U.S. Facing further credit downgrade

Discussion in 'Politics' started by The Rabbi, Oct 23, 2011.

  1. The Rabbi
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    The Rabbi Diamond Member

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    To any thinking person the credit downgrades ought to be a wake up call. But not to this president who, like Canute, thinks he can just declare "We've always been a triple A country" and it will be all right.
    So now it looks like another ratings agency will issue a downgrade. I predict the reaction on the Left will be "so what?" Of course they will scream about spending under Reagan and Bush but I dont remember a credit downgrade under those two presidents. Only this one.

    U.S. rating likely to be downgraded again: Merrill - Yahoo! News
     
  2. Lovebears65
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    Lovebears65 Gold Member

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    But , but, Chris,truthmatters and BDpoop thinks Obama is doing such a great job he needs to be re elected before you know it we will have no credit rankings. VOTE OBAMA OUT IN 2012
     
  3. ShaklesOfBigGov
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    ShaklesOfBigGov Restore the Republic

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    It's quite obvious, Obama hasn't learned from the last downgrade. Apparently this talk about simply "taxing the rich" isn't enough to satisfy them. He just doesn't get it: STOP Big Government spending AND get serious about spending cuts.
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    O-BA-MA!!

    Yes he can!

    Democrats, the Down Graded Party
     
  5. Charles_Main
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    Charles_Main AR15 Owner

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    Of Course we are. Despite the Spin of the left the Facts are simple. S&P told us we needed to decrease the amount of money we were borrowing/Printing. They really didn't care whether we achieved it through spending cuts, or Revenue Increases. They just want to see were going in the right Direction and got the Message. Clearly we did not, and with a Push now to spend another half Trillion. Clearly were still not getting it.

    With a Nation that can Print Money. Your Credit rating is not really about whether or not you are going to default. Because you can print money. The Lower the Rating the more likely they are saying it is we will resort to Printing money to cover Debts.

    Anyone with Half a Brain knows the chances we will have to Print Money to Cover Debts is Very High. How do you think this supposedly Fully Funded Jobs Bill would be Funded? It calls on Cuts down the Road to offset it, but the actual Money spent now, will be Printed. The Credit Rating Agencies know it, they see were not getting the Message, and more Downgrades are almost inevitable.
     
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    Last edited: Oct 23, 2011
  6. Charles_Main
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    Charles_Main AR15 Owner

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    What isn't Satisfying them is the fact that he wants to spend(Borrow or Print) 450 Billion right now, and supposedly Pay for it with offsetting cuts down the road. Obama's So called Jobs bill is a loud and clear message to the Credit Agencies. Obama does not get it, Democrats do not get it.
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Obama will turn the OWS crowd loose after the next downgrade, you watch
     
  8. Matthew
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    Matthew Blue dog all the way!

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    Can we all agree that when your(our) credit is being downgraded(or threaten) that your likely(we're) doing something very wrong???
     
    Last edited: Oct 23, 2011
  9. Full-Auto
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    Full-Auto Gold Member

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    Add two thousand more regulations, hire a few more czars, stop some additional businesses to create layoffs and blame GW.

    But when I am feeling down....


    [​IMG]
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Pelosi, Reid & Obama
     

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