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Republicans cause credit downgrade

 
NaturalGirl
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08/06/2011 09:00 PM
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Republicans cause credit downgrade
S & P wanted to see more new revenue (this means closing tax loopholes and higher taxes for the rich) and the republicans blocked this.
_________________________________________________________

S&P now rates the United States at AA+. The rating agency didn't beat around the bush when describing why it made the cuts:

The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

[link to www.dailyfinance.com]
Survival Supply Industries

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08/06/2011 09:02 PM
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Re: Republicans cause credit downgrade
so i'll bet you're really guy posing as a DFC to drum up support of Obie....

it's not going too well, is it?

npoby
"Man has evolved barely an inch from the very slime that spawned him."

"It is better to have a gun and not need it than to need a gun and not have one."


[link to survivalsupplyindustries.com]
Numba

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08/06/2011 09:02 PM
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Re: Republicans cause credit downgrade
It time for change.
Change of hilly Billy repub mentality.
Anonymous Coward
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08/06/2011 09:05 PM
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Re: Republicans cause credit downgrade
S & P wanted to see more new revenue (this means closing tax loopholes and higher taxes for the rich) and the republicans blocked this.
_________________________________________________________

S&P now rates the United States at AA+. The rating agency didn't beat around the bush when describing why it made the cuts:

The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

[link to www.dailyfinance.com]
 Quoting: NaturalGirl


If this was going to be such a big deal, why didn't the democrats submit a bill back in January? Nobody did anything until the last minute. You honestly think one party over the other is to blame?
Anonymous Coward
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08/06/2011 09:08 PM
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Re: Republicans cause credit downgrade
I think we were derated because our debt exceeds GDP and the answer to debt was to incur more debt.

This is not a partisan issue.
Survival Supply Industries

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08/06/2011 09:10 PM
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Re: Republicans cause credit downgrade
It time for change.
Change of hilly Billy repub mentality.
 Quoting: Numba


...and the Dramacrat way of taking us even further over the cliff....
"Man has evolved barely an inch from the very slime that spawned him."

"It is better to have a gun and not need it than to need a gun and not have one."


[link to survivalsupplyindustries.com]
RadiatedHighness

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08/06/2011 09:12 PM
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Re: Republicans cause credit downgrade
I think we were derated because our debt exceeds GDP and the answer to debt was to incur more debt.

This is not a partisan issue.
 Quoting: Anonymous Coward 1407903


Sure it is. Especially when the debt deal that was pushed through contained 98% of the bullshit that Boehner wanted and included no tax increase on any corporations or shit. And, if I'm not mistaken, it adds 7 trillion to the debt while supposedly taking out 2 or 3 trillion over 10 years.
ar-15 nut

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08/06/2011 09:13 PM

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Re: Republicans cause credit downgrade
drinking ?whateverfeedtroll
A pissed off American veteran!
Numba

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08/06/2011 09:15 PM
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Re: Republicans cause credit downgrade
It time for change.
Change of hilly Billy repub mentality.
 Quoting: Numba


...and the Dramacrat way of taking us even further over the cliff....
 Quoting: Survival Supply Industries


Everything WILL get stable, trust me. It's America, the most glorious nation ever. oyesbutt
anonimalle

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08/06/2011 09:15 PM
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Re: Republicans cause credit downgrade
so i'll bet you're really guy posing as a DFC to drum up support of Obie....

it's not going too well, is it?

npoby
 Quoting: Survival Supply Industries


Thought the same thing myself.
Behind every myth lies a mystery, and every legend holds an echo of the truth …… anonimalle

" At the siege of Vienna in 1683 Islam seemed poised to overrun Christian Europe. We are in a new phase of a very old war."

Gates of Vienna.

"May we smite our enemies to the darkest chamber of hell, for we wish only to live in peace, and they desire only to put their boot upon our neck."
ar-15 nut

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08/06/2011 09:15 PM

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Re: Republicans cause credit downgrade
1star ageanlmao
A pissed off American veteran!
Survival Supply Industries

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08/06/2011 09:16 PM
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Re: Republicans cause credit downgrade
It time for change.
Change of hilly Billy repub mentality.
 Quoting: Numba


...and the Dramacrat way of taking us even further over the cliff....
 Quoting: Survival Supply Industries


Everything WILL get stable, trust me. It's America, the most glorious nation ever. oyesbutt
 Quoting: Numba



... dood... you and your ilk are the last people i would trust.

gsswcnt
"Man has evolved barely an inch from the very slime that spawned him."

"It is better to have a gun and not need it than to need a gun and not have one."


[link to survivalsupplyindustries.com]
Anonymous Coward
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08/06/2011 09:18 PM
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Re: Republicans cause credit downgrade
Polly?
The Commentator

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08/06/2011 09:18 PM
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Re: Republicans cause credit downgrade
S & P wanted to see more new revenue (this means closing tax loopholes and higher taxes for the rich) and the republicans blocked this.
_________________________________________________________

S&P now rates the United States at AA+. The rating agency didn't beat around the bush when describing why it made the cuts:

The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

[link to www.dailyfinance.com]
 Quoting: NaturalGirl


Drugs are bad, kid. Seek professional help.
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ar-15 nut

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08/06/2011 09:19 PM

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Re: Republicans cause credit downgrade
It time for change.
Change of hilly Billy repub mentality.
 Quoting: Numba


...and the Dramacrat way of taking us even further over the cliff....
 Quoting: Survival Supply Industries


Everything WILL get stable, trust me. It's America, the most glorious nation ever. oyesbutt
 Quoting: Numba



... dood... you and your ilk are the last people i would trust.

gsswcnt
 Quoting: Survival Supply Industries


ohyeah
A pissed off American veteran!
Numba

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Saudi Arabia
08/06/2011 09:20 PM
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Re: Republicans cause credit downgrade
It time for change.
Change of hilly Billy repub mentality.
 Quoting: Numba


...and the Dramacrat way of taking us even further over the cliff....
 Quoting: Survival Supply Industries


Everything WILL get stable, trust me. It's America, the most glorious nation ever. oyesbutt
 Quoting: Numba



... dood... you and your ilk are the last people i would trust.

gsswcnt
 Quoting: Survival Supply Industries


Time will tell, my friend.osuper
SOARINGHAWK

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08/06/2011 09:21 PM
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Re: Republicans cause credit downgrade
Oh god NaturalGirl is talkin politics

cruise

Last Edited by SOARINGHAWK on 08/06/2011 09:21 PM
Anonymous Coward
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08/06/2011 09:21 PM
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Re: Republicans cause credit downgrade
In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

And who's fault was this?
It's both parties, they BOTH failed.
Anonymous Coward
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08/06/2011 09:28 PM
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Re: Republicans cause credit downgrade
Oh god NaturalGirl is talkin politics

cruise
 Quoting: SOARINGHAWK


No shit, right?
Anonymous Coward
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08/06/2011 09:30 PM
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Re: Republicans cause credit downgrade
Choosing between Democrats and Republicans is like choosing between syphilis and AIDS.
Anonymous Coward
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08/06/2011 09:37 PM
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Re: Republicans cause credit downgrade
S & P wanted to see more new revenue (this means closing tax loopholes and higher taxes for the rich) and the republicans blocked this.
_________________________________________________________

S&P now rates the United States at AA+. The rating agency didn't beat around the bush when describing why it made the cuts:

The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

[link to www.dailyfinance.com]
 Quoting: NaturalGirl


If this was going to be such a big deal, why didn't the democrats submit a bill back in January? Nobody did anything until the last minute. You honestly think one party over the other is to blame?
 Quoting: Anonymous Coward 1448185


would have been pointless for the democrats to submit a bill if there was no chance of it being passed. democrats wanted there to be higher taxes so it could allow them to spend more to stimulate job growth, but nooo repubs just wouldn't have any of it. so now theres still a fair bit being spent but not enough revenue is gonna come in from taxes cause the repubs wouldn't allow it. congrats to the repubs for being the ones responsible for the credit rating downgrade. clappa
Anonymous Coward
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08/06/2011 09:41 PM
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Re: Republicans cause credit downgrade
S & P wanted to see more new revenue (this means closing tax loopholes and higher taxes for the rich) and the republicans blocked this.
_________________________________________________________

S&P now rates the United States at AA+. The rating agency didn't beat around the bush when describing why it made the cuts:

The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

[link to www.dailyfinance.com]
 Quoting: NaturalGirl


Polly? Is that you?
Outland

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08/06/2011 09:44 PM
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Re: Republicans cause credit downgrade
Natural Girl is a paid shill.

shill
Anonymous Coward
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08/06/2011 10:00 PM
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Re: Republicans cause credit downgrade
Just in Case you thought we were spending money on "smarter" things since the Obamster took office..
Last year, Karen DeYoung and Greg Jaffe of the Washington Post reported that U.S. Special Operations forces were deployed in 75 countries, up from 60 at the end of the Bush presidency. By the end of this year, U.S. Special Operations Command spokesman Colonel Tim Nye told me, that number will likely reach 120. “We do a lot of traveling — a lot more than Afghanistan or Iraq,” he said recently. This global presence — in about 60% of the world’s nations and far larger than previously acknowledged — provides striking new evidence of a rising clandestine Pentagon power elite waging a secret war in all corners of the world.
wisdomknight

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08/06/2011 10:01 PM
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Re: Republicans cause credit downgrade
BANE HER!!!!!!!!!!!!!
"I find your lack of faith disturbing."
Anonymous Coward
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08/06/2011 10:02 PM
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Re: Republicans cause credit downgrade
Nope, S&P wanted spending cuts. The Republicans who signed the bill are turncoats, along with the Senate and that disaster of a freaking president.
Anonymous Coward
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08/06/2011 10:06 PM
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Re: Republicans cause credit downgrade
S & P wanted to see more new revenue (this means closing tax loopholes and higher taxes for the rich) and the republicans blocked this.
_________________________________________________________

S&P now rates the United States at AA+. The rating agency didn't beat around the bush when describing why it made the cuts:

The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

[link to www.dailyfinance.com]
 Quoting: NaturalGirl




STUPID CUNT.
Anonymous Coward
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08/06/2011 10:07 PM
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Re: Republicans cause credit downgrade

Time will tell, my friend.osuper



The Super ZERO!
Anonymous Coward
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08/06/2011 10:12 PM
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Re: Republicans cause credit downgrade
Polly?
 Quoting: Anonymous Coward 1496467


Looks like she has changed her name.




.
Lord.Kalin

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08/06/2011 10:17 PM
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Re: Republicans cause credit downgrade
Figures!~

Many of the Republicans are unwittingly really a bunch of commie's


:LordKayleSig4:
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Anonymous Coward
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08/06/2011 10:18 PM
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Re: Republicans cause credit downgrade
S & P wanted to see more new revenue (this means closing tax loopholes and higher taxes for the rich) and the republicans blocked this.
_________________________________________________________

S&P now rates the United States at AA+. The rating agency didn't beat around the bush when describing why it made the cuts:

The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

[link to www.dailyfinance.com]
 Quoting: NaturalGirl


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