So the same Conservatives who wanted us to default...

[NoNukes]

Obama wanted a default, remember? He kept saying there would be one when there was no chance of it happening. Sorry to have to remind you of reality. Too bad republicans caved to the dems and we got this piece of shit legislation that did nothing to help the debt situation. But at least the debt ceiling got raised. yay

Boner got 98% of what he wanted, It was about making the Republicans happy.

Hmmm wanted 4 trillion got less then a trillion.

YOUR MATH SUCKS.

Just sayin............

That was Bohner's quote, not mine. Just sayin........

 

[Trajan]

We can only hope that the downgrade will act as a wakeup call to the TPM and conservatives to abandon their inane and untenable position with regard to tax increases, act responsibly for once, and negotiate in good faith with democrats to enact real debt reduction and overall responsible governance.

so what happened to the clean bill demand?


yes, cowboy poetry; the last refuge of the honorable and earnest.

 

[Full-Auto]

From Bloomberg (a place that knows about economics)........



U.S. Loses AAA Credit Rating as S&P Slams Debt - Bloomberg

Apparently, the largest reason for the downgrade is the teabagger's refusal to consider revenue increases.

That was already debunked several times.

But thanks for the DNC parroted line.

Need a cracker?

I kinda think that the people at Bloomberg (people who actually study the economy) know more about this than you do. And.......fwiw.........Bloomberg isn't the only place that has said that.

Got any links to prove the debunking, or are you just talking out your ass as usual?

Yes, I know you wish to be spoon fed by the establishment.

But the Statement from S@P carries more weight.

 

[Trajan]

From Bloomberg (a place that knows about economics)........



U.S. Loses AAA Credit Rating as S&P Slams Debt - Bloomberg

Apparently, the largest reason for the downgrade is the teabagger's refusal to consider revenue increases.

That was already debunked several times.

But thanks for the DNC parroted line.

Need a cracker?

I kinda think that the people at Bloomberg (people who actually study the economy) know more about this than you do. And.......fwiw.........Bloomberg isn't the only place that has said that.

Got any links to prove the debunking, or are you just talking out your ass as usual?

TIME is recognized as a , well, not a right wing parrot?

*shrugs*

snip-

But, to be sure, a large part of the current downgrade is political. And those aren't going away anytime soon either. The fracturing of our political system has led to the rise of political parties that are unwilling to compromise on our biggest challenges. It is clear that the rise of the Tea Party and the pledge of Republicans in general to never raise taxes, along with the Democrats unwillingness to cut Social Security, produced the downgrade. In its decision to downgrade the U.S. debt, the S&P specifically cited the lack of tax increases and cuts to entitlement programs in the debt ceiling deal as the reason they were lowering the U.S.'s rating. Worse, S&P said the U.S. is likely to face a further ratings downgrade if the government continues to extend the Bush tax cuts for the wealthiest Americas.

snip-
Read more: What the S&P U.S. Credit Rating Downgrade Means - The Curious Capitalist - TIME.com

the bush cuts will expire dec 31 2012 at midnight, so there ya go.

so what will the entitlement reductions be? don't hold your breath .......

 

[Oldstyle]

are now acting as if the credit downgrade is a disaster,

and it's Obama's fault?

Seriously? Did they really think default would not also lead to a credit downgrade??

Didn't they think that default would be no big deal? That we'd just pay the interest and everything would be fine??

CriticalThinking.org - Defining Critical Thinking

Michele Bachmann voted against raising the debt and definitely did want to default;

now she's ranting about how the president is to blame for this horrible downgrade.

She WANTED a downgrade, and more. As did any and all conservatives who were willing to default.

You guys really are clueless. Bachmann voted against the debt ceiling deal because it didn't include enough cuts to spending. We got downgraded because they felt our government didn't have the resolve to cut enough spending to fix the run away deficit. So how do you get that Bachmann WANTED a default? Take your head out of your ass and stop listening to MSNBC.

 

[geauxtohell]

CriticalThinking.org - Defining Critical Thinking

Michele Bachmann voted against raising the debt and definitely did want to default;

now she's ranting about how the president is to blame for this horrible downgrade.

She WANTED a downgrade, and more. As did any and all conservatives who were willing to default.

You guys really are clueless. Bachmann voted against the debt ceiling deal because it didn't include enough cuts to spending. We got downgraded because they felt our government didn't have the resolve to cut enough spending to fix the run away deficit. So how do you get that Bachmann WANTED a default? Take your head out of your ass and stop listening to MSNBC.

Voting against the compromise was a vote for default or at least a certain vote for downgrade.

Bachmann knew that she was safe in her no vote. She knew the compromise would pass and that she could sit back and toss stones at the aftermath.

It's a fallacy to think that she ha any workable alternative.

 

[eflatminor]

are now acting as if the credit downgrade is a disaster,

and it's Obama's fault?

Seriously? Did they really think default would not also lead to a credit downgrade??

Didn't they think that default would be no big deal? That we'd just pay the interest and everything would be fine??

By making the debt payments, we would NOT default. Why do you keep using that term?

 

[Oldstyle]

Michele Bachmann voted against raising the debt and definitely did want to default;

now she's ranting about how the president is to blame for this horrible downgrade.

She WANTED a downgrade, and more. As did any and all conservatives who were willing to default.

You guys really are clueless. Bachmann voted against the debt ceiling deal because it didn't include enough cuts to spending. We got downgraded because they felt our government didn't have the resolve to cut enough spending to fix the run away deficit. So how do you get that Bachmann WANTED a default? Take your head out of your ass and stop listening to MSNBC.

Voting against the compromise was a vote for default or at least a certain vote for downgrade.

Bachmann knew that she was safe in her no vote. She knew the compromise would pass and that she could sit back and toss stones at the aftermath.

It's a fallacy to think that she ha any workable alternative.

Are you kidding me? The people who refused to vote for the "compromise" because it didn't cut enough from Federal spending did so because they knew it didn't address the problem of our deficit. So how do you translate that into "wanting" a default?

The bond rating services warned us that we needed to make 4 trillion in cuts to maintain our AAA rating but we cut less than 2. THAT is what caused the downgrade.

 

[geauxtohell]

You guys really are clueless. Bachmann voted against the debt ceiling deal because it didn't include enough cuts to spending. We got downgraded because they felt our government didn't have the resolve to cut enough spending to fix the run away deficit. So how do you get that Bachmann WANTED a default? Take your head out of your ass and stop listening to MSNBC.

Voting against the compromise was a vote for default or at least a certain vote for downgrade.

Bachmann knew that she was safe in her no vote. She knew the compromise would pass and that she could sit back and toss stones at the aftermath.

It's a fallacy to think that she ha any workable alternative.

Are you kidding me? The people who refused to vote for the "compromise" because it didn't cut enough from Federal spending did so because they knew it didn't address the problem of our deficit. So how do you translate that into "wanting" a default?

The bond rating services warned us that we needed to make 4 trillion in cuts to maintain our AAA rating but we cut less than 2. THAT is what caused the downgrade.

I never said they "wanted" a default as in they had nefarious intent. I said that not voting to raise the debt ceiling was a vote for default.

There were numerous issues that led to the downgrade. to include political bickering. It's disingenuous to act as if the issue was simply a matter of not cutting enough (though that was also part of it).

Either way, as the compromise was an 11th hour attempt at preventing default and downgrade, voting against it was a vote for an economic hit.

Bachmann knew that. She just made a political vote that enabled her to sit back and say "I told you so". As if she had a workable alternative that had a snowball's chance in hell of passing.

Even other Teapartiers, like Alan West, came to the senses on the issue and realized that they had to compromise.

It's absurd. Bachmann is still a backbencher in the house. She's an irrelevant minority that acts out of pure political self interest. She always has.

Though, considering her blank check vote for the Bush administration's imperial foreign policy, I am glad she found her fiscal responsibility.

 

[kaz]

are now acting as if the credit downgrade is a disaster,

and it's Obama's fault?

Seriously? Did they really think default would not also lead to a credit downgrade??

Didn't they think that default would be no big deal? That we'd just pay the interest and everything would be fine??

By making the debt payments, we would NOT default. Why do you keep using that term?

Political expediency

 

[Oldstyle]

Voting against the compromise was a vote for default or at least a certain vote for downgrade.

Bachmann knew that she was safe in her no vote. She knew the compromise would pass and that she could sit back and toss stones at the aftermath.

It's a fallacy to think that she ha any workable alternative.

Are you kidding me? The people who refused to vote for the "compromise" because it didn't cut enough from Federal spending did so because they knew it didn't address the problem of our deficit. So how do you translate that into "wanting" a default?

The bond rating services warned us that we needed to make 4 trillion in cuts to maintain our AAA rating but we cut less than 2. THAT is what caused the downgrade.

I never said they "wanted" a default as in they had nefarious intent. I said that not voting to raise the debt ceiling was a vote for default.

There were numerous issues that led to the downgrade. to include political bickering. It's disingenuous to act as if the issue was simply a matter of not cutting enough (though that was also part of it).

Either way, as the compromise was an 11th hour attempt at preventing default and downgrade, voting against it was a vote for an economic hit.

Bachmann knew that. She just made a political vote that enabled her to sit back and say "I told you so". As if she had a workable alternative that had a snowball's chance in hell of passing.

Even other Teapartiers, like Alan West, came to the senses on the issue and realized that they had to compromise.

It's absurd. Bachmann is still a backbencher in the house. She's an irrelevant minority that acts out of pure political self interest. She always has.

Though, considering her blank check vote for the Bush administration's imperial foreign policy, I am glad she found her fiscal responsibility.

Bachmann calls for deeper cuts and votes against the compromise.

Standard & Poors tells us they're looking for 4 trillion in cuts or our bond rating will be in danger of being downgraded and when we cut less than 2 trillion they do downgrade us.

So explain to me why Bachmann calling for deeper cuts was "political"? If you follow that logic then S & P's downgrade must be "political" as well. The truth is that Bachmann's resistance to the compromise and S&P's downgrade are both based on the same glaringly obvious fact...we are spending way too much money and need to fix our government.

 

[kaz]

So explain to me why Bachmann calling for deeper cuts was "political"? If you follow that logic then S & P's downgrade must be "political" as well. The truth is that Bachmann's resistance to the compromise and S&P's downgrade are both based on the same glaringly obvious fact...we are spending way too much money and need to fix our government.

It's not that complicated, is it oldstyle? Hmm...she's trying to address the actual issue, that's clearly politically motivated...

 

[Oldstyle]

So explain to me why Bachmann calling for deeper cuts was "political"? If you follow that logic then S & P's downgrade must be "political" as well. The truth is that Bachmann's resistance to the compromise and S&P's downgrade are both based on the same glaringly obvious fact...we are spending way too much money and need to fix our government.

It's not that complicated, is it oldstyle? Hmm...she's trying to address the actual issue, that's clearly politically motivated...

The whole driving force behind the Tea Party is that they believed the growth of Big Government was out of control and needed to be reined in before the resulting deficits lead to insolvency.

Now I guess you could call such a stance "politically motivated" if you wanted to but isn't it also motivated by what's good for the country? The downgrade by S&P should be a wake up call for anyone who mistakenly thinks that we can continue on the way we are now. From what I gather such a downgrade translates into our having to pay an additional 100 billion in interest each year on our existing dept.

So how about we cut the size of the Federal Government? We all know it's bloated and filled with waste. Why doesn't someone force them to change? Cut the whole damned Federal budget 10% across the board. Is there anyone here who doesn't think there's 10% waste in the way Washington does business? Really?

 

[kaz]

So explain to me why Bachmann calling for deeper cuts was "political"? If you follow that logic then S & P's downgrade must be "political" as well. The truth is that Bachmann's resistance to the compromise and S&P's downgrade are both based on the same glaringly obvious fact...we are spending way too much money and need to fix our government.

It's not that complicated, is it oldstyle? Hmm...she's trying to address the actual issue, that's clearly politically motivated...

The whole driving force behind the Tea Party is that they believed the growth of Big Government was out of control and needed to be reined in before the resulting deficits lead to insolvency.

Now I guess you could call such a stance "politically motivated" if you wanted to but isn't it also motivated by what's good for the country? The downgrade by S&P should be a wake up call for anyone who mistakenly thinks that we can continue on the way we are now. From what I gather such a downgrade translates into our having to pay an additional 100 billion in interest each year on our existing dept.

So how about we cut the size of the Federal Government? We all know it's bloated and filled with waste. Why doesn't someone force them to change? Cut the whole damned Federal budget 10% across the board. Is there anyone here who doesn't think there's 10% waste in the way Washington does business? Really?

To the left when fiscal conservatives want fiscal conservatism that's "policial" while their advocating socialism isn't. They can't argue their views with logic, so they label. Then they whine when anyone labels what they are actually doing for what it is. How they have to argue shows how illogical their views are.

 

[NYcarbineer]

If Obama had gotten what he wanted, we still would have been downgraded.

So, he - Obama - poisoned our rating.

That's false because Obama put a 4 trillion dollar deal on the table that Boehner walked away from because it had tax increases in it.

And, that deal would have made zero difference in what our rating is today.

As I said, not rocket science.

S & P said it wanted to see a 4 trillion dollar deal.

 

[JimH52]

It is going to take cuts along with tax increases for the country to again see the AAA rating from S&P. Will the tea baggers and gop allow that? I doubt it.

 

[Zander]

Did the Senate pass any debt ceiling legislation during the "crisis" ??

 

[uscitizen]

So you just ignore what the very people who downgraded us said about WHY they did it?

S & P downgraded the U.S. credit rating because NOT ENOUGH BUDGET CUTS WERE MADE. It's as simple as that.

S & P told the knuckleheads in D.C. that a MINIMUM of $4 trillion in cuts needed to be made to maintain the AAA rating.

Go ahead and blame it on the Republicans. They tried to cut the budget more, but the Obamanistas wouldn't do it.

The partisan politics on display in this forum are EXACTLY why this country is going to hell.

Keep playing these games, and this country will be GONE in short order.

Obamanistas? umm the house is republican controlled.

 

[Soggy in NOLA]

CriticalThinking.org - Defining Critical Thinking

Michele Bachmann voted against raising the debt and definitely did want to default;

now she's ranting about how the president is to blame for this horrible downgrade.

She WANTED a downgrade, and more. As did any and all conservatives who were willing to default.

You guys really are clueless. Bachmann voted against the debt ceiling deal because it didn't include enough cuts to spending. We got downgraded because they felt our government didn't have the resolve to cut enough spending to fix the run away deficit. So how do you get that Bachmann WANTED a default? Take your head out of your ass and stop listening to MSNBC.

Not to mention, we never were going to default. That was just a ploy by the tax and spend liberals to get their way and spend more money and plunge us further into debt.

Anfd the final irony? That which they said would happen if they didn't get their way.... just happened.

 

[geauxtohell]

Are you kidding me? The people who refused to vote for the "compromise" because it didn't cut enough from Federal spending did so because they knew it didn't address the problem of our deficit. So how do you translate that into "wanting" a default?

The bond rating services warned us that we needed to make 4 trillion in cuts to maintain our AAA rating but we cut less than 2. THAT is what caused the downgrade.

I never said they "wanted" a default as in they had nefarious intent. I said that not voting to raise the debt ceiling was a vote for default.

There were numerous issues that led to the downgrade. to include political bickering. It's disingenuous to act as if the issue was simply a matter of not cutting enough (though that was also part of it).

Either way, as the compromise was an 11th hour attempt at preventing default and downgrade, voting against it was a vote for an economic hit.

Bachmann knew that. She just made a political vote that enabled her to sit back and say "I told you so". As if she had a workable alternative that had a snowball's chance in hell of passing.

Even other Teapartiers, like Alan West, came to the senses on the issue and realized that they had to compromise.

It's absurd. Bachmann is still a backbencher in the house. She's an irrelevant minority that acts out of pure political self interest. She always has.

Though, considering her blank check vote for the Bush administration's imperial foreign policy, I am glad she found her fiscal responsibility.

Bachmann calls for deeper cuts and votes against the compromise.

Standard & Poors tells us they're looking for 4 trillion in cuts or our bond rating will be in danger of being downgraded and when we cut less than 2 trillion they do downgrade us.

So explain to me why Bachmann calling for deeper cuts was "political"? If you follow that logic then S & P's downgrade must be "political" as well. The truth is that Bachmann's resistance to the compromise and S&P's downgrade are both based on the same glaringly obvious fact...we are spending way too much money and need to fix our government.

Bachmann voted against her party because she had that luxury. She knew it wouldn't change the outcome, so she got ot make a purely political vote. "Deeper cuts" was a non-starter just as was "repealing the Bush tax breaks".

She staked her position on being an obstructionist simply because it was politically expedient.

BTW, S&P cited five reasons for the downgrade. Chief among them was the political atmosphere in Washington. They also cited that the Bush era tax credits weren't repealed. Saying this came about simply because we didn't cut enough is simply wrong.