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

[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.

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.

Of course it is the politicians fault. Both parties are full of shit and more interested in getting reelected than they are in saving our country from impending fiscal crisis. They can both confidently point fingers at the "other side" and blame each other knowing full well that useful idiots from both sides will blame the other.

The simple reality is that if the Congress had approved a debt ceiling increase and a FREEZE of federal spending at 2011's bloated rates- we would have increased our credit worthiness and in 5 short years we have a balanced budget or even a surplus.

We need strong leaders. Men who are not afraid to tell the truth and will sacrifice their political "careers" for the good of the country.

 

[NYcarbineer]

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

So, he - Obama - poisoned our rating.

That's false because Obama put a 4 trillion dollar deal on the table that Boehner walked away from because it had tax increases in it.

 

[C_Clayton_Jones]

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.

It would seem not.

And this is part of the problem with regard to addressing the politics of debt: ignorance of the fundamentals.

 

[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.

Of course it is the politicians fault. Both parties are full of shit and more interested in getting reelected than they are in saving our country from impending fiscal crisis. They can both confidently point fingers at the "other side" and blame each other knowing full well that useful idiots from both sides will blame the other.

The simple reality is that if the Congress had approved a debt ceiling increase and a FREEZE of federal spending at 2011's bloated rates- we would have increased our credit worthiness and in 5 short years we have a balanced budget or even a surplus.

We need strong leaders. Men who are not afraid to tell the truth and will sacrifice their political "careers" for the good of the country.

Well, I certainly agree with your last sentiment. Unfortunately, I will be stuck voting for the lessor of two evils. Again.

 

[LibocalypseNow]

Less really is more. Less Government is the only common sense way forward for this Nation. Too much Government is very bad for the People. And we're seeing that right now. Just give Freedom & Liberty a chance. Why not?

 

[Full-Auto]

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.

In the fourth deal? Is that your claim to fame?

 

[geauxtohell]

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.

In the fourth deal? Is that your claim to fame?

Huh?

 

[C_Clayton_Jones]

We can only hope that the downgrade will act as a wakeup call to the TPM and conservatives to abandon their inane and untenable position with regard to tax increases, act responsibly for once, and negotiate in good faith with democrats to enact real debt reduction and overall responsible governance.

 

[ClosedCaption]

Less really is more. Less Government is the only common sense way forward for this Nation. Too much Government is very bad for the People. And we're seeing that right now. Just give Freedom & Liberty a chance. Why not?

Too much govt is bad fo the ppl? How so?

And govt is smaller under Obama soooo yeah

 

[LibocalypseNow]

Big Government is a BIG FAIL. Time to make it much smaller. The People will prosper with more Freedom and Economic stability. We can stop 1984 from happening. We just need to act right now. What choice do we have anyway? Time for real Conservatism.

 

[kaz]

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.

It's irrelevant what you consider default. The "President" and the media and the administration are using it specifically to refer to default on our treasury debt payments. You seriously don't follow the news closely enough to know that?

 

[Full-Auto]

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

In the fourth deal? Is that your claim to fame?

Huh?

The number of times democrats forced Boehner to alter the plan. Less one.

 

[geauxtohell]

In the fourth deal? Is that your claim to fame?

Huh?

The number of times democrats forced Boehner to alter the plan. Less one.

He was still "98%" happy with what he got.

So there you have it.

 

[NYcarbineer]

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.

Fiscal conservatism is. But what modern establishment conservatives refuse to accept is that fiscal conservatism does not automatically exclude tax increases.

It is as fiscally irresponsible to cut taxes without cutting spending as it is to increase spending without increasing taxes.

 

[Full-Auto]

Huh?

The number of times democrats forced Boehner to alter the plan. Less one.

He was still "98%" happy with what he got.

So there you have it.

Divided by 4


Thanks for playing.

 

[ABikerSailor]

From Bloomberg (a place that knows about economics)........

S&P lowered the U.S. one level to AA+ while keeping the outlook at “negative” as it becomes less confident Congress will end Bush-era tax cuts or tackle entitlements. The rating may be cut to AA within two years if spending reductions are lower than agreed to, interest rates rise or “new fiscal pressures” result in higher general government debt, the New York-based firm said yesterday.

U.S. Loses AAA Credit Rating as S&P Slams Debt - Bloomberg

Apparently, the largest reason for the downgrade is the teabagger's refusal to consider revenue increases.

 

[Full-Auto]

From Bloomberg (a place that knows about economics)........

S&P lowered the U.S. one level to AA+ while keeping the outlook at “negative” as it becomes less confident Congress will end Bush-era tax cuts or tackle entitlements. The rating may be cut to AA within two years if spending reductions are lower than agreed to, interest rates rise or “new fiscal pressures” result in higher general government debt, the New York-based firm said yesterday.

U.S. Loses AAA Credit Rating as S&P Slams Debt - Bloomberg

Apparently, the largest reason for the downgrade is the teabagger's refusal to consider revenue increases.

That was already debunked several times.

But thanks for the DNC parroted line.

Need a cracker?

 

[Trajan]

I see, first - to quote Modbert-

Cool, so we're defining entire political spectrums by one person now?



in any event, critical thinking is required to parse what I thought was a simple message- we have to deal wiht the issue, not assemble some political attuned patchwork BS, under threat of such we would deal with it, yet? and here we are.

IF that meant ( and I do not agree wholly) default would have focused out minds and forced the changes necessary a downgrade or default would be dim memories, since we would have turned a corner and put ourselves on a sound fiscal/financial footing. that was and IS the key.

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.

another question is; what if we had come with the bill we did pass, say in june? would it have mattered?

 

[ABikerSailor]

From Bloomberg (a place that knows about economics)........

S&P lowered the U.S. one level to AA+ while keeping the outlook at “negative” as it becomes less confident Congress will end Bush-era tax cuts or tackle entitlements. The rating may be cut to AA within two years if spending reductions are lower than agreed to, interest rates rise or “new fiscal pressures” result in higher general government debt, the New York-based firm said yesterday.

U.S. Loses AAA Credit Rating as S&P Slams Debt - Bloomberg

Apparently, the largest reason for the downgrade is the teabagger's refusal to consider revenue increases.

That was already debunked several times.

But thanks for the DNC parroted line.

Need a cracker?

I kinda think that the people at Bloomberg (people who actually study the economy) know more about this than you do. And.......fwiw.........Bloomberg isn't the only place that has said that.

Got any links to prove the debunking, or are you just talking out your ass as usual?

 

[Si modo]

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

So, he - Obama - poisoned our rating.

That's false because Obama put a 4 trillion dollar deal on the table that Boehner walked away from because it had tax increases in it.

And, that deal would have made zero difference in what our rating is today.

As I said, not rocket science.