RE: S&P downgrades U.S. credit rating for first time (Full Version)

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lockedaway -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 7:23:57 AM)

quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: hapistan


its actually a completely different thing. now. shhhh. can you hear that? its the whole world laughing at you.


WRONG



Actually this is the one thing he is right about. The US is the laughing stock of the world, thanks to our disasterous administration.


I love it!  I really do.  Everyone knows why this country is foundering.  S&P has stated what I have been stating all along in, obviously, less colorful language and that is:

We lowered our long-term rating on the U.S. because we believe that the
prolonged controversy over raising the statutory debt ceiling and the related
fiscal policy debate indicate that further near-term progress containing the
growth in public spending, especially on entitlements, or on reaching an
agreement on raising revenues is less likely than we previously assumed and
will remain a contentious and fitful process.

You liberal losers OWN THIS.  You elected this leftist, loser, unqualified, inexperienced, community organizing man-child as president.  What has happened lays at YOUR feet.  Not the feet of the Tea Party or even the Republican party that either needs to conform to the Tea Party or disband.  It lies at YOUR feet.  In the past 30 months you have watched this country slide into the abyss and you still lick O'scumbag's feet.  When he has totally broken the back of the middle class, then you will have your socialist America.  So you are well on your way to getting what you want but I hope you suffer like dog's in the street on the way there.




pahunkboy -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 7:24:56 AM)

quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: hapistan


its actually a completely different thing. now. shhhh. can you hear that? its the whole world laughing at you.


WRONG



Actually this is the one thing he is right about. The US is the laughing stock of the world, thanks to our disasterous administration.


I sure would not be laughing- every currency is backed by the dollar... when we blow- the entire world goes down.  Funny shit- right?




willbeurdaddy -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 7:26:03 AM)

quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: hapistan


its actually a completely different thing. now. shhhh. can you hear that? its the whole world laughing at you.


WRONG



Actually this is the one thing he is right about. The US is the laughing stock of the world, thanks to our disasterous administration.


I sure would not be laughing- every currency is backed by the dollar... when we blow- the entire world goes down.  Funny shit- right?



Which is one reason why the downgrade is meaningless...we're not going to blow because if we do they go down with us.

Watch the Treasury market Monday, not the stock market. There will be virtually no impact.




pahunkboy -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 7:26:32 AM)

quote:

ORIGINAL: lockedaway

quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: hapistan


its actually a completely different thing. now. shhhh. can you hear that? its the whole world laughing at you.


WRONG



Actually this is the one thing he is right about. The US is the laughing stock of the world, thanks to our disasterous administration.


I love it!  I really do.  Everyone knows why this country is foundering.  S&P has stated what I have been stating all along in, obviously, less colorful language and that is:

We lowered our long-term rating on the U.S. because we believe that the
prolonged controversy over raising the statutory debt ceiling and the related
fiscal policy debate indicate that further near-term progress containing the
growth in public spending, especially on entitlements, or on reaching an
agreement on raising revenues is less likely than we previously assumed and
will remain a contentious and fitful process.

You liberal losers OWN THIS.  You elected this leftist, loser, unqualified, inexperienced, community organizing man-child as president.  What has happened lays at YOUR feet.  Not the feet of the Tea Party or even the Republican party that either needs to conform to the Tea Party or disband.  It lies at YOUR feet.  In the past 30 months you have watched this country slide into the abyss and you still lick O'scumbag's feet.  When he has totally broken the back of the middle class, then you will have your socialist America.  So you are well on your way to getting what you want but I hope you suffer like dog's in the street on the way there.




Give all your money to Goldman Sachs.    NOW!


Money galore for wall street-  cat food for the seniors.




farglebargle -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 7:33:05 AM)


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: outhere69

If we had a BBA, we wouldn't have been able to go to war without raising taxes.  You know, like we used to.


Another one who posts without even bothering to read wtf they are talking about. EMERGENCY SPENDING SUCH AS WARS IS NOT SUBJECT TO THE BBA.


Then the BBA's a fucking joke. It's either balanced or it isn't. Carving out an "emergency spending exemption" is the cowards way out.




Sanity -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 10:04:41 AM)


People who cant think beyond their own noses are the jokes.

Consider this - the Dems voted overwhelmingly to give Bush the power to liberate Iraq and Afghanistan, they voted overwhelmingly to allocate the funds for the operations and they continue to fund those operations to this day.

Would they act that way if they knew they were using real money? That spending on, say, liberating Libya would mean proportional reductions in their government giveaway programs here? If it meant cutting into the funds (an end to the endless imaginary money) they use to buy votes?





willbeurdaddy -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 10:06:51 AM)

FR

Everybody seems to be in awe of Warren Buffett here, so you might take note of what he said. He has $47 billion in Treasuries, has no plans to sell any of it, and would give US credit a AAAA rating if one existed. He expects the downgrade to have no effect on the economy.




joether -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 10:57:46 AM)

quote:

ORIGINAL: Sanity
People who cant think beyond their own noses are the jokes.

Consider this - the Dems voted overwhelmingly to give Bush the power to liberate Iraq and Afghanistan, they voted overwhelmingly to allocate the funds for the operations and they continue to fund those operations to this day.

Would they act that way if they knew they were using real money? That spending on, say, liberating Libya would mean proportional reductions in their government giveaway programs here? If it meant cutting into the funds (an end to the endless imaginary money) they use to buy votes?


I seem to recall the President telling us that Iraq had "Stockpiles of Weapons of Mass Destruction..." which meant "...Chemical, Biological, and Nuclear...". And that he had the systems set up to launch devistating attacks on those in the middle east (i.e. Isreal, Saudia Arabia, etc) and potentially beyond. And that was the number one (of several reasons) for the invasion. Likewise, we, as Americans were told that the administration had a "...well documented plan for dealing with Iraq after Saddam is gone.".

Likewise, we the American people believe, NO ONE, would lie completely on things, given the all to 'recent' lying from former President Nixon and Clinton. BTW, when was Clinton's administration there, Sanity? Oh yeah, the term BEFORE Bush's! Yes, we thought (foolish us, right?) that a Republican could be able to back up his bullshit with hard evidence. As the evidence turned out to be total crap and lies. What made it really curious is the Republican Congress didn't hold Mr. Bush to an ounce of accountibility. That's right, Sanity, WHO controlled CONGRESS in 2003? "The Grand Old Party" is the correct answer. Democrats were in the minority of both houses. But than, that's ANOTHER fact that you have conviently forgotten in your tirade.

As it turns out, the Republicans started spending for both wars on borrowed money (again, because they controlled both the House and Senate). Not an ounce of consideration to how things were being handled the whole time. Back in 2002, the Bush era tax cuts where in place, creating that HUGE deficit we have today. Again....where was the outrage of 'fiscal conservatives' on that issue? The answer is "non-existant".

The plan for Iraq was about as floppy and irrelavent as it got. It was a silly document that was put together by "the best and brightest, in each of their fields". The truth was, the document's 21 industries, except for one (hint: How did the Bush Family make its fortune?), were not put toether by even the modestly intelligent or educated of their field. There were problems all over the place, that required MORE money to be spent there. After all, in 1999, (and several times in that year), then, Gov. Bush declared "I will not NATION BUILD".

There was so much lying going on in that administration, it was simply insulting that not a single Republican took the President to task over his words and actions. Heck, most conservatives didn't hold Republicans responsible for what happen (they were the ones that wanted Sarah Palin as VP....).

Should we bring up all the other lies from the Bush Administration? In Energy? In 'No Child Left Behind'? In 'Defending the Country from Terrorists'? How about all those illegal immigrants that walked in during his administration?

You want to talk about people who cant think beyond their noses? Try the ten or twelve candidates for the GOP president's ticket? Please Sanity, show me 'indepth evidence an analysis' that shows Rep. Michelle Bachmann would be a good president? Yes, the leader of the Tea Party that just recently...FUCKED...over the United States. The best 'Grade A' bullshit on the planet, Sanity, is found in the Republican/Tea Party camp. They may have the best bullshit this side of the Milky Way Galaxy!




Sanity -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 11:06:16 AM)


What about the spending part of the argument, joe?

No comment there? [:D]




Aylee -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 11:15:57 AM)


quote:

ORIGINAL: SilverMark

Are you suggesting that there is a way to do it any faster? Is there some silver bullit that no one knows of but you? Have you devined answer that has yet to be revealed?



Sell California?




willbeurdaddy -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 11:59:06 AM)


quote:

ORIGINAL: Aylee


quote:

ORIGINAL: SilverMark

Are you suggesting that there is a way to do it any faster? Is there some silver bullit that no one knows of but you? Have you devined answer that has yet to be revealed?



Sell California?


Yes, please. An automatic increase of 25% in availability of our Federal tax payments! And we can hire Mexico for defense after the US defense budget is decimated!




MasterJaguar01 -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 12:49:54 PM)


quote:

ORIGINAL: willbeurdaddy


The Tea Party is the best thing that has happened for the US economy since Clinton cut capital gains rates.



WOW...

Left-leaning or right-leaning. That statement has the record for being the most asinine statement I have seen in any post on any topic on this board. I don't even think the word "asinine" adequately covers it. I have a fairly broad vocabulary, but I am stumped for a word to adequately describe that statement. (2 to 3 levels BEYOND asinine)






Termyn8or -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 12:56:37 PM)

"Pull the corporate charter.    They are a threat to national security."

Shut the fuck up once in a while. Not forever, but god damn, if you don't understand the issue, shut the fuck up.

Cool ?

T^T




willbeurdaddy -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 12:59:16 PM)


quote:

ORIGINAL: MasterJaguar01


quote:

ORIGINAL: willbeurdaddy


The Tea Party is the best thing that has happened for the US economy since Clinton cut capital gains rates.



WOW...

Left-leaning or right-leaning. That statement has the record for being the most asinine statement I have seen in any post on any topic on this board. I don't even think the word "asinine" adequately covers it. I have a fairly broad vocabulary, but I am stumped for a word to adequately describe that statement. (2 to 3 levels BEYOND asinine)





Why dont you try and explain why you think that? Oh, you have no understanding of it, sorry, I forgot.




MasterJaguar01 -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 1:25:54 PM)


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: MasterJaguar01


quote:

ORIGINAL: willbeurdaddy


The Tea Party is the best thing that has happened for the US economy since Clinton cut capital gains rates.



WOW...

Left-leaning or right-leaning. That statement has the record for being the most asinine statement I have seen in any post on any topic on this board. I don't even think the word "asinine" adequately covers it. I have a fairly broad vocabulary, but I am stumped for a word to adequately describe that statement. (2 to 3 levels BEYOND asinine)





Why dont you try and explain why you think that? Oh, you have no understanding of it, sorry, I forgot.



I would be HAPPY to explain why I think that.


1) We have a debt ceiling. Rather than asinine, I shall refer to it as ridiculous. It is a limit on the US Treasuries ability to fund (through borrowing (the sale of US Treasuries)) policies that our Congress have already created. It is ridiculous, because it is poorly understood by too many people (PARTICULARLY by members of the Tea Party). It is NOT a limit on new appropriations. It has nothing to do with "cutting spending". It is ridiculous (I am ridiculing it right now) because it is a limit that can't be enforced. (e.g. We can't NOT raise it when we need to. So what is the use of the limit? (answer below)) The limit should be BEFORE Congress votes on bills. Not after. When John Boehner cried like a schoolgirl, BEGGING his fellow house members to approve Medicare Part D and funnel our tax money to pay full price to his Big Pharma donors, rather than let Medicare negotiate on the free-market, there should have been a limit. Congress should have simply said "John, go home and cry."

2) If the ridiculous debt limit were raised via a one-line bill (just as it has dozens of time before):

A) S&P would not have downgraded us.
B) The entire world would not have watched this childish debate.
C) The market would not have tanked. The stock that I am most heavily invested in would have syrocketed again on its latest earnings report (one which I have been waiting on, for over 2 months. Thanks a bunch Tea Party!)
D) We could have been concentrating on a FAR more pressing crisis: UNEMPLOYMENT
E) Congress (on both sides) would not have come up with this idiotic bill in a hurry, which does almost nothing to cut spending, and is estimated to kill 323,000 jobs. Our debt is a HUGE problem and needs to be addressed by carefully implementing the recommendations of the Simpson-Bowles commission (and/or studying the issue even further if necessary). It simply is NOT the most pressing issue right now.

The Tea Party is directly responsible for A through E (and I am sure there is an F through Z once we discover the full disastrous effect).


Answer to the question above: What is the use of debt ceiling? A new way to hold the country's full faith and credit hostage for political gain. IMO: That is Treason. (There ya go Ann Coulter. That's why they call it Treason)


As Termyn8r says: "If you don't understand the issue, shut the fuck up" The Tea Party most definitely does NOT understand the issue.




domiguy -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 1:58:52 PM)


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: hapistan


its actually a completely different thing. now. shhhh. can you hear that? its the whole world laughing at you.


WRONG



Actually this is the one thing he is right about. The US is the laughing stock of the world, thanks to our disasterous administration.



No, I assure you it is mostly due to "your" administration. Without it, we wouldn't be here today.

All of your posts paint you out to be rather slow.




willbeurdaddy -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 2:04:58 PM)

quote:

ORIGINAL: MasterJaguar01


1) We have a debt ceiling. Rather than asinine, I shall refer to it as ridiculous. It is a limit on the US Treasuries ability to fund (through borrowing (the sale of US Treasuries)) policies that our Congress have already created. It is ridiculous, because it is poorly understood by too many people (PARTICULARLY by members of the Tea Party). It is NOT a limit on new appropriations. It has nothing to do with "cutting spending". It is ridiculous (I am ridiculing it right now) because it is a limit that can't be enforced. (e.g. We can't NOT raise it when we need to. So what is the use of the limit? (answer below)) The limit should be BEFORE Congress votes on bills. Not after. When John Boehner cried like a schoolgirl, BEGGING his fellow house members to approve Medicare Part D and funnel our tax money to pay full price to his Big Pharma donors, rather than let Medicare negotiate on the free-market, there should have been a limit. Congress should have simply said "John, go home and cry." I agree. So far nothing that makes my post asinine

2) If the ridiculous debt limit were raised via a one-line bill (just as it has dozens of time before):

A) S&P would not have downgraded us. Absolutely wrong. All three agencies would have downgrade us if it werent for some attention apid to the budget deficit. S&P TOLD everyone this was coming without at least $4 trillion in debt reduction over 10 years

B) The entire world would not have watched this childish debate. Yeah, the would have watched Obama's out of control spending, a downgrade possibly below AA+, and laughed the whole time.

C) The market would not have tanked. The stock that I am most heavily invested in would have syrocketed again on its latest earnings report (one which I have been waiting on, for over 2 months. Thanks a bunch Tea Party!)
the market drop has NOTHING to do with the debt ceiling/deficits. Once again if there was a market concern about either it would have hit the bond market, it hasnt.


D) We could have been concentrating on a FAR more pressing crisis: UNEMPLOYMENT Yes, if the Dems had done there job and actually passed a budget in the last two years we could have.

E) Congress (on both sides) would not have come up with this idiotic bill in a hurry, which does almost nothing to cut spending, and is estimated to kill 323,000 jobs. Our debt is a HUGE problem and needs to be addressed by carefully implementing the recommendations of the Simpson-Bowles commission (and/or studying the issue even further if necessary). It simply is NOT the most pressing issue right now. LMAO. This bill accomplished exactly what you are recommending should have been done. So if it is idiotic, so are you.


The Tea Party is directly responsible for A through E (and I am sure there is an F through Z once we discover the full disastrous effect). yes , it is, and therefore full CREDIT should be given tot them



Answer to the question above: What is the use of debt ceiling? A new way to hold the country's full faith and credit hostage for political gain. IMO: That is Treason. (There ya go Ann Coulter. That's why they call it Treason) Same thing I said earlier or in another thread, thats why a BBA is needed



As Termyn8r says: "If you don't understand the issue, shut the fuck up" The Tea Party most definitely does NOT understand the issue. Nice try. First, dont ever expect credibility quoting Termy. Second, what you got correct in your post says the opposite. The Tea Party forced the issue, and did the best they could holding only one branch. The super Congress has been warned. Listen to the Tea Party or face a further downgrade and real problems.


At least you gave an honest, albeit largely incorrect response. Better than most here. Kudos







domiguy -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 2:05:57 PM)

where was wibur's precious tea party when we were racking up huge deficits from 2000 to 2008? where was wilbur's tea party when the accountability was removed for corporations to lend out money from 2000 to 2008?

where was the tea party when America elected a Democrat and it's first black President?....Quickly being created by conservative masterminds and bought into by nincompoops and puppets like sanity and wilbur.

two turds in a bowl.




lockedaway -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 2:08:59 PM)

Who removed those regulations, nit wit?  Your boy Clinton did.  Fuck..go read a book.  Thank God for the Tea Party.  Americans aren't as stupid as they used to be.  Why is America's first black president such a total failure, Dopi?




cloudboy -> RE: S&P downgrades U.S. credit rating for first time (8/6/2011 2:10:29 PM)


A-E aren't important to him.




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