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As Toro pointed out indirectly and politely the markets have already downgraded treasuries: yields are going up and prices are going down on our bonds. State insolvencies and municipal requests for bankruptcy are on the rise. If federal law is amended to permit state bankruptcy IL, probably CA and possibly NY would be on the court house steps in relatively short order.
The same rating companies that was giving out AAA credit ratings to subprime mortgages?
Progressives have finally succeeded in tipping the USA toward a Cloward-Piven chaotic economy as Moody announces it will seek to cut the rating if the "Tax cut" pact passes.
They've works tirelessly to swamp our economy with unsustainable social spending and union benefits and now what the UAW did for Detroit, Progressives want to do to the country.
News Headlines
If the tax cuts don't happened, Moody's won't put the US on watch.
Therefore, don't cut taxes.
Moody's doesn't give a rat's ass about some stale ideological debate.
What do you think about Moody's and other rating agencies credibility or lack thereof after the subprime mortgage crisis Toro?
Do you know what "Credit enhancement" is?
Google it before you embarrass yourself any further
The credit crisis of 2007-2008 has discredited the process of credit enhancement of structured securities as a financial practice as the risk was not assessed correctly and defaults began to rise. If the credit rating was properly assessed and higher interest rates assigned to structured securities, then the crisis may have been averted.
Progressives have finally succeeded in tipping the USA toward a Cloward-Piven chaotic economy as Moody announces it will seek to cut the rating if the "Tax cut" pact passes.
They've works tirelessly to swamp our economy with unsustainable social spending and union benefits and now what the UAW did for Detroit, Progressives want to do to the country.
News Headlines
Progressives have finally succeeded in tipping the USA toward a Cloward-Piven chaotic economy as Moody announces it will seek to cut the rating if the "Tax cut" pact passes.
They've works tirelessly to swamp our economy with unsustainable social spending and union benefits and now what the UAW did for Detroit, Progressives want to do to the country.
News Headlines
If the tax cuts don't happened, Moody's won't put the US on watch.
Therefore, don't cut taxes.
Great "thinking"
Therefore Dems should raise taxes and then we'd be an AAAAA credit right?
If the tax cuts don't happened, Moody's won't put the US on watch.
Therefore, don't cut taxes.
Great "thinking"
Therefore Dems should raise taxes and then we'd be an AAAAA credit right?
The Republicans are forcing this budget buster on the president.
Yes, the Democrats should say 'no' and have the guts to back it up.
Caving in to Republican fiscal policy is always a recipe for disaster.
Do you know what "Credit enhancement" is?
Google it before you embarrass yourself any further
You should google because YOU embarrass yourself any further.
Credit enhancement - Wikipedia, the free encyclopedia
The credit crisis of 2007-2008 has discredited the process of credit enhancement of structured securities as a financial practice as the risk was not assessed correctly and defaults began to rise. If the credit rating was properly assessed and higher interest rates assigned to structured securities, then the crisis may have been averted.
Credit rating agencies and the subprime crisis - Wikipedia, the free encyclopedia
Great "thinking"
Therefore Dems should raise taxes and then we'd be an AAAAA credit right?
The Republicans are forcing this budget buster on the president.
Yes, the Democrats should say 'no' and have the guts to back it up.
Caving in to Republican fiscal policy is always a recipe for disaster.
Obama's annual $1.3 Trillion deficits are the problem dipshit
The Republicans are forcing this budget buster on the president.
Yes, the Democrats should say 'no' and have the guts to back it up.
Caving in to Republican fiscal policy is always a recipe for disaster.
Obama's annual $1.3 Trillion deficits are the problem dipshit
the deficit he inherited was running at $1.5 trillion, so it looks like he is making progress in reducing the deficit....though I can agree, nearly not enough.
this is not done in a sum zero.
the new govt can only work with what they are LEFT in running yearly deficits, and work from there...bush's last deficit was running nearly $1.5 trillion, and now it is nearly 1.3 trillion.....it will go up to about 1.7 trillion if the tax cuts are extended and the republicans in the house do not cut their spending accordingly...
Obama's annual $1.3 Trillion deficits are the problem dipshit
the deficit he inherited was running at $1.5 trillion, so it looks like he is making progress in reducing the deficit....though I can agree, nearly not enough.
this is not done in a sum zero.
the new govt can only work with what they are LEFT in running yearly deficits, and work from there...bush's last deficit was running nearly $1.5 trillion, and now it is nearly 1.3 trillion.....it will go up to about 1.7 trillion if the tax cuts are extended and the republicans in the house do not cut their spending accordingly...
Obama's adding across the board increases at every department and added new Czars, took over auto industry, banks and health care.
He's done everything he can to make a financial collapse all but certain.
You're either not paying attention or don't understand what's happening
Bush and Delay sucked and in my version of Dante's Inferno they are under Satans ass in the 9th Circle for the damage they caused when they could have helped
The Republicans are forcing this budget buster on the president.
Yes, the Democrats should say 'no' and have the guts to back it up.
Caving in to Republican fiscal policy is always a recipe for disaster.
Obama's annual $1.3 Trillion deficits are the problem dipshit
the deficit he inherited was running at $1.5 trillion, so it looks like he is making progress in reducing the deficit....though I can agree, nearly not enough.
this is not done in a sum zero.
the new govt can only work with what they are LEFT in running yearly deficits, and work from there...bush's last deficit was running nearly $1.5 trillion, and now it is nearly 1.3 trillion.....it will go up to about 1.7 trillion if the tax cuts are extended and the republicans in the house do not cut their spending accordingly...
Amazing the number of people who confuse the Federal government with the US economy.
I've never seen such fundamental ignorance since, well, since people tried to convince me FDR was "great"
Great "thinking"
Therefore Dems should raise taxes and then we'd be an AAAAA credit right?
The Republicans are forcing this budget buster on the president.
Yes, the Democrats should say 'no' and have the guts to back it up.
Caving in to Republican fiscal policy is always a recipe for disaster.
Obama's annual $1.3 Trillion deficits are the problem dipshit
He's done everything he can to make a financial collapse all but certain.
