a good start.
20% would be better.

 

[Chris]

But Congressional Republicans deserve much more of the blame. For this calamity was entirely man-made -- even intentional. The contemporary Republican Party is fixated on taxes. It possesses an iron-clad belief that the existing tax rates should never go up, that loopholes shouldn't be closed unless they're offset by other tax reductions, that the fact that hedge fund managers pay lower tax rates than school teachers makes complete sense, that a reversion to the tax rates of the prosperous 1990's or 1980's would be unacceptable.

Top Congressional Republicans have expressed a desire to deny victories to the president.

Is the U.S. Credit Rating a Victim of GOP Sabotage? | Daniel Gross - Yahoo! Finance

.

"a reversion to the tax rates of the prosperous 1990's or 1980's would be unacceptable"

We should revert to those old rates.
A top rate of 28% and a second rate of 15% from 1988.
And then we should cut the business tax rate, 28% would be a good start.
20% would be better.

So eight years of peace, prosperity, and a balanced budget is unacceptable?

Listen to yourself.

 

[Stephanie]

Is the U.S. Credit Rating a Victim of GOP Sabotage? | Daniel Gross - Yahoo! Finance

.

"a reversion to the tax rates of the prosperous 1990's or 1980's would be unacceptable"

We should revert to those old rates.
A top rate of 28% and a second rate of 15% from 1988.
And then we should cut the business tax rate, 28% would be a good start.
20% would be better.

So eight years of peace, prosperity, and a balanced budget is unacceptable?

Listen to yourself.

PEACE?
the First world trade center bombing, Oklahoma city bombing, the branch davidians where Janet Reno ordered 20 children slaughtered, Clinton bombed Iraq, Elian Gonzalez was ripped from his families arms to be sent back to a Communist hellhole.

oh you MEAN, PEICE, when the Billy boy got it in THE OVAL OFFICE.

 

[Dot Com]

Stephie still sporting a butt-hurt avatar I see. Well, at least some things never seem to change @ here.

 

[Stephanie]

Stephie still sporting a butt-hurt avatar I see. Well, at least some things never seem to change @ here.

I'm glad you like it.
my gawd..

 

[oreo]

YES! That's a no-brainer!

The tea party didn't spend this money.



1 billion dollars--$100.00 bills stacked on palets



1 trillion dollars--$100.00 bills stacked on palets--NOTE how small the man is in this chart.

We are now 14.3 trillion dollars in red ink--and this debt ceiling bill actually raised it another 7 trillion--making for 21 trillion in red ink in 10 years. There simply is not enough wealth in this entire country--(including your paycheck) for the Federal Government to confiscate to pay this tab.

 

[Stephanie]

Just ran across this..

Greenspan: US "Can Pay Any Debt It Has Because We Can Always Print Money"


VIDEO AT SITE.



David Gregory, moderator of "Meet The Press" on NBC: "Are U.S. treasury bonds still safe to invest in?"

Alan Greenspan, Former Chairman of the Federal Reserve: "Very much so. This is not an issue of credit rating, the United States can pay any debt it has because we can always print money to do that. So, there is zero probability of default."

from with lots of comments..
Greenspan: US "Can Pay Any Debt It Has Because We Can Always Print Money" | RealClearPolitics
Greenspan says the S&P downgrade was just meant to hit a "nerve" and hurt the "self-esteem of the United States."

 

[Toddsterpatriot]

Is the U.S. Credit Rating a Victim of GOP Sabotage? | Daniel Gross - Yahoo! Finance

.

"a reversion to the tax rates of the prosperous 1990's or 1980's would be unacceptable"

We should revert to those old rates.
A top rate of 28% and a second rate of 15% from 1988.
And then we should cut the business tax rate, 28% would be a good start.
20% would be better.

So eight years of peace, prosperity, and a balanced budget is unacceptable?

Listen to yourself.

Huh?

 

[oreo]

GOP sabotage? Look at the Debt chart, then recall who extended the Bush Tax cuts. Agreed that the Bush admin was terrible, but the BO admin isn't any better. the dems are taking us deeper into the ditch.

Bush spent 1.6 billion dollars a DAY and Obama is spending 4.3 billion dollars a DAY.


The Federal government is borrowing .43 cents on every dollar it spends. We are paying out 29 BILLION dollars a month just on for the interest on the national debt.

This debt raising ceiling bill will add another 7 trillion to the deficit in 10 years--bringing it up to 21 trillion dollars. The bill they voted for--but none of them liked.--

 

[Avatar4321]

Yes. Of course it's the GOPs fault. Clearly all that spending Obama did wasn't responsible. And it couldnt possibly be the Administration's fault for refusing to cut spending. It's all Republicans. Completely ignore that they were the ones fighting for spending cuts in this recent "compromise" and got absolutely nothing because they caved to the Administration.

Clearly it's the GOP's fault for caving and not fighting for serious cuts.