Investors lose a trillion dollars in one day

[joeydb]

Originally Posted by Riot

Baloney. You are not entitled to make up crap out of thin air. Facts matter.

First: we have no trouble paying our bills, We have no anticipation of trouble paying our bills in the future.

Plenty of countries have a worse debt to GDP ratio than we do (and have retained their AAA rating - oh, and all remaining current AAA rated countries have national health care, btw)

The only reason our creditors would cut us off is if the Tea Party got it's way, and we agreed to not pay our bills by not raising the debt ceiling. That nonsensical temper tantrum by the Tea Party is what caused S & P to downgrade us. It's not the financial facts (S & P was off by $2 trillion on our debt! Treasury correct them and they still downrated us, which is bs) - S & P downrated us because the Republican party is acting like irresponsible idiots.



More baloney.

Facts: the Democrats cut spending in every single deal on the table during the debt negotiations, it is the GOP Tea Party faction that refused the deals for $4 trillion, making us take the lesser deal for $2 trillion.

And your taxes have literally never been lower, and Obama has helped lower them.

Stop repeating the false right-wing lies. It's beyond absurd.

Bull Riot. I am not one of the 47% of people in the country who don't pay income taxes. I'm getting creamed.

We can currently pay the interest on the loans. Is that what you mean by "no trouble paying our bills"? When is the principal going to be reduced? It has not been reduced in 51 years! THAT is why the rating went down. And I have news for you - we don't deserve AA+ either.

We have to SPEND LESS THAN WE TAKE IN. Literally, not rhetorically: do the math!