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RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 1:18:47 AM

tweakabelle

Posts: 7522
Joined: 10/16/2007
From: Sydney Australia
Status: offline

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)

Oh my MasterJaguar01, do you have some treats in store for you! This is far from Willbur's most asinine effort - it's almost pedestrian by Willbur standards. So you can look forward to years of amusement as Willbur continues to churn out posts that make Sarah Palin look, in comparison, an intellectual colossus and possible Nobel Prize nominee.

Please don't ignore Willbur's gang of looney right mates - pops, Sanity, luckydawg, lockedaway, Firm and a few more - who can be relied upon to make astonishingly stupid and vapid contributions too. Posts that will cause your jaw to drop from their undiluted idiocy, uncompromising aversion to the facts, and their consistent refusal to entertain a single thought or proposal that's rational relevant or sensible.

In future days, Willbur et al's posts will be recognised as masterpieces of incoherent rhetoric and venomous sophistry, devoid of ordered or constructive thought, relying on sneering personal attacks and obsessive hatred of any one who dares to dissent from Fox-TV's latest talking points. They could well become collectors' items. Personally, I doubt if Colbert's or Stewart's scriptwriters could do better.

Years of good wholesome belly ache laughs are yours for the asking. Whatever you do, don't change the channel!

< Message edited by tweakabelle -- 8/7/2011 1:27:31 AM >

_____________________________

(in reply to MasterJaguar01)

Post #: 161

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 3:58:45 AM

Politesub53

Posts: 14862
Joined: 5/7/2007
Status: offline

Naughty naughty Tweaks.

(in reply to tweakabelle)

Post #: 162

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 4:08:25 AM

Politesub53

Posts: 14862
Joined: 5/7/2007
Status: offline

quote:

ORIGINAL: Owner59

The UK does have a higher rating.

Now.

This is the 1st time in American history that we`ve been downgraded.

1st time,in the whole two hundred and twenty nine years we`ve been at this.That`s more than ten generations.

Thanks to jack-ass john-boner(said with the accent on john) and his ilk.

It`s incredible to watch the tea party apologists in action. I wonder what their supporters will do if the cost of borrowing rises because of this.

Mr Asinine keeps assuring everyone it wont affect the US economy, it`s noticable he isnt offering odds this time though.

(in reply to Owner59)

Post #: 163

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 4:53:38 AM

pahunkboy

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

quote:

ORIGINAL: Politesub53

quote:

ORIGINAL: Owner59

The UK does have a higher rating.

Now.

This is the 1st time in American history that we`ve been downgraded.

1st time,in the whole two hundred and twenty nine years we`ve been at this.That`s more than ten generations.

Thanks to jack-ass john-boner(said with the accent on john) and his ilk.

It`s incredible to watch the tea party apologists in action. I wonder what their supporters will do if the cost of borrowing rises because of this.

Mr Asinine keeps assuring everyone it wont affect the US economy, it`s noticable he isnt offering odds this time though.

59- not true. We defaulted at least 2x in our past.

(in reply to Politesub53)

Post #: 164

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 5:04:56 AM

pahunkboy

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

quote:

ORIGINAL: lockedaway

quote:

ORIGINAL: Politesub53

quote:

ORIGINAL: Moonhead

Then what are you bitching about?

Building 7....... The Queen..... Paper money.....

Take your pick.

My fucking goodness...........Polite!!! You are thinking about Building 7??????? I had no idea that was a curiosity to you. I tip me hat to you, old sport!!! :) But you should give some thought to Towers 1 and 2 as well. :)

His comments were sarcasm. 53 does not believe that 7 was imploded.

(in reply to lockedaway)

Post #: 165

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 5:18:46 AM

Politesub53

Posts: 14862
Joined: 5/7/2007
Status: offline

quote:

ORIGINAL: pahunkboy

His comments were sarcasm. 53 does not believe that 7 was imploded.

(in reply to pahunkboy)

Post #: 166

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 6:08:53 AM

pahunkboy

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

So consider CD rates... which are LOWER then inflation. Why would I save in a CD when I would LOSE money? Interest paid would have to be enough to cover inflation, and taxes paid on this gain. So how is it we only concern with interest rates we pay out- when we get none when we save? Supposedly there is a lender of money for every money that is borrowed. So why would I be a lender when I would LOSE money?

(in reply to Politesub53)

Post #: 167

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 6:35:08 AM

Owner59

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

After '08',interest rates are only going down.Problem is,they are as low as they can get,there`s not much more left.

http://www.hussmanfunds.com/rsi/zerobound.htm

Where`s that hyper inflation you post hundred of times about,PA?

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

(in reply to pahunkboy)

Post #: 168

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 7:29:27 AM

Sanity

Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline

Thats a lot to ask - simple photos, charts and graphs are obviously far too complicated for many of them.

quote:

ORIGINAL: lockedaway

Gosh....thanks for your genius post. Within the past week, the AP published a debt chart. I tried to copy and paste it into the thread but it is a no go. It tracks the debt from '81 to '10 with projected years being from '11 to '20. Go ahead and pull it up. Reagan did NOTHING to hamper this country. Look at the chart...really quite fucking simple. What Reagan allegedly did still had the country with less debt than the Clinton years. Aren't you a hillbilly sycophant like the rest of the lib-tards on this board? Then look at W. Bush. AND THEN LOOK AT O'MOTHERFUCKINGSCUMBAG and tell me if you can see a difference. You don't need a slide rule, Sparky. Just look at the chart.

_____________________________

Inside Every Liberal Is A Totalitarian Screaming To Get Out

(in reply to lockedaway)

Post #: 169

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 7:40:08 AM

Owner59

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

Not interested in revisionist history.Thanks anyway.

Where is that guy?He seems to have vanished.

< Message edited by Owner59 -- 8/7/2011 7:41:05 AM >

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

(in reply to Sanity)

Post #: 170

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 7:58:31 AM

FirmhandKY

Posts: 8948
Joined: 9/21/2004
Status: offline

quote:

ORIGINAL: tweakabelle

Please don't ignore Willbur's gang of looney right mates - pops, Sanity, luckydawg, lockedaway, Firm and a few more - who can be relied upon to make astonishingly stupid and vapid contributions too.

-Said by an angry pseudo-intellectual, raving anti-Semite, who thinks that evolutionary psychology is about "dusty bones" and rhetorical techniques consists of one fallacy after another, without self-awareness enough to even consider that she might have a bias or two tucked away in her own arguments ...

I don't mind most lefties and liberals. I enjoy my discussions with several on the boards (such as with O59, mnot, Lucy and polite) as well as I do some of the righties (such as Sanity, will, and the others you mentioned)

You, my dear, need to get off your high horse and dance with the hoi polloi before you start making wholesale condemnations of people who don't hew to your own narrow viewpoint.

Firm

PS. You've given me an idea. I'll likely start a thread about it. So thank you for that, at least.

Edited to add:

Done.

< Message edited by FirmhandKY -- 8/7/2011 8:24:56 AM >

_____________________________

Some people are just idiots.

(in reply to tweakabelle)

Post #: 171

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 7:59:29 AM

pahunkboy

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

quote:

ORIGINAL: Owner59

After '08',interest rates are only going down.Problem is,they are as low as they can get,there`s not much more left.

http://www.hussmanfunds.com/rsi/zerobound.htm

Where`s that hyper inflation you post hundred of times about,PA?

Inflation is 11%. Next year- it will be higher. If you have any doubt- check your grocery bill.

We are 3 years into this "recession".... a double dip would mean 3 more years... for a total of 6 years.

(in reply to Owner59)

Post #: 172

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 8:00:49 AM

pahunkboy

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

You can add my hefty increase in my property tax to the inflation thing.

(in reply to pahunkboy)

Post #: 173

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 8:24:45 AM

lockedaway

Posts: 1720
Joined: 3/15/2007
Status: offline

I should have known...holding out hope for a lib is stupid on my part. Of Larry Silverstein himself said that they pulled it. No plane hit it. No steel building has ever in history collapsed because of a building fire. But...again....silly me for holding out hope.

Anyway...good morning to my conservative and well reasoned friends. :)

(in reply to pahunkboy)

Post #: 174

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 8:25:13 AM

MusicalBoredom

Posts: 620
Joined: 5/8/2007
From: Louisiana/New York
Status: offline

Thanks MasterJag. After reading your responses to the thread I don't need to response with as many of my points as you've summed them up well.

This is what I want us (as in the country) do be doing. Looking at where we have have gotten off track and addressing those problems with real and legitimate discussions. I think it is the only way that we get actually get anything done. The one sentence "solutions" that we keep hearing are not the solutions that will get us anywhere but in the position of the world laughing at our inability to form a consensus for making a viable plan.

(in reply to MasterJaguar01)

Post #: 175

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 8:47:41 AM

MasterJaguar01

Posts: 2346
Joined: 12/2/2006
Status: offline

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: tweakabelle

Please don't ignore Willbur's gang of looney right mates - pops, Sanity, luckydawg, lockedaway, Firm and a few more - who can be relied upon to make astonishingly stupid and vapid contributions too.

-Said by an angry pseudo-intellectual, raving anti-Semite, who thinks that evolutionary psychology is about "dusty bones" and rhetorical techniques consists of one fallacy after another, without self-awareness enough to even consider that she might have a bias or two tucked away in her own arguments ...

I don't mind most lefties and liberals. I enjoy my discussions with several on the boards (such as with O59, mnot, Lucy and polite) as well as I do some of the righties (such as Sanity, will, and the others you mentioned)

You, my dear, need to get off your high horse and dance with the hoi polloi before you start making wholesale condemnations of people who don't hew to your own narrow viewpoint.

Firm

PS. You've given me an idea. I'll likely start a thread about it. So thank you for that, at least.

Edited to add:

Done.

Wow. An angry pseudo-intellectual, raving anti-semite?

I'll admit I don't know the history here.

As for me, on these boards, I will attack an argument if I feel it is flawed, and/or completely devoid of common sense or logic, but I will never attack an individual. I do not know any poster here personally, and would never make any judgments (at least publicly) about an individual, solely because I vehemently disagree with a statement he or she made on here.

Once again, in this case I do not know the history.

My .02

(in reply to FirmhandKY)

Post #: 176

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 9:52:25 AM

lockedaway

Posts: 1720
Joined: 3/15/2007
Status: offline

Wow...maybe I missed it, but you seem to have ignored this piece of reasoning for the downgrade and it seems pretty important:

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. We also believe that the fiscal
consolidation plan that Congress and the Administration agreed to this week
falls short of the amount that we believe is necessary to stabilize the
general government debt burden by the middle of the decade.
Our lowering of the rating was prompted by our view on the rising public
debt burden and our perception of greater policymaking uncertainty, consistent
with our criteria (see "Sovereign Government Rating Methodology and Assumptions
," June 30, 2011, especially Paragraphs 36-41).

I think it is only fair that you focus your well reasoned analysis on the above as well. Now...you say it was an important piece of legislation. I say it was a feckless waste of toilet paper. We have "CUT" nothing. If you think I am wrong, please tell me what was specifically "CUT" and let's define "CUT" as not a reduction in the amount of funding that will still exceed this years funding....no....let's define "CUT" as an amount of funding that is less than the funding the program received this year or a total elimination of that program. So....please, set forth what, exactly, has been "CUT". Because my understanding is that our debt will be 20 trillion or more by 2017 or sooner.

(in reply to MasterJaguar01)

Post #: 177

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 10:00:31 AM

willbeurdaddy

Posts: 11894
Joined: 4/8/2006
Status: offline

quote:

ORIGINAL: lockedaway

Wow...maybe I missed it, but you seem to have ignored this piece of reasoning for the downgrade and it seems pretty important:

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. We also believe that the fiscal
consolidation plan that Congress and the Administration agreed to this week
falls short of the amount that we believe is necessary to stabilize the
general government debt burden by the middle of the decade.
Our lowering of the rating was prompted by our view on the rising public
debt burden and our perception of greater policymaking uncertainty, consistent
with our criteria (see "Sovereign Government Rating Methodology and Assumptions
," June 30, 2011, especially Paragraphs 36-41).

I think it is only fair that you focus your well reasoned analysis on the above as well. Now...you say it was an important piece of legislation. I say it was a feckless waste of toilet paper. We have "CUT" nothing. If you think I am wrong, please tell me what was specifically "CUT" and let's define "CUT" as not a reduction in the amount of funding that will still exceed this years funding....no....let's define "CUT" as an amount of funding that is less than the funding the program received this year or a total elimination of that program. So....please, set forth what, exactly, has been "CUT". Because my understanding is that our debt will be 20 trillion or more by 2017 or sooner.

Well reasoned analysis requires a willingness to read. The same thing has been posted at least 2 other times, it is totally unambiguous, but they still want to blame the Tea Party. They cant on the budget deficits because the Ryan budget proposal and all of the debt ceiling negotiations from the TP caucus focused on deficit reduction and there are only a few thousand articles documenting that. So instead they try and say its due to "stubborness on raising the debt ceiling".

You will never change the intellectually dishonest. Dont waste your pixels.

< Message edited by willbeurdaddy -- 8/7/2011 10:01:52 AM >

_____________________________

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

(in reply to lockedaway)

Post #: 178

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 10:14:19 AM

lockedaway

Posts: 1720
Joined: 3/15/2007
Status: offline

I don't understand the stupidity, Willbe, I really don't. People on a sinking boat want to blame the Tea Party. They can read the words of S & P, ignore it and go on with their same dithering talking points. For fuck sake...the boat is sinking, we are all on it, everyone needs to grab a fucking bucket. Wow...isn't that easy? If every leading economist in the country says we have too much monthly debt to income, we have to either raise our income or slash our expenditures or both.....right??? I mean... lolololololol It is funny.

But you know, I have said this right along. The problem with liberals is that the rules that apply to their OWN LIVES should not, in their view, apply to the country as a whole. For example:

Would a lib allow some unknown illegal alien to come into their yard, dig a latrine and pup a tent on their front yard? Fuck no...but they are opposed to Arizonan's protecting their own state.

A friend is your friend until that person is your enemy. And that is fine for a lib in their personal life but as soon as you start talking about the Iraq War they say "hey...well...Bin Laden worked for us!" So? He was once an ally and now he is an enemy.

A lib might cut back on their personal expenses but God forbid the country cut back on its expenses ESPECIALLY if that means the reduction of an entitlement a lib is receiving (and that accounts to most of the libs on this board).

Would a lib allow someone to threaten to kill them before taking action to prevent the threat from coming true? No...they would strike first or call the police. But when it comes to the U.S., we actually have to be hit first before we can respond.

It is stupidity in the extreme.

< Message edited by lockedaway -- 8/7/2011 10:18:29 AM >

(in reply to willbeurdaddy)

Post #: 179

RE: S&P downgrades U.S. credit rating for first time - 8/7/2011 10:31:08 AM

Politesub53

Posts: 14862
Joined: 5/7/2007
Status: offline

quote:

ORIGINAL: lockedaway

I should have known...holding out hope for a lib is stupid on my part. Of Larry Silverstein himself said that they pulled it. No plane hit it. No steel building has ever in history collapsed because of a building fire. But...again....silly me for holding out hope.

Anyway...good morning to my conservative and well reasoned friends. :)

I`m mortified that you have given up on me. << More sarcasm. :)

(in reply to lockedaway)

Post #: 180

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