Barry's US Credit rating Down-Grade

[JoeNormal]

It was the republican forced default that cost us our credit rating downgrade you stupid fuck.

Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)

The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.

The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:

"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."

S&P Downgrades US Credit Rating to AA+


"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.

The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."

The Obama downgrade

Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:

"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."

Why Did America Receive a Credit Rating Downgrade? - AskHeritage

Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!

The whole republican default debacle was brought about by their mindless obedience towards Grover Norquist. Thankfully, even brain dead republicans now seem to have forgotten about this hack but at the time, he had them in some sort of Svengali-like trance.

Nobody gives a fuck about Grover Norquist.

Good, even republicans are capable of learning something then.

 

[BlindBoo]

What led to the downgrade?

S&P’s downgrade demonstrates the economic ramifications of the political gridlock in Washington. Congress reached an eleventh hour deal to raise the debt ceiling, barely saving our nation from default. However, S&P responded stating the compromise, “falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.” S&P further cited a “lack of apparent willingness of elected officials as a group to deal with the U.S. medium term fiscal outlook” as a justification for downgrade.

Just the Facts - Credit Downgrade - No Labels

Who forced the debt ceiling debacle?

Who holds the purse strings?

Congress.

 

[ABikerSailor]

It was the republican forced default that cost us our credit rating downgrade you stupid fuck.

Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)

The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.

The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:

"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."

S&P Downgrades US Credit Rating to AA+


"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.

The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."

The Obama downgrade

Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:

"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."

Why Did America Receive a Credit Rating Downgrade? - AskHeritage

Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!

Did you realize that this is an article from all the way back in 2011? It even says in the red part that the downgrade would hurt Obama in the next election.

Old news.......................

I'm more worried that the Republicans might let the government shut down again at the end of this month.

 

[easyt65]

Not that I'm a huge Barry fan but when Dubya handed the US the shit sandwich of a collapsed economy and millions of people needed assistance, what would you have done?

Every time you open your mouth you expose your ignorance.

Over a 6 year period - during 2 wars, during 9/11, and after the economic aftermath of 9/11 - Bush only added $2.5 Trillion over 6 (SIX) years.
- By comparison Obama added nearly $7 Trillion in only 4 years, almost TRIPLE what Bush did.

The DEMOCRATS took over congress - with a near SUPER MAJORITY - Bush's last 2 years in office. This mean DEMOCRATS controlled the budget, DEMOCRATS controlled the spending, and DEMOCRATS controlled the economy - NOT BUSH.
-- The last 2 years is when even Democrats admit the economy began going south. WHO was running Congress, the budget, spending, and the economy during these 2 years? Yup - DEMOCRATS!

In the last 2 years under DNC-Congressional Control DEMOCRATS added $1.5 Trillion in new debt. In 2 years they added only $1 Trillion shy of what Bush had added in 6 years!

So the F*ed Up economy that Barry 'inherited' was NOT one of Bush's making but one he inherited from his own fellow Democrats!

 

[ABikerSailor]

Yo Easy.................did you forget the part where Jr. didn't pay for the war, just put it on the credit card?

 

[easyt65]

What led to the downgrade?

S&P’s downgrade demonstrates the economic ramifications of the political gridlock in Washington. Congress reached an eleventh hour deal to raise the debt ceiling, barely saving our nation from default. However, S&P responded stating the compromise, “falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.” S&P further cited a “lack of apparent willingness of elected officials as a group to deal with the U.S. medium term fiscal outlook” as a justification for downgrade.

Just the Facts - Credit Downgrade - No Labels

Who forced the debt ceiling debacle?

Who holds the purse strings?

Congress.

Republicans called for more spending cuts. Democrats and Obama said NO!

S&P WARNED Democrats & Obama that if they refused to agree to more budget cuts the US Credit rating would be downgraded - Democrats and Obama said 'NO!'

The GOP did not get it's way - Democrats / Obama did.

The S&P did not get what it wanted - Democrats and Obama did.

So HOW IN THE HELL is it the GOP's fault? Only in a frickin' liberals screwed up head....

 

[easyt65]

Yo Easy.................did you forget the part where Jr. didn't pay for the war, just put it on the credit card?

Hillary argued for it and voted for it. We'll just put part of it on her credit card...along with that missing $6 Billion from the State Department.

 

[ABikerSailor]

Yo Easy.................did you forget the part where Jr. didn't pay for the war, just put it on the credit card?

Hillary argued for it and voted for it. We'll just put part of it on her credit card...along with that missing $6 Billion from the State Department.

Almost all of the Republicans and almost half of the Democrats voted for the war because Jr. and Cheney lied to Congress and based all of their intel on one source named Curveball which later was shown to be unreliable.

Deflection isn't your strong suit dude.

 

[easyt65]

Yo Easy.................did you forget the part where Jr. didn't pay for the war, just put it on the credit card?

Hillary argued for it and voted for it. We'll just put part of it on her credit card...along with that missing $6 Billion from the State Department.

Almost all of the Republicans and almost half of the Democrats voted for the war because Jr. and Cheney lied to Congress and based all of their intel on one source named Curveball which later was shown to be unreliable.

Deflection isn't your strong suit dude.

Hillary argued for it and voted for it. We'll just put part of it on her credit card...along with that missing $6 Billion from the State Department.

 

[BlindBoo]

What led to the downgrade?

S&P’s downgrade demonstrates the economic ramifications of the political gridlock in Washington. Congress reached an eleventh hour deal to raise the debt ceiling, barely saving our nation from default. However, S&P responded stating the compromise, “falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.” S&P further cited a “lack of apparent willingness of elected officials as a group to deal with the U.S. medium term fiscal outlook” as a justification for downgrade.

Just the Facts - Credit Downgrade - No Labels

Who forced the debt ceiling debacle?

Who holds the purse strings?

Congress.

Republicans called for more spending cuts. Democrats and Obama said NO!

S&P WARNED Democrats & Obama that if they refused to agree to more budget cuts the US Credit rating would be downgraded - Democrats and Obama said 'NO!'

The GOP did not get it's way - Democrats / Obama did.

The S&P did not get what it wanted - Democrats and Obama did.

So HOW IN THE HELL is it the GOP's fault? Only in a frickin' liberals screwed up head....

S&P's reasoning is well documented so your revisionism is meaningless. They warned both parties.

 

[easyt65]

S&P's reasoning is well documented so your revisionism is meaningless. They warned both parties.

Your opinion is duly noted, and S&P's reasoning, as I said it, is well documented in the links I provided.

 

[ABikerSailor]

Yo Easy.................did you forget the part where Jr. didn't pay for the war, just put it on the credit card?

Hillary argued for it and voted for it. We'll just put part of it on her credit card...along with that missing $6 Billion from the State Department.

Almost all of the Republicans and almost half of the Democrats voted for the war because Jr. and Cheney lied to Congress and based all of their intel on one source named Curveball which later was shown to be unreliable.

Deflection isn't your strong suit dude.

Hillary argued for it and voted for it. We'll just put part of it on her credit card...along with that missing $6 Billion from the State Department.

Hillary only voted for it because Jr. and Cheney lied to the Congress and the American people. And no, it wasn't her decision to put it on the credit card, it was Jr.'s. Remember the lie we were told that the war would only be a year or two, but it would be paid for by the oil we'd get?

 

[easyt65]

Hillary only voted for it because.....

B...b...b...but Hillary only argued for it and voted for it because....

 

[ABikerSailor]

Hillary only voted for it because.....

B...b...b...but Hillary only argued for it and voted for it because....

Not only did Hillary vote for it, but so did 40 percent of the Democrats, and damn near all of the Republicans. They also share part of the blame. But they only voted for it because Jr. and Cheney lied.

 

[BlindBoo]

S&P's reasoning is well documented so your revisionism is meaningless. They warned both parties.

Your opinion is duly noted, and S&P's reasoning, as I said it, is well documented in the links I provided.

Like I said it was both parties who were warned..... from your first link.

"The downgrade," S&P said, "reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."

In particular, Standard & Poor's added, it grew more pessimistic about U.S. debt because of the bitter political fight over raising the debt ceiling.

"The political brinksmanship of recent months," the company said, "highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed."

The agency pointed to political reluctance to make cuts to entitlement programs such as Medicare and Social Security, and Republicans' refusal even to consider increasing revenues by, for instance, ending the Bush tax cuts.

 

[kaz]

When the two sides can't agree, it's the Republicans. Grow a pair, Nancy

Sounds like you think the default was a good idea.

First of all, there was never going to be a "default." Weren't a math major, were you, Dopey? There was way more money coming in than interest payments.

And second, what does that have to do with my point? Obama wouldn't agree to Republicans just like the Republicans wouldn't agree with Obama. And a stupid twat that you are you say OMG, that's the Republicans fault. Stop being such a pussy, Obama didn't cave any more than the Republicans didn't

I have a minor in math you overpaid retard. What's your idea of higher math, balancing your checkbook?

So if the republican idea of digging in their heels and saying 'no more' was such a great idea, why was it so catastrophic and why didn't they continue doing it?

I majored in math.

So how is it that you don't know that we had way more money coming in than the interest payments due so there's no way we would have defaulted unless the Obama administration and Democratic leadership decided to do it on purpose?

You're a liar. We had no reason to default

Ok, I used the wrong term. It wasn't default, it was sequestration. That better?

No, it's not sequestration either. It's just we would have to stop increasing our debt limit. Your credit card has limits, you can't spend more until you pay it down

 

[JoeNormal]

Sounds like you think the default was a good idea.

First of all, there was never going to be a "default." Weren't a math major, were you, Dopey? There was way more money coming in than interest payments.

And second, what does that have to do with my point? Obama wouldn't agree to Republicans just like the Republicans wouldn't agree with Obama. And a stupid twat that you are you say OMG, that's the Republicans fault. Stop being such a pussy, Obama didn't cave any more than the Republicans didn't

I have a minor in math you overpaid retard. What's your idea of higher math, balancing your checkbook?

So if the republican idea of digging in their heels and saying 'no more' was such a great idea, why was it so catastrophic and why didn't they continue doing it?

I majored in math.

So how is it that you don't know that we had way more money coming in than the interest payments due so there's no way we would have defaulted unless the Obama administration and Democratic leadership decided to do it on purpose?

You're a liar. We had no reason to default

Ok, I used the wrong term. It wasn't default, it was sequestration. That better?

No, it's not sequestration either. It's just we would have to stop increasing our debt limit. Your credit card has limits, you can't spend more until you pay it down

Government funding isn't like household funding. The government is the lender of last resort and an equalizing force in the economy which has capabilities that individuals don't have to balance the economy as a whole.

 

[owebo]

There was no GOP Default.

Barry claimed Bush adding $4 Trillion in 8 (EIGHT) years was Un-Patriotic...and then proceeded to add nearly $7 Trillion in only 4 years. His 1st economic bill was the failed nearly $1 Trillion Stimulus bill that was foiled with over 7,000 pieces of DNC-Only PORK.

S&P was alarmed by the massive increase in DNC Debt Growth (Begun at the start of bush's last 2 years in office when the DNC took a near super-majority control of both the House and Senate - which means THEY took control of the budget, spending, & the economy)!

So the S&P went to the President and urged him to accept MORE of the spending cuts the GOP asked for as a show that he - Obama - was truly serious about lowering the national debt...Obama refused. Badda-Boom, Badda-Bing - here's YOUR US Credit Rating Downgrade.

The republicans refused to do anything as we approached one of our many fiscal cliffs - mainly due to the influence of Grover Norquist and the pledge that most of our republican congressmen had made to him. That was the reason for the default and the credit rating downgrade.

Wow...another We don't have a spending problem, we have a paying for problem stupid fucktard liberal....

 

[JoeNormal]

There was no GOP Default.

Barry claimed Bush adding $4 Trillion in 8 (EIGHT) years was Un-Patriotic...and then proceeded to add nearly $7 Trillion in only 4 years. His 1st economic bill was the failed nearly $1 Trillion Stimulus bill that was foiled with over 7,000 pieces of DNC-Only PORK.

S&P was alarmed by the massive increase in DNC Debt Growth (Begun at the start of bush's last 2 years in office when the DNC took a near super-majority control of both the House and Senate - which means THEY took control of the budget, spending, & the economy)!

So the S&P went to the President and urged him to accept MORE of the spending cuts the GOP asked for as a show that he - Obama - was truly serious about lowering the national debt...Obama refused. Badda-Boom, Badda-Bing - here's YOUR US Credit Rating Downgrade.

The republicans refused to do anything as we approached one of our many fiscal cliffs - mainly due to the influence of Grover Norquist and the pledge that most of our republican congressmen had made to him. That was the reason for the default and the credit rating downgrade.

Wow...another We don't have a spending problem, we have a paying for problem stupid fucktard liberal....

Oh good. Another 'if Barry's economy didn't suck so bad I might actually have a job' conservatard.

 

[Synthaholic]

Barry's US Credit rating Down-Grade

The House controls all spending. End of story. But nice try!