Standard and Poor's downgrades US to AA+

[Riot]

Originally Posted by joeydb

Some of you guys are so desperate to exonerate Obama for this mess, it's sickening. Face it - he was never up to the task of being president. All the window dressing in the world won't make this guy look any better. He's done.

What complete nonsense. Get a grip on reality. The Tea Party alone caused the downgrade, and they, and the Republican House that couldn't control them, own it.

It's the small subset of novice people with their "no raising the debt ceiling" complete financial idiocy that caused this. Can't wait until they are voted out of Congress next year. One and done. Anyone can be elected to the House, and that sure proved it.

And yesterday we have Ryan telling his caucus to "stand firm" and refuse all tax increases in the future. These people are literally destroying America with their stupidity and quest to destroy our government and our country, and obtain political power.

That said, we have the biggest Republican Do Nothing Congress in decades - this country is in recession and all they've done is name post offices? - a Republican Senate Minority Leader in McConnell who has said he will take the debt ceiling hostage for political purposes again and again, and that his primary legislative goal is to make the President fail.

How dare he.

Two years of complete political obstructionism by the Republican party, now literally causing harm to this country with the ratings fall (not that S & P is a paragon of ratings virtue). That was just S & P, Wall Street, jerking their owned Republican leashes for being stupid about the economy. These treasonous, unpatriotic jackasses have to lose their jobs, and they will next fall. Politics before country - eff them.

[Antitrust32]

Originally Posted by Riot

What complete nonsense. Get a grip on reality. The Tea Party alone caused the downgrade, and they, and the Republican House that couldn't control them, own it.

this is so ridiculous it makes me question your sanity.

sure, the tea party had a helping hand, but they were FAR from alone in causing it.

Obama and the dems own it as much as the tea partiers do. And the american people know that.

[dellinger63]

Originally Posted by Riot

What complete nonsense. Get a grip on reality. The Tea Party alone caused the downgrade, and they, and the Republican House that couldn't control them, own it.

The failure of the President to accept Ryan's budget plan caused the downgrade. The head of the S&P is on video stating such.

But Obama still considering us AAA is what really counts.

[Antitrust32]

do you really think we would not have been downgraded had the congress just raised the debt ceiling two months ago and done nothing else (spending cuts)?

You must not be listening to S&P. the political postering surely didnt help the situation, but its the out of control spending that caused this downgrade. Both Parties are to blame for that, and actually, the tea party might be the only ones you cant blame for the spending.

you giving the dems a free pass on this is so illogical.

[Riot]

Originally Posted by Antitrust32

sure, the tea party had a helping hand, but they were FAR from alone in causing it.
.

Baloney. Boehner and Obama compromised with $4 trillion and tax increases through loophole cutting (exactly what S & P's, Moody's, etc. wanted, because they talked to the President), and the Tea Party congressional Republicans nixed it.

Who held the good faith and credit of the US hostage by refusing to raise the debt ceiling? The Tea Party and the GOP.

Who created two months of drama over a routine raise of the debt ceiling? The Tea Party and the GOP.

And you question my sanity? Look at reality. No - Obama and the Dems didn't do any of that - they compromised while the GOP gave up nothing and brought this country to the brink of disaster. And the American people know that.

Name one thing the Dems or Obama did to obstruct raising the debt ceiling? You can't. It doesn't exist.

[Antitrust32]

who spend the original 14.2 trillion? you know, the thing that got us in this mess.

Answer: a mixture of GW and Obama policies.

they both fail and all of them in Washington caused this.

You are pretty much the only person I've read/heard that lets the Dems off the hook.

[Riot]

Originally Posted by dellinger63

The failure of the President to accept Ryan's budget plan caused the downgrade. The head of the S&P is on video stating such.

But Obama still considering us AAA is what really counts.

What bullshit. The GOP didn't even accept Ryans Budget. And the S & P guy said that on Fox News Sunday, now with an edited video making the rounds. Read the S & P published announcement statement where they jerk their Republicans leashes for being stupid and moronic about dealing with the debt crisis, and called them out by name.

And not only does Obama still consider us AAA, the market does, too - you'll notice they all rushed into US Treasuries yesterday as stocks fell.

[joeydb]

Originally Posted by Riot

What complete nonsense. Get a grip on reality. The Tea Party alone caused the downgrade, and they, and the Republican House that couldn't control them, own it.

The Tea Party caused this? Tell me - how much debt spending did the Tea Party actually do? Wild spending liberals did this. They don't understand math anyway - their condescension and arrogance notwithstanding.

Or maybe you think that since the Tea Party actually made their representatives do what they said they would do - cut spending -that they are the problem. In other words, eternally expanding borrowing IS possible, according to you.

Stop reading the talking points of Obama and Dems and think for yourself. Then you'll see how ridiculous your statement above looks.

[Clip-Clop]

Originally Posted by Riot

What bullshit. The GOP didn't even accept Ryans Budget. And the S & P guy said that on Fox News Sunday, now with an edited video making the rounds. Read the S & P published announcement statement where they jerk their Republicans leashes for being stupid and moronic about dealing with the debt crisis, and called them out by name.

And not only does Obama still consider us AAA, the market does, too - you'll notice they all rushed into US Treasuries yesterday as stocks fell.

More Kool-Aid?
No Blame at all?
You are out there all alone.

[joeydb]

Whatever Obama considers us to be, AAA, or otherwise is irrelevant.

[Antitrust32]

Originally Posted by Riot

Name one thing the Dems or Obama did to obstruct raising the debt ceiling? You can't. It doesn't exist.

they shot down a handful of bills themselves. I'm not saying they were great bills but prob better than what was passed. and the Dems refuse to address reforming entitlements. thats a huge obstruction right there.

to believe the dems had nothing to do with the credit downgrade is batshit crazy.

[Antitrust32]

Originally Posted by joeydb

The Tea Party caused this? Tell me - how much debt spending did the Tea Party actually do? Wild spending liberals did this.
.

to be fair... the republican controlled congress going through 2006 certainly spent like crazy and helped cause this. The dem controlled congress just kept the spending going, maybe a little more hog wild.

the tea party is the only group that hasnt spent like crazy. but they have their major faults. why they refuse to close loopholes in taxes is beyond me.

[Riot]

Originally Posted by Antitrust32

they shot down a handful of bills themselves. I'm not saying they were great bills but prob better than what was passed. and the Dems refuse to address reforming entitlements. thats a huge obstruction right there.
.

Really? "A handful"? Which ones? Name them. You can't, it doesn't exist.

There were three "deal", and the Tea Party nixed them all. Only a few TP crossed over and voted for the ones that passed. Not the Dems. And the Dems agreed, although they didn't want to, to entitlement reforms. The Dems compromised, the old politician GOP compromised, the Tea Party is a bunch of idiotic, financial fools hell bent upon destroying this country to demagogue their ridiculous ideals.

Sorry - this is a completely false argument. Blaming the Dems for the Tea Party craziness is factually wrong.

[Riot]

Originally Posted by Antitrust32

do you really think we would not have been downgraded had the congress just raised the debt ceiling two months ago and done nothing else (spending cuts)?

You must not be listening to S&P.

Wrong. I read their press release. You should, too, rather than listen to Faux News interpretations.

We were downgraded because of politics. We were downgraded as the debt ceiling was not routinely raised two months ago, as it has been 79 times before, and the Tea Party (although S & P named the Republicans) obstructed our political process so much that S & P had to jerk the GOP leash with the fake insult of the downgrade.

The debt ceiling raise is our promise to continue to pay bills we have already incurred - the Tea Party threatened we would not do that, that we would not pay back the money we'd already borrowed. The Tea Party put the full faith and credit of the United States hostage for their ridiculous political theatre. The Tea Party said not paying back our creditors and bills literally didn't matter, that there would be no consequence. What idiots! And that - the political theatre - is what caused S & P to downgrade us.

[wiphan]

Originally Posted by Riot

What bullshit. The GOP didn't even accept Ryans Budget. And the S & P guy said that on Fox News Sunday, now with an edited video making the rounds. Read the S & P published announcement statement where they jerk their Republicans leashes for being stupid and moronic about dealing with the debt crisis, and called them out by name.

And not only does Obama still consider us AAA, the market does, too - you'll notice they all rushed into US Treasuries yesterday as stocks fell.

You need some help. You can place blame on all sides. This actually goes back to the Clinton days with the ridiculousness of him, good old Mr. Frank, Fannie, Freddie, etc. It is with GW and with Obama. It also could be with Mr. Bernancke, Mr. Greenspan and all of the actions taken by the Fed. We have been printing $, spending ridiculously and with no accountability on either side. Obama did not create the problem, but he is not willing to take the necessary steps to help fix it. The solutions are not fun and not going to be very popular. Obama could learn alot from WI and how Governor Walker albeit not popular with everyone has started to take the state in the right direction. I know you disagree with this, but the proof is starting to come out and in the next 2 years unless the dems screw it up you will see how well this can work. It is amazing how where their were deficits in WI there are now surplusses. It is happening even in Milwaukee, imagine that

[Antitrust32]

Originally Posted by Riot

Wrong. I read their press release. You should, too, rather than listen to Faux News interpretations.

We were downgraded because of politics. We were downgraded as the debt ceiling was not routinely raised two months ago, as it has been 79 times before, and the Tea Party (although S & P named the Republicans) obstructed our political process so much that S & P had to jerk the GOP leash with the fake insult of the downgrade.

The debt ceiling raise is our promise to continue to pay bills we have already incurred - the Tea Party threatened we would not do that, that we would not pay back the money we'd already borrowed. The Tea Party put the full faith and credit of the United States hostage for their ridiculous political theatre. The Tea Party said not paying back our creditors and bills literally didn't matter, that there would be no consequence. What idiots! And that - the political theatre - is what caused S & P to downgrade us.

you're and idiot with that Faux News interpretation crap. I barely watch fox.

your interpretation of why we were downgraded is only about 15% correct. You ignore the main factors.

this is a pointless debate. your opinion isnt going to change.. and you wont be changing the opinion of the 95% of people who disagree with you on this.

[Antitrust32]

Originally Posted by wiphan

You need some help. You can place blame on all sides. This actually goes back to the Clinton days with the ridiculousness of him, good old Mr. Frank, Fannie, Freddie, etc. It is with GW and with Obama. It also could be with Mr. Bernancke, Mr. Greenspan and all of the actions taken by the Fed. We have been printing $, spending ridiculously and with no accountability on either side. Obama did not create the problem, but he is not willing to take the necessary steps to help fix it. The solutions are not fun and not going to be very popular. Obama could learn alot from WI and how Governor Walker albeit not popular with everyone has started to take the state in the right direction. I know you disagree with this, but the proof is starting to come out and in the next 2 years unless the dems screw it up you will see how well this can work. It is amazing how where their were deficits in WI there are now surplusses. It is happening even in Milwaukee, imagine that

very good and honest post

[Riot]

Originally Posted by wiphan

You need some help. You can place blame on all sides.

But certainly not equally. Sorry, but trying to blame Obama and the Dems for the S & P downgrade is beyond absurd and factually insubstantiable.

could learn alot from WI and how Governor Walker albeit not popular with everyone has started to take the state in the right direction. I know you disagree with this, but the proof is starting to come out and in the next 2 years unless the dems screw it up you will see how well this can work. It is amazing how where their were deficits in WI there are now surplusses. It is happening even in Milwaukee, imagine that

Those "surpluses" are pretty fake, and are some nifty accounting tricks - check out what Walker isn't including in his "budget".

[Riot]

Originally Posted by Antitrust32

you're and idiot with that Faux News interpretation crap. I barely watch fox.

your interpretation of why we were downgraded is only about 15% correct. You ignore the main factors.

No, I am going from the S & P press release. We were downgraded due to political intransigence. Who did that? The Tea Party. S & P's even blamed the GOP. Why don't you google it and read it?

You're right - facts don't matter to some folks, when forming their opinions.

[jms62]

So much time spent affixing blame and so little time on fixing the problem by congress. So much arguing on this thread that not many of you realize that you are getting DP'd.