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RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:21:06 PM   
Aylee


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quote:

ORIGINAL: ThatDaveGuy69

Congress, no matter how hard they try, cannot ammend the constitution. It must be ratified by the states and that tends to take years.



Not if they hold a convention.

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I don’t always wgah’nagl fhtagn. But when I do, I ph’nglui mglw’nafh R’lyeh.

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Profile   Post #: 41
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:23:30 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: Aylee


quote:

ORIGINAL: ThatDaveGuy69

Congress, no matter how hard they try, cannot ammend the constitution. It must be ratified by the states and that tends to take years.



Not if they hold a convention.


If Ayle, sold her shoe collection "we" would have enough money!!!!



STOMP

(in reply to Aylee)
Profile   Post #: 42
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:26:03 PM   
MasterSlaveLA


Posts: 3991
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quote:

ORIGINAL: pahunkboy

IMO the corporate party did this to us.



IMO your views are beyond delusional.



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It's only kinky the first time!!!

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Profile   Post #: 43
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:28:47 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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quote:

ORIGINAL: MasterSlaveLA

quote:

ORIGINAL: pahunkboy

IMO the corporate party did this to us.



IMO your views are beyond delusional.





I know.   Lucky for me...   precious metals have done pretty well during this  (cough)  recession.    YES

(in reply to MasterSlaveLA)
Profile   Post #: 44
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:30:18 PM   
MasterSlaveLA


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quote:

ORIGINAL: pahunkboy

My car is paid off.  My mortgage is a fixed rate... I am  not into credit cards...  who cares if consumer rates go up??







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It's only kinky the first time!!!

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Profile   Post #: 45
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:31:43 PM   
MasterSlaveLA


Posts: 3991
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quote:

ORIGINAL: pahunkboy







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Profile   Post #: 46
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:33:22 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		The banks arent loaning.     Even when they are it is like 29% interest on a credit card.  So fuck them.   

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Profile   Post #: 47
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:34:36 PM   
MasterSlaveLA


Posts: 3991
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quote:

ORIGINAL: pahunkboy



  



_____________________________

It's only kinky the first time!!!

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Profile   Post #: 48
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:36:37 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		The good news.. is that as of today the "recession"  (cough) is over.   

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Profile   Post #: 49
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:38:53 PM   
Aylee


Posts: 24103
Joined: 10/14/2007
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quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: Aylee


quote:

ORIGINAL: ThatDaveGuy69

Congress, no matter how hard they try, cannot ammend the constitution. It must be ratified by the states and that tends to take years.



Not if they hold a convention.


If Ayle, sold her shoe collection "we" would have enough money!!!!



STOMP



What?

_____________________________

Ceterum censeo Carthaginem esse delendam

I don’t always wgah’nagl fhtagn. But when I do, I ph’nglui mglw’nafh R’lyeh.

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Profile   Post #: 50
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:39:58 PM   
tj444


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quote:

ORIGINAL: Sanity
S&P downgrades U.S. credit rating for first time[/size][/font]

well, its not like this wasnt foreseen or anything...

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Profile   Post #: 51
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:43:25 PM   
cloudboy


Posts: 7306
Joined: 12/14/2005
Status: offline
quote:

The only thing that negatively impacts the economy are taxes and spending. Any taxes and all spending.


I had kind been depressed all day until I read that.

quote:

tax cuts INCREASE revenue. It's right there is black and white.


I have read that here. It must be true!

< Message edited by cloudboy -- 8/5/2011 7:53:56 PM >

(in reply to Jeffff)
Profile   Post #: 52
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:50:24 PM   
cloudboy


Posts: 7306
Joined: 12/14/2005
Status: offline 		That Avatar matches your posts perfectly. The line-item veto would aid in more streamlined spending, but it was declared unconstitutional. It helped the executive police Congressional pork barrel spending without a lot of grid-lock and hoo-haa.

The Washington Post had a commentary today that Latvia and Lithuania beat their respective budget crises with swift and well planned austerity packages. Luckily for them, they weren't prosecuting two wars (one in the mountains where a foreign occupier / power has never succeeded --- and the other in a desert land, hostile to the WEST) thousands of miles from their homeland.

< Message edited by cloudboy -- 8/5/2011 7:58:01 PM >

(in reply to ThatDaveGuy69)
Profile   Post #: 53
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 7:58:18 PM   
MrRodgers


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Joined: 7/30/2005
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quote:

ORIGINAL: willbeurdaddy

It will have zero impact economically. It is another black eye for the Obama adminstration that pleaded its case in a nearly 4 hour meeting and got nowhere.

The concept of a black eye from zero impact is for the mystics to explain yet given that there are no facts or extrapolation of fact to justify this downgrade...wall street wanted a raise, simple as that.

How does it feel cybersluts, to be...slave to the speculator ?

(in reply to willbeurdaddy)
Profile   Post #: 54
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 8:05:18 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline
quote:

ORIGINAL: Sanity

quote:

S&P downgrades U.S. credit rating for first time



Standard & Poor’s announced Friday night that it has downgraded the sterling U.S. credit rating for the first time.

The move came even though the Treasury Department said that it had found a math error in the firm’s calculations of deficit projections, according to a person familiar with the matter.

S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending.

Analysts have said a downgrade could increase the cost of borrowing for the U.S. government and lead to tens of billions of dollars in more interest costs per year. That could translate into higher borrowing for consumers and businesses, too.

A downgrade would also have a cascading series of effects on states and localities that rely on federal funding, including in the Washington metro area, potentially raising the cost of borrowing for schools and parks.


But the exact impact of the downgrade won’t be known at least until Sunday night, when Asian markets open, and perhaps not fully grasped for months. Analysts say the immediate term impact is likely to be modest because the markets have been expecting a downgrade by S&P for weeks.


Full article here



The bad news just keeps coming.

At least they waited until the stock market closed, on a Friday night.




Happy now?

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President Obama

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Profile   Post #: 55
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 8:10:35 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		http://www.rawstory.com/rs/2011/08/05/2-trillion-error-in-sp-calculations-us-treasury/

they are off by 2 trillion $

(in reply to Owner59)
Profile   Post #: 56
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 8:18:42 PM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
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quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: MasterSlaveLA

quote:

ORIGINAL: pahunkboy

IMO the corporate party did this to us.



IMO your views are beyond delusional.

I know.   Lucky for me...   precious metals have done pretty well during this  (cough)  recession.    YES


Finally got into gold, in my own way. I will stay in it until it is six figures and...it will be.

Yes, the repubs much more than the dems tend to side with the investor class and have done and are doing, their bidding. Huge deficits handed to Obama they and that 'forced' him to continue the 'temporary' tax cuts was the big clue.

< Message edited by MrRodgers -- 8/5/2011 8:31:45 PM >

(in reply to pahunkboy)
Profile   Post #: 57
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 8:20:19 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: MrRodgers


quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: MasterSlaveLA

quote:

ORIGINAL: pahunkboy

IMO the corporate party did this to us.



IMO your views are beyond delusional.





I know.   Lucky for me...   precious metals have done pretty well during this  (cough)  recession.    YES


Finally got into gold, in my own way. I will stay in it until it is six figures and...it will be.



I am glad to hear that.  Gold is doing better then silver right now.  

(in reply to MrRodgers)
Profile   Post #: 58
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 9:20:24 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
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quote:

ORIGINAL: pahunkboy

http://www.rawstory.com/rs/2011/08/05/2-trillion-error-in-sp-calculations-us-treasury/

they are off by 2 trillion $



rofl sure they are. What would you expect Tim "I dont know how to use TurboTax" Geithner to say?

They didnt cut the budget deficit nearly as much as the ratings agencies wanted.
Moodys and Fitch decided to wait for the Thanksgiving Turkey
S&P decided to fire a warning shot at the Thanksgiving Turkey.

They better come up with real spending cuts of at least 2.5 trillion more or the turkeywill be stuffed.

< Message edited by willbeurdaddy -- 8/5/2011 9:22:54 PM >

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and harken
to the barking of the dogfox,
gone to ground.

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Profile   Post #: 59
RE: S&P downgrades U.S. credit rating for first time - 8/5/2011 9:26:52 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		A 2 trillion dollar error... wonder how that will play.

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Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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Profile   Post #: 60
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