Egan-Jones downgrades US credit rating. IT IS NOT ABOUT THE DEBT LIMIT!!!!!!!

[The Rabbi]

Oh he held positions,but held them so loosely it didnt take much for him to bend over.

Im trying to change the subject? **** you. You stupid ignorant ***** are the ******* problem and are holding the worlds economy hostage because you lost in 08 to a ******* democrat. Thats it, you ******* lost and are willing to do anything to get back in power.

World Markets Relieved By US Debt Deal : NPR

No oil has risen because of demand, but stall a little due to Asia's calming growth atm.
NYMEX-Crude jumps after U.S. debt-limit deal | Reuters

You fucktard.

No you raise it and then you can deal with how to cut spending and balance the budget. You dont **** with something this complex because your simple mind says, No we need to fix this now so **** it.

Lol change the subject, ou just cant handle the fact you are on the wrong side of this debate and want to destroy this nation and world economy over hating a Democrat

So Obama held ******* positions but he didnt ******* hold them strongly enough so he caved in to ******* partisans in his own party?
And we need to raise the ******* debt ceiling because if we dont we are all fucked. Why? Because you ******* say so because you have in's with the ******* Chinese and ******* fuckBush Saudis.
You ******* have no ******* credibility here because you ******* can't write a ******* sentence much less argue a ******* point.
So **** you, ******* ******.

he caved to everyone because he wanted to make everyone happy, and he shouldnt have. He should have told the Dems to get in line and pass ******* reforms and bills that did shit.
I say so? You a ******* moron? read the ******* link and educate yourself on the fact that the rest of the world has been watching this very closely due to the trouble we all would be in if we dont/didnt pass a debt cailing raise. I dont have "in's", i have links showing how they are worried. You have....nothing.
No i have no credibility with you, and that doesnt matter, because you refuse to educate yourself. You have nothing but circle logic. This is why people like you should never, ever hold a government seat.

HEshould have done lots of stuff. But he didnt. He let Nancy Pelosi and Harry Reid run his agenda. BUt he is responsible because he is the POTUS.
Reading a bunch of opinion pieces is about as meaningful as reading your posts. IOW, not at all.
You are among the most ill educated buffoons on this site.

 

[Big Fitz]

It's ABOUT DEBT TO GDP!

Egan-Jones Downgrades US From AAA To AA+ | ZeroHedge

Real GDP increased at an annualized rate of 4.0% in Q1 2011, following an increase of 3.5% rise in the prior quarter. Personal consumption expenditures, exports, and nonresidential fixed investment contributed positively to growth during the quarter. Meanwhile, imports rose sharply. In the March 2011 quarter, trade in goods and services resulted in a deficit of $562B, many because of the high price of petroleum. However, the major factor driving credit quality is the relatively high level of debt and the difficulty in significantly cutting spending. We are taking a negative action not based on the delay in raising the debt ceiling but rather our concern about the high level of debt to GDP in excess of 100% compared to Canada's 35%. Nonetheless, since the US's debt is denominated in dollars, a hard default is unlikely.

The debt ceiling is a red herring! It is the SPENDING that is the problem! HOLY **** come on people!!!!!!!!

So the slide begins.

 

[KissMy]

The government is working on rules & regulations for the rating agencies. This is why the ratings agencies will not downgrade the government's credit rating. They are using the rating as leverage for favorable rules & regulations.