Obama Bankrupting US so Bad, S&P may lower Bond Rating even with Debt Increase

[Neotrotsky]

Bloomberg:

A 50 percent likelihood that the U.S. will lose its top credit rating from Standard & Poor’s even if Congress reaches agreement on raising the debt ceiling left markets little changed.

...The U.S. will lose the AAA credit rating it has held since 1941 if New York-based S&P finds that a “credible solution” to the nation’s rising debt burden isn’t likely for the foreseeable future, the firm said yesterday. Borrowing will continue to rise unless a $4 trillion fiscal consolidation plan is agreed on, S&P said.​

TIP: Ace of Spades

Liberals treat raising the debt limit as if, with the stroke of a pen, we can simply authorize ourselves to spend and spend and spend more money than we have.​

Doug Ross

Let's liken the United States to the following household -- we'll call it the Obama family.

• The household brings in $100,000 a year.
• The household's annual spending, however, is $160,000, so it's been forced to borrow heavily to cover those bill
• When Daddy Obama began running the household in 2009, it had accumulated about $300,000 in debt.
• But only two-and-a-half short years later, the Obamas are now in debt for $520,000.

Now, in the real world, would any banker loan the Obamas money with a $60,000-a-year budget shortfall?

What would its FICO score (credit rating) be?

It's true: under Barack Obama, we're a subprime country. He and the Democrats built an unaffordable, failed "Stimulus" program into the baseline budget. And he is bankrupting the U.S., debt ceiling or no.​

 

[midcan5]

I'm always amazed at how many people where born yesterday or since Obama was elected. This is so amazing as history started from scratch two and half years ago and all before it had no effect. Just simply amazing.

"This is when the Republican Party set its trap. Meeting in closed sessions at the beginning of the Obama regime, the party of tax cuts for the rich, unfunded wars, and the largest deficit in the history of the country redefined itself. It suddenly became the party of deficit reduction through lean government joined to supreme confidence in unregulated financial and corporate markets. It even opposed the bail out of General Motors and Chrysler, though these actions stopped unemployment from reaching a dangerous tipping point, allowed the two companies time to reconstruct themselves, and enabled them to pay back the loans within two years–-creating one of the most successful bailouts in the history of Euro-American economic life." The Contemporary Condition: The Republican Pincer Machine

 

[Neotrotsky]

I'm always amazed at how many people where born yesterday or since Obama was elected. This is so amazing as history started from scratch two and half years ago and all before it had no effect. Just simply amazing.

"This is when the Republican Party set its trap. Meeting in closed sessions at the beginning of the Obama regime, the party of tax cuts for the rich, unfunded wars, and the largest deficit in the history of the country redefined itself. It suddenly became the party of deficit reduction through lean government joined to supreme confidence in unregulated financial and corporate markets. It even opposed the bail out of General Motors and Chrysler, though these actions stopped unemployment from reaching a dangerous tipping point, allowed the two companies time to reconstruct themselves, and enabled them to pay back the loans within two years–-creating one of the most successful bailouts in the history of Euro-American economic life." The Contemporary Condition: The Republican Pincer Machine

History of course not....It is the current rate of spending that is hurting us
Speaking of History

a budget submitted by Obama would add more to the debt than the outstanding debt of the previous 43 presidents combined.

Barack Obama and Democrats also added over One Trillion Dollars to the Federal Budget in the last 4 years.

That’s at least a 30% increase in federal spending in just 3 years.


Were do people get these crazy ideas that Papa Obama and the Left spends too much?

[ame=http://www.youtube.com/watch?v=DsrFa9jrpv8]‪Child's Pay 2‬‏ - YouTube[/ame]

 

[Sallow]

We started with a surplus in 2001.

Or are you forgetting that?

 

[WillowTree]

Here comes the surplus lie to the surface. I guess they think if they say it often enough it will come true.. NOT.. why do so many dimwits hate America?

 

[Neotrotsky]

We started with a surplus in 2001.

Or are you forgetting that?

On the annual budget no, we still had outstanding debt

Bush still spent less are you forgetting that

Under President Obama, government will spend more on welfare in a single year than President George W. Bush spent on the war in Iraq during his entire presidency. According to the Congressional Research Service, the cost of the Iraq war through the end of the Bush Administration was around $622 billion. By contrast, annual federal and state means-tested welfare spending will reach $888 billion in FY 2010. Federal welfare spending alone will equal $697 billion in that year.​

 

[Neotrotsky]

Here comes the surplus lie to the surface. I guess they think if they say it often enough it will come true.. NOT.. why do so many dimwits hate America?

It is all part the enchanted world of

Never Never Blame Obama Land

 

[The Rabbi]

We started with a surplus in 2001.

Or are you forgetting that?

Thanks to the GOP Congress.
But what does that have to do with the Democratic COngress and Obama spending us into insolvency?
I guess Joe BIden was wrong: We cannot spend to avoid bankruptcy.
[ame=http://www.youtube.com/watch?v=LHFEcyUNBjg]‪Biden: We Have To Spend Money To Keep From Going Bankrupt‬‏ - YouTube[/ame]

 

[Neotrotsky]

We started with a surplus in 2001.

Or are you forgetting that?

Thanks to the GOP Congress.
But what does that have to do with the Democratic COngress and Obama spending us into insolvency?
I guess Joe BIden was wrong: We cannot spend to avoid bankruptcy.
[ame=http://www.youtube.com/watch?v=LHFEcyUNBjg]‪Biden: We Have To Spend Money To Keep From Going Bankrupt‬‏ - YouTube[/ame]

ouch!

 

[WillowTree]

the very best thing that can happen to the United States is to lose it's triple A... we need to stop borrowing and we need to stop spending. We need to concentrate on getting debt free. It will be a bitter pill but one we have to swallow.

 

[Neotrotsky]

the very best thing that can happen to the United States is to lose it's triple A... we need to stop borrowing and we need to stop spending. We need to concentrate on getting debt free. It will be a bitter pill but one we have to swallow.

Sadly, you may be correct.

It could be avoided; but any real changes would mean less power for politicians, more so for Democrats because of entitlement reform.



The US gov't may need some type of "intervention" like a drug addict to face up
to its' debt problems.

 

[bripat9643]

The claim that the Democrat Party is the party of fiscal responsibility is too absurd for words. Democrats have always pushed for more spending and have always mercilessly demagogued any attempt to reign in entitlement spending. They are doing it to this day. Your post is just another attempt in that sorry history.

I'm always amazed at how many people where born yesterday or since Obama was elected. This is so amazing as history started from scratch two and half years ago and all before it had no effect. Just simply amazing.

"This is when the Republican Party set its trap. Meeting in closed sessions at the beginning of the Obama regime, the party of tax cuts for the rich, unfunded wars, and the largest deficit in the history of the country redefined itself. It suddenly became the party of deficit reduction through lean government joined to supreme confidence in unregulated financial and corporate markets. It even opposed the bail out of General Motors and Chrysler, though these actions stopped unemployment from reaching a dangerous tipping point, allowed the two companies time to reconstruct themselves, and enabled them to pay back the loans within two years–-creating one of the most successful bailouts in the history of Euro-American economic life." The Contemporary Condition: The Republican Pincer Machine

 

[Neotrotsky]

The claim that the Democrat Party is the party of fiscal responsibility is too absurd for words. Democrats have always pushed for more spending and have always mercilessly demagogued any attempt to reign in entitlement spending. They are doing it to this day. Your post is just another attempt in that sorry history.

I'm always amazed at how many people where born yesterday or since Obama was elected. This is so amazing as history started from scratch two and half years ago and all before it had no effect. Just simply amazing.

"This is when the Republican Party set its trap. Meeting in closed sessions at the beginning of the Obama regime, the party of tax cuts for the rich, unfunded wars, and the largest deficit in the history of the country redefined itself. It suddenly became the party of deficit reduction through lean government joined to supreme confidence in unregulated financial and corporate markets. It even opposed the bail out of General Motors and Chrysler, though these actions stopped unemployment from reaching a dangerous tipping point, allowed the two companies time to reconstruct themselves, and enabled them to pay back the loans within two years–-creating one of the most successful bailouts in the history of Euro-American economic life." The Contemporary Condition: The Republican Pincer Machine

The Left seems to forget,
there was a reason the American Voter kicked them out of the House
Their extreme policies and spending

Notice too how Papa ObamaCare is off the table
Real mature- he wants to keep his faux legacy going at the expense of the US

 

[bripat9643]

We started with a surplus in 2001.

Or are you forgetting that?

We also started with the collapse of the tech bubble. Spending was restrained during the Clinton Administration only because the Republicans in congress refused to pass all his spending requests and because the peace dividend allowed vast decreases in military spending.

Clinton and the Democrat party fought spending cuts every step of the way.

Democrats are literally an obstacle to progress.

 

[Neotrotsky]

We started with a surplus in 2001.

Or are you forgetting that?

We also started with the collapse of the tech bubble. Spending was restrained during the Clinton Administration only because the Republicans in congress refused to pass all his spending requests and because the peace dividend allowed vast decreases in military spending.

Clinton and the Democrat party fought spending cuts every step of the way.

Democrats are literally an obstacle to progress.

They also forget that Bush Tax cuts
worked faster, cost less and lowered unemployment
than anything Papa Obama has done

 

[ba1614]

The claim that the Democrat Party is the party of fiscal responsibility is too absurd for words. Democrats have always pushed for more spending and have always mercilessly demagogued any attempt to reign in entitlement spending. They are doing it to this day. Your post is just another attempt in that sorry history.

I'm always amazed at how many people where born yesterday or since Obama was elected. This is so amazing as history started from scratch two and half years ago and all before it had no effect. Just simply amazing.

"This is when the Republican Party set its trap. Meeting in closed sessions at the beginning of the Obama regime, the party of tax cuts for the rich, unfunded wars, and the largest deficit in the history of the country redefined itself. It suddenly became the party of deficit reduction through lean government joined to supreme confidence in unregulated financial and corporate markets. It even opposed the bail out of General Motors and Chrysler, though these actions stopped unemployment from reaching a dangerous tipping point, allowed the two companies time to reconstruct themselves, and enabled them to pay back the loans within two years–-creating one of the most successful bailouts in the history of Euro-American economic life." The Contemporary Condition: The Republican Pincer Machine

Yes, witness the budget the obama submitted for an example of their frugality, 97-0 against I believe the vote was.

Can you imagine the fuckin mess of America if the right just rolled over and gave these obama morons free reign?

 

[Neotrotsky]

The claim that the Democrat Party is the party of fiscal responsibility is too absurd for words. Democrats have always pushed for more spending and have always mercilessly demagogued any attempt to reign in entitlement spending. They are doing it to this day. Your post is just another attempt in that sorry history.

I'm always amazed at how many people where born yesterday or since Obama was elected. This is so amazing as history started from scratch two and half years ago and all before it had no effect. Just simply amazing.

"This is when the Republican Party set its trap. Meeting in closed sessions at the beginning of the Obama regime, the party of tax cuts for the rich, unfunded wars, and the largest deficit in the history of the country redefined itself. It suddenly became the party of deficit reduction through lean government joined to supreme confidence in unregulated financial and corporate markets. It even opposed the bail out of General Motors and Chrysler, though these actions stopped unemployment from reaching a dangerous tipping point, allowed the two companies time to reconstruct themselves, and enabled them to pay back the loans within two years–-creating one of the most successful bailouts in the history of Euro-American economic life." The Contemporary Condition: The Republican Pincer Machine

Yes, witness the budget the obama submitted for an example of their frugality, 97-0 against I believe the vote was.

Can you imagine the fuckin mess of America if the right just rolled over and gave these obama morons free reign?

You think it is bad now...

If he wins the next election, he will be even worse

 

[ba1614]

The claim that the Democrat Party is the party of fiscal responsibility is too absurd for words. Democrats have always pushed for more spending and have always mercilessly demagogued any attempt to reign in entitlement spending. They are doing it to this day. Your post is just another attempt in that sorry history.

Yes, witness the budget the obama submitted for an example of their frugality, 97-0 against I believe the vote was.

Can you imagine the fuckin mess of America if the right just rolled over and gave these obama morons free reign?

You think it is bad now...

If he wins the next election, he will be even worse

I heard it summed up nicely the other day, by I can't remember who. " It took a billion dollars for the obama to win the whitehouse because nobody knew him. This election is gonna cost him a billion because everyone DOES know him!"

 

[Neotrotsky]

Probably more like 2 billion.....

 

[uscitizen]

Obama Bankrupting US so Bad, S&P may lower Bond Rating even with Debt Increase


You mean that same ratings agency that rated junk mortgage bonds at AA rating?