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Current Events => The DUmpster => Topic started by: Freeper on August 05, 2011, 08:54:08 PM

Title: If the Bush tax cuts were never extended, the US would have never been downgrade
Post by: Freeper on August 05, 2011, 08:54:08 PM

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Cali_Democrat Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Fri Aug-05-11 09:42 PM
Original message
If the Bush tax cuts were never extended, the US would have never been downgraded
   
Edited on Fri Aug-05-11 09:44 PM by Cali_Democrat
Credit rating agencies warned about the lack of revenue and it's impact on the deficit when the tax cut extension was brokered late last year.

When the new deficit deal contained no additional revenue, a downgrade became inevitable.

See my post from December of last year.

http://www.democraticunderground.com/discuss/duboard.ph...

This is why you don't follow Republican policies.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1674353

Yeah that couple of trillion that you want to suck out of all taxpayers, not just the rich, would have really made a huge difference in our 14.5 trillion deficit.  :whatever:

The fact that the dems spent like crazy has nothing to do with it, it's all them Bush tax cuts.  :thatsright:

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jeanmarc (1000+ posts) Click to send private message to this author Click to add this author to your buddy list Click to add this author to your Ignore list    Fri Aug-05-11 09:44 PM
Response to Original message
1. True, GOP held unemployment benefits hostage to make this happen

You know what DUmmies, the dems held all 3 houses when 0bama compromised and didn't raise taxes on us all.
You would think a sooper genius could have figured out someway to raise taxes before the repukes took over the house, don't get me wrong I'm glad he didn't.

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Cali_Democrat Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Fri Aug-05-11 09:49 PM
Response to Reply #2
3. This is not about S&P
   
It's about absurd tax policies the US has been pursuing for some time now.

If you want to pretend that the Bush tax cuts don't have an extremely negative impact on the deficit, be my guest.

Yet you pretend that spending didn't have an effect. The tax code is absurd just not how you think it is, the rich pay plenty and us not so rich as well.

Title: Re: If the Bush tax cuts were never extended, the US would have never been downgrade
Post by: ChuckJ on August 05, 2011, 10:23:06 PM

Here's what I suggest to the DUmmies that think taxes are such a great thing: get a job so you can pay some.

Title: Re: If the Bush tax cuts were never extended, the US would have never been downgrade
Post by: Mr Mannn on August 06, 2011, 02:56:45 AM

For all their railing against the Bush tax cuts...
The very same rats in charge today PASSED the cuts in 2010!