The head of S&P explains their decision VIDEO

Discussion in 'Politics' started by Grampa Murked U, Aug 6, 2011.

  1. Grampa Murked U
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    Grampa Murked U Diamond Member

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    He states that the gridlock and lack of cuts propelled their decision process. He also clearly states that the Ryan budget or Simpson Bowls plan could have averted this.
    Based on that analysis it is clear that had Obama and the democrats not tabled both those ideas (in effect causing the gridlock) we could have avoided this.

    [ame=http://www.youtube.com/watch?v=SNmdLHM9deQ&feature=youtube_gdata_player]‪August 6, 2011 11:51 AM‬‏ - YouTube[/ame]
     
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  2. Grampa Murked U
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    Grampa Murked U Diamond Member

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    And where the hell is Obama? Every other "emergency" he's on the tv telling the public not to worry or proclaiming victory over some "important" issue or begging for people to be on his side.

    Now we have a situation that impacts nearly every American in some form or another and he's not got a speech to tell the people he has a plan to get us out of this mess?
     
  3. Greenbeard
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    Greenbeard Gold Member

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    Why did Paul Ryan vote against Bowles-Simpson?
     
  4. Grampa Murked U
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    Grampa Murked U Diamond Member

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    You would have to ask him that. How the hell would I know? Why didnt congress discuss either ideas?
     
  5. Full-Auto
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    Post the vote, a search doesnt reveal it. Since you have the inside track. SHARE!
     
  6. Greenbeard
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    Greenbeard Gold Member

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    The answer is that Bowles-Simpson wouldn't have ended Medicare and thus it didn't interest him. But what's really interesting is that you claim the failure of Bowles-Simpson is the fault of "Obama and the democrats" when the Republican Budget Chairman opposed it (indeed, all the House Republicans on the commission opposed Bowles-Simpson--I'll give you one guess on whether or not that package would've gotten through a Republican-controlled House). Congress didn't discuss it because Ryan was part of a bipartisan group that voted to prevent Congress from taking up Bowles-Simpson.

    And his budget was discussed. It came to a vote in both chambers of Congress, in fact. It failed to pass in the United States Senate because a majority of that body's members weren't keen on ending Medicare.

    The package needed 14 ayes from the commission in order to move on. Ryan was one of the 7 nos who were able to prevent the recommendations from moving on. My "inside track" is called a newspaper.
     
    Last edited: Aug 6, 2011
  7. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Ryans budget as well as their debt plan were tabled in the senate. That's hardly a discussion. Reid should have taken up both measures and debated them. Amended them. Tried to negotiate an outcome. You know, do his job.
     
  8. Grampa Murked U
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    Grampa Murked U Diamond Member

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    No response eh? Facts are a bitch aren't they....
     
  9. Greenbeard
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    Ryan's budget was not a serious proposal, it was red meat for the rightwing base. That's obvious enough from it contents, but Dave Camp admitted as much when he explained why Ways and Means wouldn't even bother to mark it up: “I’m not really interested in just laying down more markers. I’d rather have the committee working with the president and with the Senate, focused on savings and reforms that can be signed into law,” the Michigan Republican said.

    That might also explain why it was less than a week and a half between the release of his budget and the floor vote. Quite a bit of time and attention devoted to exploring the merits of ending Medicare, eh?

    Regardless, let me know when Ryan introduces Bowles-Simpson for consideration. Then we can talk about the relative merits of Ryan and Reid in "trying to negotiate an outcome" and "doing his job."

    It's Saturday afternoon. Errands sometimes take precedence over listening to rightwing whining.
     
  10. Si modo
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    Si modo Diamond Member

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    It doesn't matter what you think of the Ryan budget when it comes to the rating. It matters what S&P think, and they say it would have averted this rating drop.


    You don't matter.

    No offense.
     
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