If S&P Downgrades America's Credit Rating, Which Political Party Will Americans Blame

[Neotrotsky]

Translation of Leftist thinking:

It really sucks when the political leader at the time
gets all the blame and guy is ours

 

[MaggieMae]

I won't go into the long history. Just recent history.

Conservatives were warned. But did they listen? Do they ever listen?

No, THEY knew best. They just HAD to take the whole debt ceiling vote right to the brink, didn't they?

If this credit downgrade happens, It will be interesting to see how both the public and the GOP reacts to the news.

Govt officials: US expecting S&P downgrade

A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value.

Official reasons given, he official says, will be the political confusion surrounding the process of raising the debt ceiling, and lack of confidence that the political system will be able to agree to more deficit reduction. A source says Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited.

The official was unsure if the bond rating would be AA+ or AA.

Another government official confirms the Obama administration is preparing for the downgrade but is not 100% positive it’s going to happen, and if it does happen officials are not sure when it will happen.


http://blogs.abcnews.com/politicalpunch/2011/08/govt-official-us-expecting-sp-downgrade.html

Considering that fact that the Democrats have been in majority control of government since 2007 its a tad rediculous for anyone to blame Republicans, much less the Tea Party which is all about fiscal responsibility and has been fighting for drastic cuts in spending and reducing the debt.

We are at this point because our government only knew how to spend and spend, both Democrats and the old guard Republicans. No one has had the balls to address the real issue and that is entitlements. Both parties are scared shitless to make the necessary cuts in social security and medicare, because seniors will vote against them, and both parties want to win over that electorate in every election.

Other than the stimulus (half of which actually gave huge tax breaks to small businesses), and the health care reform bill (which doesn't even begin costing anything until 2014), exactly what other major spending bills have the Democrats been responsible for since 2007?

 

[Neotrotsky]

Probably the Left not passing a budget did not help

 

[MaggieMae]

Well based of the article id say the tea party since they didnt want.to raise any taxes. Fucktards.
The american people would be smart to shun the teaparty.

That's what government officials claimed, not S&P.

Of course they are going to blame Republicans. What don't they blame Republicans for?

Aww... yeah, they're totally blameless.

The irony with ALL of this budget/deficit mess is that if the Republicans got everything they wanted by way of cuts, they haven't even stopped to realize that they would be responsible for putting even more people on the government dole. But pubs/cons never think of long-term effects of ANYTHING. It's only what looks good, sounds good, feels good, now, and they bank on the overall ignorance of the American people to believe that they have a "plan," when in fact, they never do.

 

[MaggieMae]

Translation of Leftist thinking:

It really sucks when the political leader at the time
gets all the blame and guy is ours

Hey, we always told you what goes around comes around! Still support Bush/Cheney do ya?

 

[Neotrotsky]

Sure do

I even thinking Hillary would have been better than this guy

 

[AmericanFirst]

I won't go into the long history. Just recent history.

Conservatives were warned. But did they listen? Do they ever listen?

No, THEY knew best. They just HAD to take the whole debt ceiling vote right to the brink, didn't they?

If this credit downgrade happens, It will be interesting to see how both the public and the GOP reacts to the news.

Govt officials: US expecting S&P downgrade

A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value.

Official reasons given, he official says, will be the political confusion surrounding the process of raising the debt ceiling, and lack of confidence that the political system will be able to agree to more deficit reduction. A source says Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited.

The official was unsure if the bond rating would be AA+ or AA.

Another government official confirms the Obama administration is preparing for the downgrade but is not 100% positive it’s going to happen, and if it does happen officials are not sure when it will happen.


http://blogs.abcnews.com/politicalpunch/2011/08/govt-official-us-expecting-sp-downgrade.html

Dimwits. They have been up there saying they were going to fix it and all they did was make it a lot worse. Idiots!

 

[AmericanFirst]

I won't go into the long history. Just recent history.

Conservatives were warned. But did they listen? Do they ever listen?

No, THEY knew best. They just HAD to take the whole debt ceiling vote right to the brink, didn't they?

If this credit downgrade happens, It will be interesting to see how both the public and the GOP reacts to the news.

Govt officials: US expecting S&P downgrade

A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value.

Official reasons given, he official says, will be the political confusion surrounding the process of raising the debt ceiling, and lack of confidence that the political system will be able to agree to more deficit reduction. A source says Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited.

The official was unsure if the bond rating would be AA+ or AA.

Another government official confirms the Obama administration is preparing for the downgrade but is not 100% positive it’s going to happen, and if it does happen officials are not sure when it will happen.


http://blogs.abcnews.com/politicalpunch/2011/08/govt-official-us-expecting-sp-downgrade.html

Poll results will be skewed by the board population being predominantly neocon.

The intelligent ones are in the majority.

 

[AmericanFirst]

Well based of the article id say the tea party since they didnt want.to raise any taxes. Fucktards.
The american people would be smart to shun the teaparty.

The American people would be smarter to shun the dimwits.

 

[Mustang]

I won't go into the long history. Just recent history.

Conservatives were warned. But did they listen? Do they ever listen?

No, THEY knew best. They just HAD to take the whole debt ceiling vote right to the brink, didn't they?

If this credit downgrade happens, It will be interesting to see how both the public and the GOP reacts to the news.

Poll results will be skewed by the board population being predominantly neocon.

The intelligent ones are in the majority.

You think so, huh?

I certainly wouldn't expect the conservatives who engaged in the brinksmanship that brought the simple debt ceiling right down to the nail-biting wire to EVER admit that they screwed the pooch even if their leadership blames them in private meetings.

I also wouldn't expect partisans to admit it considering how the Republican era of personal responsibility has been shown to be as hollow as George W. Bush's claim to be a compassionate conservative.

That's why I did NOT ask respondents to offer their personal opinion. That's because it would like asking dittoheads if they thought Rush should be prosecuted for doctor shopping.

Consequently, I asked what political party Americans as a whole would blame.

 

[KissMy]

Why isnt both an option? It should be the only one.

Because you can't vote for or against both candidates in an election. You must always choose the lesser of 2 evils.

 

[saveliberty]

Well based of the article id say the tea party since they didnt want.to raise any taxes. Fucktards.
The american people would be smart to shun the teaparty.

The Tea party stresses a balanced budget and reduced spending. Both are firmly supported by Standard and Poors, Moody and Finch. Whine all you want, but facts are facts.

 

[J.E.D]

Well based of the article id say the tea party since they didnt want.to raise any taxes. Fucktards.
The american people would be smart to shun the teaparty.

The Tea party stresses a balanced budget and reduced spending. Both are firmly supported by Standard and Poors, Moody and Finch. Whine all you want, but facts are facts.

It's a fact that S&P downgraded the US credit rating primarily because of the uncertainty that the debt ceiling fight put in the minds of financial institutions. They don't have confidence in the US political system to work together and solve problems. And who fueled the fight? Who brought us to the brink because they decided that instead of governing they would rather throw a fit and demand everything be on their terms? That's right. The Tea Party and their hijack victims, the GOP.

It's also a fact that S&P believes the Bush tax cuts for the nation's top earners should expire as part of a balanced approach, like the Simpson/Bowles commission.

Whine all you like, but those are the facts straight from the mouth of S&P.

CNN.com - Transcripts

COOPER: Why did S&P downgrade the United States' credit rating today?

JOHN CHAMBERS, HEAD OF SOVEREIGN RATINGS, STANDARD & POOR'S: Well, I think there were two reasons.

The first reason is the one that you have outlined, being our view of the political settings in the United States have been altered. We have taken them down a notch, the rating down a notch. The political brinkmanship we saw over raising the debt ceiling was something that was really beyond our expectations, the U.S. government getting to the last day before they had cash management problems.

COOPER: So it's interesting. You're saying without a doubt, the recent debate, the recent roadblocks in Congress, the tenor, the timing, the tone of the debate had a major impact on this.

CHAMBERS: Yes.

COOPER: What could the United States have done to have avoided this?

CHAMBERS: Well, I think it could have done a few things. The first thing it could have done is to have raised the debt ceiling in a timely matter, so that much of this debate had been avoided to begin with, as it had done 60 or 70 times since 1960 without much debate.

So that's point number one. And point number two is it could have come up with a fiscal plan similar, for example, to the Bowles- Simpson commission, which was bipartisan. Although it did not have a supermajority vote, it did have a majority vote and came up with a number of sensible recommendations.

CHAMBERS: Well, it's going to take a lot to get back to AAA, because once you lose your AAA, it doesn't usually bounce back in that way.

But I think a key debate will be coming up regarding the extension of the 2001 and 2003 tax cuts, because if you did let them lapse for the high-income earners, that could give you another $950 billion. I think the question there is, A., would that be on top of we have already achieved with the $2.1 trillion, or would that -- if it was agreeable, which is a big if, you could envision that being counted toward the $1.5 trillion that the congressional committee is looking to achieve.

 

[Neotrotsky]

you left out from the actual report

Standard & Poor's takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.'s finances on a sustainable footing.
​

no need to thank me

 

[J.E.D]

you left out from the actual report

Standard & Poor's takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.'s finances on a sustainable footing.
​

no need to thank me

So? That doesn't mean shit. Read the quotes from my previous post. JOHN CHAMBERS, HEAD OF SOVEREIGN RATINGS at S&P specifically said that tax hikes should be on the table as part of a balanced approach. That is a fact.

 

[Neotrotsky]

Sure it doesn't

But hey
it is your story and you can tell it any way you want

 

[peach174]

S&P stated very clearly that congress had to cut at least 4 trillion from the budget.
But they only did 2 trillion.
So the next day S&P downgraded us to a AA.
Canada did the same thing,would not do the amount of cuts needed and it took them 3 years to get their rating back after they did do the cuts needed.

 

[J.E.D]

Sure it doesn't

But hey
it is your story and you can tell it any way you want

It's not my story. I simply posted quotes from S&P giving their reasons for the downgrade and their opinion on how to get our fiscal house in order. You seem to be living in denial and basing your entire opinion on one line from an S&P report. If you can let go of that one line and listen to what S&P actually said, you'd clearly see that they believe tax hikes should be part of the solution along with cuts. Just like the Simpson/Bowles commission. Just like most Americans agree. Tax hikes on the top earners should be part of a balanced approach. But, hey, don't let those pesky facts get in the way of your delusion.

 

[J.E.D]

S&P stated very clearly that congress had to cut at least 4 trillion from the budget.
But they only did 2 trillion.
So the next day S&P downgraded us to a AA.
Canada did the same thing,would not do the amount of cuts needed and it took them 3 years to get their rating back after they did do the cuts needed.

But S&P also said that tax hikes should be part of a balanced approach and that the main reason they downgrraded the US was over the political fiasco that surrounded the debt ceiling debate. They don't have confidence that congress can get its act together.

 

[Neotrotsky]

The fact remains

S&P in their published report clearly states no bias for or against tax hikes or spending cuts

Again
"Standard & Poor's takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.'s finances on a sustainable footing."


Truth is hard for the Left
In fact, it is their worst enemy