Standard and Poor's downgrades US to AA+

[wiphan]

Originally Posted by Coach Pants

Are you waiting for the Bumbling Bernanke Bonanza? Here come the pain.

At least they didn't say they were going to print more $.....

[joeydb]

Originally Posted by wiphan

At least they didn't say they were going to print more $.....

You mean "Quantitative Easing" ?

[wiphan]

Originally Posted by joeydb

You mean "Quantitative Easing" ?

Yes so far no talk of QEIII, thank god

[Riot]

Originally Posted by wiphan

At least they didn't say they were going to print more $.....

If the Republicans won't allow any stimulus/job creation, then all the fed has left is allowing inflation to creep up.

That's is the joke of this fake "we're going broke! We can't pay our bills!" discussion - we are a sovereign nation. We could always print all the money we want to pay off every bill we have.

Yes, we have to rein in spending. But it's not the ridiculous crisis the right has made it out to be for the past month, just to screw Obama.

[wiphan]

Originally Posted by Riot

If the Republicans won't allow any stimulus/job creation, then all the fed has left is allowing inflation to creep up.

That's is the joke of this fake "we're going broke! We can't pay our bills!" discussion - we are a sovereign nation. We could always print all the money we want to pay off every bill we have.

Yes, we have to rein in spending. But it's not the ridiculous crisis the right has made it out to be for the past month, just to screw Obama.

your inability to understand reality is quite funny. You have no clue on inflation, stimulus, fed policy,etc. Sorry I have to get back to work. 10 yr T note just hit all time low and it is time to make some $.

[Riot]

Originally Posted by wiphan

your inability to understand reality is quite funny. You have no clue on inflation, stimulus, fed policy,etc. Sorry I have to get back to work. 10 yr T note just hit all time low and it is time to make some $.

Really? Do you have anything constructive to offer regarding the Feds options, or just want to be snarky? You want to talk about the Feds announcement (or lack of it) that there will be no QE3, that they are not doing anything? Or just wanna be snarky?

[wiphan]

Originally Posted by Riot

Really? Do you have anything constructive to offer regarding the Feds options, or just want to be snarky? You want to talk about the Feds announcement (or lack of it) that there will be no QE3, that they are not doing anything? Or just wanna be snarky?

When you make a comment stating "we will never go broke because we can just print more money" it shows that you have no knowledge or understanding of fiscal policy and there is no sense in discussing it with you. You simply do not understand. My 3 yr old has that kind of logic. The Fed said a lot today, more than it usually does. The last thing we need is QEIII.

[Riot]

Originally Posted by wiphan

When you make a comment stating "we will never go broke because we can just print more money" it shows that you have no knowledge or understanding of fiscal policy and there is no sense in discussing it with you.

Oh for christ sakes, you fool, I didn't say we would ever do that, or that it would remotely ever be a reasonable or logical solution, it would be terrible. I suspected you to have a small bit of common sense in a discussion!

But it is indeed why we would never go "bankrupt".

You are so filled with your prejudices and assumptions. You trot them out at the drop of a hat, be they valid or not. Are you already blaming "union thugs" for any Democratic victories in Wisconsin today? Even though the Koch Brothers have spent more outside money on the GOP side?

[Antitrust32]

the best news the past few weeks is no QEIII