Standard and Poor's downgrades US to AA+

[Antitrust32]

Originally Posted by Riot

Not smart enough to realize the basic financial parameter givens of a normal discussion.

only in your opinion.

[Riot]

Originally Posted by Antitrust32

only in your opinion.

Yes, we each get one of those!

And to slightly change the subject, this is completely hilarious:

"Tea Party! American Thanks You!"

http://www.youtube.com/watch?v=L_Kuo8lb6Bg

[Riot]

Washington Post:

House and Senate Republicans have rallied around the notion of a balanced budget amendment to the Constitution as a solution to the country’s dire fiscal straits. But over the weekend, the head of Standard & Poor’s sovereign ratings division dismissed the idea, arguing that it would be more harmful than helpful to the country’s creditworthiness.

“In general, we think that fiscal rules like these just diminish the flexibility of the government to respond” to crises, S&P managing director John Chambers told CNN’s Wolf Blitzer on Saturday when asked whether it’s important that Congress send a balanced budget amendment to the states in order to restore the country’s AAA credit rating.

Chambers made the remarks one day after S&P downgraded the U.S. credit rating from AAA to AA+ for the first time in the country’s history.

Since the start of the 112th Congress, Republicans in both chambers have voiced increasing support for a balanced budget amendment, and a pledge to “cut, cap and balance” the federal budget — first raised during the debate over raising the country’s debt ceiling — has become a rallying point among conservatives in the broader battle over the federal budget.

[Danzig]

if they'd put all their efforts into finding ways to increase hiring, we'd be far better off.

i called the honorable sen. pryors office today, which my husband said was probably a waste of time.
i told the lady who answered the phone that i was calling because of a line i'd read in the paper earlier today. that leaders in england were cutting their vacations short, and returning to handle the crisis with the looting, etc. i asked her why our leaders weren't doing the same.

i think i'll email bozeman and rep. ross, and ask them the same thing.

[Danzig]

and what ever happened with this?

http://money.cnn.com/2010/12/03/news...down/index.htm


or was that all just a waste of time for the people involved? what's the point in having people work on something, if you're not going to use the results?

[Danzig]

the reps have named the six members of the super committee....

which will now become a super waste of time, effort, with no reason to meet.

http://www.msnbc.msn.com/id/44088093...per-committee/


maybe, just maybe....lol...anyway, maybe they can at least do what is suggested in the article, tax reform and close loopholes.

you've got a party that refuses to touch the biggest part of future budget problems, and a party that refuses to look at raising taxes even on billionaires. now, without a bit of a move on both those issues, our problems will continue to spiral out of control.

[Riot]

Originally Posted by Danzig

the reps have named the six members of the super committee....

which will now become a super waste of time, effort, with no reason to meet.

That's why the automatic triggers were fought over so hard. Everyone knows they will end up the default. Watch for the GOP to try and protect defense with out-the-norm spending, so they don't take that much of a hit via the trigger.