The Conservative Cave
Current Events => Breaking News => Topic started by: Ptarmigan on August 02, 2011, 06:00:02 PM
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U.S. Faces First Downgrade on Debt, Slowdown: Moody’s
http://www.bloomberg.com/news/2011-08-02/u-s-aaa-rating-faces-moody-s-downgrade-on-debt-economic-slowdown-concern.html
Not surprised by it.
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It wasn't the default that was a big issue, but the growing debt with no end in sight.
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It wasn't the default that was a big issue, but the growing debt with no end in sight.
Oh snap. Now who will Obie and the DUmocrats blame (why Georgie Porgie Bush of course). Inherited the "worst economy ever, didn't know how bad things were...yada yada yada."
Why can't I spend more than I earn and have a triple A credit rating?
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Why can't I spend more than I earn and have a triple A credit rating?
You probably wouldn't want to, knowing that is unsustainable and will eventually bite you in your financial fanny.
I really wonder what the thinking of congress has been as they over spent the last several decades. Can they be that stupid?
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You probably wouldn't want to, knowing that is unsustainable and will eventually bite you in your financial fanny.
I really wonder what the thinking of congress has been as they over spent the last several decades. Can they be that stupid?
Yes, and no. They believe that the public is that stupid, though. Now that people are starting to wise up to the deficit problem, they make noise about a balanced budget amendment, but that isn't what we need. We need an amendment forcing them to start paying down the debt.
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We're also gonna hear about how it's all the Tea Party's fault for ruining our credit rating.
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We work heavily with the rating agencies and investment bankers in issuing bonds. The sentiment is that the US debt will be downgraded within the next two years. Another first for Obama and any US president. This is fully expected by Wall Street. After all, only Trivial Pursuit experts will remember who the Speaker of the House was 25 years from now. But they'll know that Obama presided over the first downgrade of US debt. Talk about a legacy.
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Oh snap. Now who will Obie and the DUmocrats blame (why Georgie Porgie Bush of course). Inherited the "worst economy ever, didn't know how bad things were...yada yada yada."
Why can't I spend more than I confiscate and have a triple A credit rating?
FIXED
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FIXED
What makes me truly sad is that the DUemoctratics really don't get it. Just because a thing can be done doesn't mean it should be. ( ie: raising taxes ). ( a corollary to: Not all change is progress(ive))
What we have is a spending problem. Like an alkie congress is addicted to the buzz they get when the go home with the pork. Once you kill the pigs they's all done makin bacon.
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After all, this is what the America haters want. Too downgrade/destroy America. None of the leftists talk about how much money the imposter in the white mosque has spend since he became the "supposed" POTUS. But, they were all over the right wing guys in the White House.
But, then again, those were the days of democrats and republicans. Now they are mostly communists and socialists.
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What makes me truly sad is that the DUemoctratics really don't get it. Just because a thing can be done doesn't mean it should be. ( ie: raising taxes ). ( a corollary to: Not all change is progress(ive))
What we have is a spending problem. Like an alkie congress is addicted to the buzz they get when the go home with the pork. Once you kill the pigs they's all done makin bacon.
Yup, and you have to agree that Liberalism really is a mental diease.They have been doing the same thing for 50+ years and they STILL insist that "it'll work THIS time". Most Libbys I talk to honestly believe this tripe.
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Yup, and you have to agree that Liberalism really is a mental diease.They have been doing the same thing for 50+ years and they STILL insist that "it'll work THIS time". Most Libbys I talk to honestly believe this tripe.
Yep, it's about like a high school janitor believing with all his heart that he knows how to defuse the nuclear warhead better than the bomb technicians. Some things are and will always be over liberals' heads.
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After all, this is what the America haters want. Too downgrade/destroy America. None of the leftists talk about how much money the imposter in the white mosque has spend since he became the "supposed" POTUS. But, they were all over the right wing guys in the White House.
But, then again, those were the days of democrats and republicans. Now they are mostly communists and socialists.
Absolutely!
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We work heavily with the rating agencies and investment bankers in issuing bonds. The sentiment is that the US debt will be downgraded within the next two years. Another first for Obama and any US president. This is fully expected by Wall Street. After all, only Trivial Pursuit experts will remember who the Speaker of the House was 25 years from now. But they'll know that Obama presided over the first downgrade of US debt. Talk about a legacy.
I'll be surprised if our credit rating is not downgraded within the next 2 months.
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I'll be surprised if our credit rating is not downgraded within the next 2 months.
Certainly by the end of the year.
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I'll be surprised if our credit rating is not downgraded within the next 2 months.
Maybe after the super-secret-double-probation committee meets and fails to present any workable cuts to the rest of Congress.
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I'm afraid to look. How bad did the stock market end up closing? It was down over points earlier today.
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I'm afraid to look. How bad did the stock market end up closing? It was down over points earlier today.
It was real bad. The worse it's been since December of 2008.
Disgusting. Really disgusting. :argh: :argh:
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I'm afraid to look. How bad did the stock market end up closing? It was down over points earlier today.
512 points plus the China bond rating agency (Dagong Global) cut our rating from A+ to A. Not good since they own more of our debt than any other country.