Or the fact that we have gone almost 900 days without the dems proposing a federal spending budget.......that was a HUGE factor in S&P's decision to downgrade us.
Why didn't the original post mention this fact too? Its almost like it was a partisan opening post
Or the fact that we have gone almost 900 days without the dems proposing a federal spending budget.......that was a HUGE factor in S&P's decision to downgrade us.
Why didn't the original post mention this fact too? Its almost like it was a partisan opening post
Funny, I didn't see that in the S&P report.
Or the fact that we have gone almost 900 days without the dems proposing a federal spending budget.......that was a HUGE factor in S&P's decision to downgrade us.
Why didn't the original post mention this fact too? Its almost like it was a partisan opening post
Funny, I didn't see that in the S&P report.
I don't hold the S&P accountable for disclosing all the stupid found in Congress. I mean, they had to get the report out within a reasonable timeframe.
why didn't Fitch ( who has just re-affirmed our AAA Bond rating btw Fitch affirms U.S. at AAA, outlook stable - Yahoo! News)
and Moddys downgrade us?
LOL. Did you take the time to actually read my post, Trajan? I only ask because I noted that Fitch just reaffirmed our AAA rating and also provided a link about it (maybe even the same link).
my bad, I blew right by it, apologies.
presto chango, exactly.
this is exactly why I give them short shrift, and using them as an example to pivot off is *shrugs*
you said-
Well that is your opinion, balanced against everyones parties of all stripes jockeying for position what high ground is there to be had?
We just agreed (?) that S%&P really isnt the go to on the topic or issue, the TP was IMHO ready to watch the debt ceiling date go by BUT the hostage (using the medias vernacular ) they would not shoot was DEFAULT, where the real danger lie(lay lied laid whatever) , as the 2 out of 3 didn't lower the rating how do you know the downgrades or actions of Fitch Moodys would have been worse?
Taking S&P at their word they would have dropped us to an D ..fine BUT, looking below at your verbiage, you do believe that there was a difference in outlook, so if we had gone past the debt ceiling drop dead date but NOT defaulted, you are sure that fitch and moodys would have downgraded us?
My like has zip to do with it.
Answering the above and below together, you are making an argument in mitigation.
The house being rigid or not have little effect on what his duties or choices are, what he can or cannot do, he himself said he had a plan yet despite requests to see it, no one has. I am aware he doesnt hold the purse strings, BUT just as he is REQUIRED to submit a plan to scoring which then goes to the house every year for the budget process in Feb. and as every other pres. at one time or another has, he is always able to submit a plan to the house or senate for consideration. Rigidity and machinations, you are aware that Reid filibustered his own bill? And more club for growth old reps ( see country club) voted against the bill than the TP did?
If the deck was stacked in the GOPs favor and he was the mature one taking a deal because he just could not risk the countries rating, why then did Clinton come out smelling like a rose? A- Because, Clinton is a politician.
Anyway maturity was a word you used, I piggybacked on, when apparently to me at least the better word is competence as in lack there of.
my bad, I blew right by it, apologies.
presto chango, exactly.
this is exactly why I give them short shrift, and using them as an example to pivot off is *shrugs*
you said-
Well that is your opinion, balanced against everyone’s parties of all stripes jockeying for position what ‘high ground ‘ is there to be had?
We just agreed (?) that S%&P really isn’t the go to on the topic or issue, the TP was IMHO ready to watch the debt ceiling date go by BUT the hostage (using the medias vernacular ) they would not shoot was DEFAULT, where the real danger lie(lay lied laid whatever) , as the 2 out of 3 didn't lower the rating how do you know the downgrades or actions of Fitch Moodys would have been worse?
Taking S&P at their word they would have dropped us to an D…..fine BUT, looking below at your verbiage, you do believe that there was a difference in outlook, so if we had gone past the debt ceiling drop dead date but NOT defaulted, you are sure that fitch and moodys would have downgraded us?
My like has zip to do with it.
Answering the above and below together, you are making an argument in mitigation.
The house being rigid or not have little effect on what his duties or choices are, what he can or cannot do, he himself said he had a plan yet despite requests to see it, no one has. I am aware he doesn’t hold the purse strings, BUT just as he is REQUIRED to submit a plan to scoring which then goes to the house every year for the budget process in Feb. and as every other pres. at one time or another has, he is always able to submit a plan to the house or senate for consideration. Rigidity and machinations, you are aware that Reid filibustered his own bill? And more club for growth ‘old reps’ ( see country club) voted against the bill than the TP did?
If the deck was stacked in the GOP’s favor and he was the mature one taking a deal because he just could not risk the countries rating, why then did Clinton come out smelling like a rose? A- Because, Clinton is a politician.
Anyway maturity was a word you used, I piggybacked on, when apparently to me at least the better word is ‘competence’ as in lack there of.
That was a long post. I am going to do my best to address it. If I miss something crucial, just hit me with it again.
1.) I agree that the S&P report is bumpkis. I think it was a lot of shenanigans. I hope they lose respect over the matter. However, that doesn't mean we can simply dismiss it. The damage has been done. And it was totally un-necessary.
2.) I agree the DEMs screwed up by not getting budget deal in place when they had power. You'll never hear me praising the leadership ability of Pelosi and Reid. I think they suck as leaders, frankly. I think they are good at what they do for their districts, but they should have never been given the reigns. That is neither here nor there now.
3.) I speculate that Fitch and Moody would have downgraded us. I think Fitch would have, as they gave us a second look after the S&P report (they initially had reaffirmed our AAA report). One thing is for certain, this "crisis" was a completely self inflicted wound. There was no reason why the debt ceiling couldn't have been raised and the deficit v. revenue debate settled another day. The debt ceiling was used as leverage and it pushed us into a shitty position. Stupid.
4.) I agree Obama got outmaneuvered. He was somewhat screwed as he was not willing to risk our debt rating and the other side knew it. As it stands, we still got hit at least once. I do give him credit for trying to keep everything in check and taking it in the ass on that compromise. In the end, it came down to the wire. He could have refused to sign that bill and then he still would have been blamed. That's the way it goes when you are the president.
5.) I have no idea what Clinton has to do with any of this.
