So the same Conservatives who wanted us to default...

[geauxtohell]

CriticalThinking.org - Defining Critical Thinking

Michele Bachmann voted against raising the debt and definitely did want to default;

now she's ranting about how the president is to blame for this horrible downgrade.

She WANTED a downgrade, and more. As did any and all conservatives who were willing to default.

and now of course, you will be so kind as to cite just ONE instance where Michelle Bachmann stated she wanted us to default, right?

Nobody wants us to default (or at least they aren't so stupid as to state that). The debate has been over whether we would default and whether, if we did, it would be a big deal.

On that regard, I would be happy to give you Bachmann's words.

“This is a misnomer that I believe that the president and the Treasury secretary have been trying to pass off on the American people, and it’s this: that if Congress fails to raise the debt ceiling by $2.5 trillion, that somehow the United States will go into default and we will lose the full faith and credit of the United States. That is simply not true.”

Michele Bachmann’s defaulty logic - The Washington Post

So Bachmann magically believed our credit rating would have been preserved if we had failed to act and had an even bigger crisis?

What planet does she live on?

Bachmann was for the downgrade before she was against it.

 

[NYcarbineer]

Not many have benefited so much as Michelle Bachmann and her husband from our "welfare state". This woman is absolutely laughable. The scary part is a lot of people support her thinking, while ignoring her real life experience.

She has far more experience then our Boob In Chief and she's a whole lot more right as well. I don't see an issue.

If Michele Bachmann had had her way last week, we would be in default now.

 

[geauxtohell]

So now we're going to pretend that only Michele Bachmann was opposed to raising the debt ceiling?

What a surprise. Another rightwing history revision.

Soo answer me this... If the bad budget that passed the house, the Senate and Obama is the reason the US credit was downgraded then wouldn't the people that voted against the bad budget be on to something?

The downgrade happened not because of who voted against it but because the bill was bad, so anyone who voted for it to get it passed caused this.

No, because the bill last week raised the debt ceiling. Anyone who voted against it wanted us to default on at least 40% of our obligations. Common sense should tell you that such a circumstance would have been viewed even more negatively by the raters.

Wait did you say "common sense"?

 

[geauxtohell]

Not many have benefited so much as Michelle Bachmann and her husband from our "welfare state". This woman is absolutely laughable. The scary part is a lot of people support her thinking, while ignoring her real life experience.

She has far more experience then our Boob In Chief and she's a whole lot more right as well. I don't see an issue.

If Michele Bachmann had had her way last week, we would be in default now.

But at least our credit would have been preserved!

Because nothing says "good credit" like not being able to pay your bills.

 

[ClosedCaption]

Repubs said we can default and nothing would happen. I'm amazed they were wrong. /s

 

[kiwiman127]

If Obama had gotten what he wanted, we still would have been downgraded.

So, he - Obama - poisoned our rating.

No, it's very clear that is was dedication to ideology over country that drove down the credit rating. Obama, the Dems, the GOP and particularly the Tea Party are all responsible.

The downgrade was because our spending was out of control and the Tea Party are the only ones who want to actually cut spending. And that's "ideology" and they are "responsible" as well. Buy a clue, my friend...

I have a clue, obviously the spend and borrow philosophy by both parties since the 80's, is a main culprit. But what scared S & P and frankly the entire financial world was the refusal to compromise and the driving the US economy to the very edge of the cliff. That chaos my friend, was Tea Party driven.

 

[NYcarbineer]

That is NOT what the downgraders said.

One of many links...

On August 2, President Barack Obama signed legislation designed to reduce the fiscal deficit by $2.1 trillion over 10 years. But that was well short of the $4 trillion in savings S&P had called for as a good "down payment" on fixing America's finances.

United States loses prized AAA credit rating from S&P

The GOP's no compromise position on revenues made a 4 trillion dollar deal politically impossible.

 

[Zander]

To believe the OP requires immense stupidity, or the suspension of common sense. The US Credit rating was lowered because we did not reign in spending. The "cuts" in the growth of spending are so small that the credit rating agencies were forced to lower our AAA rating to AA.

So, what will be the result of this? Nothing. Yields on Treasuries will remain the same or even get lower. We are still the tallest midget in the circus.

 

[NYcarbineer]

Soo answer me this... If the bad budget that passed the house, the Senate and Obama is the reason the US credit was downgraded then wouldn't the people that voted against the bad budget be on to something?

The downgrade happened not because of who voted against it but because the bill was bad, so anyone who voted for it to get it passed caused this.

No, because the bill last week raised the debt ceiling. Anyone who voted against it wanted us to default on at least 40% of our obligations. Common sense should tell you that such a circumstance would have been viewed even more negatively by the raters.

Wait did you say "common sense"?

Yeah, I know...

All one needs to know about the blame game here is that after deal was reached last week,

John Boehner said that the GOP got 98% of what they wanted.

So, common sense should tell you that if the credit downgrade is in any way related to the debt ceiling/budget deal,

Democrats, by Boehner's own proclamation, deserve 2% of the blame.

 

[NYcarbineer]

are now acting as if the credit downgrade is a disaster,

and it's Obama's fault?

Seriously? Did they really think default would not also lead to a credit downgrade??

Didn't they think that default would be no big deal? That we'd just pay the interest and everything would be fine??

Name the ones who said they wanted a default? List em.

You. Unless I'm mistaken. Show us where you said you wanted a debt ceiling limit raise without conditions.

 

[NYcarbineer]

Suddenly, magically, no conservatives on USMB wanted to keep the debt ceiling where it was and thus default.

Amazing.

 

[geauxtohell]

To believe the OP requires immense stupidity, or the suspension of common sense. The US Credit rating was lowered because we did not reign in spending. The "cuts" in the growth of spending are so small that the credit rating agencies were forced to lower our AAA rating to AA.

So, what will be the result of this? Nothing. Yields on Treasuries will remain the same or even get lower. We are still the tallest midget in the circus.

Saying this was a bad bill ignores the time factor of the matter. This was an 11th hour Hail Mary by Washington to try and avoid a downgrade and default. It apparently didn't work as far as S&P was concerned.

However, it's not like this "compromise" was passed with the luxury of time to really hash out a sufficient policy that would have had a better outcome.

In fact, S&P cited the fractious nature of Washington as part of the reason for the downgrade. They don't think that either party can work with the other to act in the countries best interest. They are "shorting" us based on their doubts that the DEMS and Republicans can get anything done in the future based on how this whole thing went down.

There is enough blame to go around on this matter. To include the reason we were out of time to begin with.

 

[Full-Auto]

are now acting as if the credit downgrade is a disaster,

and it's Obama's fault?

Seriously? Did they really think default would not also lead to a credit downgrade??

Didn't they think that default would be no big deal? That we'd just pay the interest and everything would be fine??

Another party hack line.

Smell that? The perfume of desperation.

I guess we shouldnt bring up the comments from the left right now and kill your rant.

Better spray a bit more, Im sure that will help!

 

[NoNukes]

Obama wanted a default, remember? He kept saying there would be one when there was no chance of it happening. Sorry to have to remind you of reality. Too bad republicans caved to the dems and we got this piece of shit legislation that did nothing to help the debt situation. But at least the debt ceiling got raised. yay

Boner got 98% of what he wanted, It was about making the Republicans happy.

 

[Full-Auto]

Obama wanted a default, remember? He kept saying there would be one when there was no chance of it happening. Sorry to have to remind you of reality. Too bad republicans caved to the dems and we got this piece of shit legislation that did nothing to help the debt situation. But at least the debt ceiling got raised. yay

Boner got 98% of what he wanted, It was about making the Republicans happy.

Hmmm wanted 4 trillion got less then a trillion.

YOUR MATH SUCKS.

Just sayin............

 

[NoNukes]

CriticalThinking.org - Defining Critical Thinking

You won't believe this, but I have been told here by someone that critical thinking is nothing but a right wing concept.

I should have said, 'thank you' but I think I just posted .

From the evidence available on this board, it does seem to be a right wing concept. I'm not seeing much evidence of any critical thought from the lefties. They appear to prefer having their 'thoughts' given to them by the media.[/QUOTE]

Have you never heard of Fox News?

 

[LibocalypseNow]

True Conservatism is the only logical way forward for this Nation. At some point even the most loyal Socialists/Progressives are going to have to accept this reality.

 

[NYcarbineer]

are now acting as if the credit downgrade is a disaster,

and it's Obama's fault?

Seriously? Did they really think default would not also lead to a credit downgrade??

Didn't they think that default would be no big deal? That we'd just pay the interest and everything would be fine??

This is why liberalism deserves no respect. I keep asking you and the other liberals if we have $20 billion in interest payments and we have $200 billion in revenue why we would ever "default." We wouldn't. The lie works, you just keep running with it. That you have to run with a lie is what should give you pause to reflect on your own positions. The truth is not your friend. That should be a problem for even you.

And the answer to your question is that it wasn't the "default" or the downgrade which is the issue, it's the out of control spending. That hasn't changed, that's why the reaction hasn't changed. I mean duh. You really didn't get that?

And I keep telling you that 'default' is not limited to paying interest on the debt.

Do you understand that when a bond matures, the bond issuer has to give the principal back?

Do you understand that if you contract someone to do work for you, you have to pay them for it when it's due.

 

[geauxtohell]

Obama wanted a default, remember? He kept saying there would be one when there was no chance of it happening. Sorry to have to remind you of reality. Too bad republicans caved to the dems and we got this piece of shit legislation that did nothing to help the debt situation. But at least the debt ceiling got raised. yay

Boner got 98% of what he wanted, It was about making the Republicans happy.

Hmmm wanted 4 trillion got less then a trillion.

YOUR MATH SUCKS.

Just sayin............

You mean Boehner's math sucks. I mean, he is the one that said he got 98% of what he wanted.

 

[geauxtohell]

True Conservatism is the only logical way forward for this Nation. At some point even the most loyal Socialists/Progressives are going to have to accept this reality.

Six solid years of conservatism is a large part of why we are in this mess to begin with.