Worst congress ever!

[Bishop Hedd]

To quote Sarah "Hows that tea party thing working for ya?"

 

 

http://www.nytimes.com/2011/08/05/us/politics/05poll.html

[/dev/null]

America is yearning for the Golden Years of Fancy Nancy Pelosi

[Bishop Hedd]

America is yearning for the Golden Years of Fancy Nancy Pelosi

Only eight months and the radical congress is on a path to destroy the world economy.

 

 

And Nancy Pelosi is the culprit of course! Why didn't I see that?

[drinkTHEkoolaid]

Only eight months and the radical congress is on a path to destroy the world economy.

 

 

And Nancy Pelosi is the culprit of course! Why didn't I see that?

Isn't it Bushs fault ?

[DC Tom]

Isn't it Bushs fault ?

 

No, we've moved on to "Boner" now. Because penis references are cool.

[Dave_In_Norfolk]

The U.S. government lost its AAA credit rating for the first time in history late Friday, when ratings agency Standard & Poors said the way of doing business in Washington has become so dysfunctional that its analysts have lost confidence in national leaders' ability to craft fiscal policy.

"The political brinkmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective and less predictable than what we previously believed," Standard & Poors said Friday.

 

 

Great job tea party!

[drinkTHEkoolaid]

The U.S. government lost its AAA credit rating for the first time in history late Friday, when ratings agency Standard & Poors said the way of doing business in Washington has become so dysfunctional that its analysts have lost confidence in national leaders' ability to craft fiscal policy.

"The political brinkmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective and less predictable than what we previously believed," Standard & Poors said Friday.

 

 

Great job tea party!

Great job democrats and liberals for refusal to stop unsustainable spending !

[/dev/null]

Only eight months and the radical congress is on a path to destroy the world economy.

 

 

And Nancy Pelosi is the culprit of course! Why didn't I see that?

 

The U.S. government lost its AAA credit rating for the first time in history late Friday, when ratings agency Standard & Poors said the way of doing business in Washington has become so dysfunctional that its analysts have lost confidence in national leaders' ability to craft fiscal policy.

"The political brinkmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective and less predictable than what we previously believed," Standard & Poors said Friday.

 

 

Great job tea party!

 

You guys spent 2 years blaming every obstacle Obama encounters on George W Bush. Now you're laying blame on Boner or the Tea Party in less than half the time you spent blaming Bush

[3rdnlng]

The U.S. government lost its AAA credit rating for the first time in history late Friday, when ratings agency Standard & Poors said the way of doing business in Washington has become so dysfunctional that its analysts have lost confidence in national leaders' ability to craft fiscal policy.

"The political brinkmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective and less predictable than what we previously believed," Standard & Poors said Friday.

 

 

Great job tea party!

 

Yes, the rating was downgraded because Standard and Poor felt that the U.S. government should be borrowing and spending more rather than have some minor sense of reponsibility. The Tea Party really screwed up the rating!

[TheMadCap]

The Tea Party? The F'N Tea Party???? This is your excuse?? What do they have EIGHT members elescted??? How bout the damn Republicans and Democrats who have been !@#$ing up for YEARS????

Edited August 6, 2011 by TheMadCap

[Fezmid]

The U.S. government lost its AAA credit rating for the first time in history late Friday, when ratings agency Standard & Poors said the way of doing business in Washington has become so dysfunctional that its analysts have lost confidence in national leaders' ability to craft fiscal policy.

"The political brinkmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective and less predictable than what we previously believed," Standard & Poors said Friday.

 

 

Great job tea party!

 

Ummm..... S&P said that they cut the rating because of spending... Not because the debt ceiling wasn't raised fast enough, not because we cut too much. The Tea Party wanted to REDUCE SPENDING.... Which is what S&P wanted as well...

 

[....lybob]

Ummm..... S&P said that they cut the rating because of spending... Not because the debt ceiling wasn't raised fast enough, not because we cut too much. The Tea Party wanted to REDUCE SPENDING.... Which is what S&P wanted as well...

 

 

 

In a rather scathing critique of the government's ability to handle public finances, S&P announced that "The political brinkmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective and less predictable than what we previously believed.

 

The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy."

[Magox]

Idiots

 

*sigh*

 

[Reuters) - Standard & Poor's threatened Monday to downgrade the United States' prized AAA credit rating unless the Obama administration and Congress find a way to slash the yawning federal budget deficit within two years.

 

S&P, which assigns ratings to guide investors on the risks involved in buying debt instruments, slapped a negative outlook on the country's top-notch credit rating and said there's at least a one-in-three chance that it could eventually cut it.

 

You wanna know when this happened?

 

check the date out on the link

 

http://www.reuters.com/article/2011/04/18/us-ratings-usa-sp-idUSTRE73H2JT20110418

 

Moody’s Investors Service said it may need to place a “negative” outlook on the Aaa rating of U.S. debt sooner than anticipated as the country’s budget deficit widens.

 

The extension of tax cuts enacted under President George W. Bush, the chance that Congress won’t reduce spending and the outcome of the November elections have increased Moody’s uncertainty over the willingness and ability of the U.S. to reduce its debt, the credit-ratings company said yesterday.

 

This is what Moody's said in January

 

 

Lets be real here, if you morons really believe it's because of the impasse that we recently observed is the reason for the downgrade, then I don't know what to tell you.

 

The downgrade wasn't because of the bickering, it's because the plan that congress and the Obama admistration signed into law was insufficient in the eyes of the ratings agency.

 

Let's face it, the Repubs won't increase any taxes (which is what will HAVE to happen once the economy gets on firmer footing) and the Dem's will only repeal the Bush tax cuts for the wealthy, which makes up a very small portion of the Bush tax cuts. Plus the libs won't seriously address the the entitlement programs, which is a must.

 

Stop being partisan idiots, look at things for what they truly are, to soley blame the tea party for the downgrade makes you look foolish in the eyes of reasonable thinking people.

Edited August 7, 2011 by Magox

[....lybob]

[Magox]

Speakers are out. Regardless, we were downgraded because of our debt and the inability of the White House and Congress to pass meaningful debt reduction and a slow growing economy that isn't able to generate enough revenues to sustain the size of this government.

 

 

Whether you yahoo's like it or not, it's gonna take tax hikes, cuts on spending, Entitlement reform and a growing economy in order to get our fiscal house in order, and it aint gonna happen any time soon.

[DaveinElma]

Speakers are out. Regardless, we were downgraded because of our debt and the inability of the White House and Congress to pass meaningful debt reduction and a slow growing economy that isn't able to generate enough revenues to sustain the size of this government.

 

 

Whether you yahoo's like it or not, it's gonna take tax hikes, cuts on spending, Entitlement reform and a growing economy in order to get our fiscal house in order, and it aint gonna happen any time soon.

 

Tax hikes and a growing economy? That's like saying it's going to take twinkies and some weight loss.

[whateverdude]

Cut first tax later

[Magox]

Actually we shouldnt be cutting or taxing much at all in the near-term. Specially now, look at the economy it's about to fall back into it's sink hole and this ongoing crisis over there in Europe (Italy) is largely to blame for the recent US equity markets woes. My guess is that we won't be seeing a real snap back for some time and unfortunately the US debt situation is gonna get much worse than the W.H's and many economists projections.

 

Cutting and taxing in the near-term is actually worse for the U.S debt, as it inhibits growth. We need to grow the economy first, then cut and tax. Believe it or not, the largest source of near term debt that we have is the lack of revenues raised. And no, it doesn't have to do with the tax rate so much as the lack of growth and drop off in revenues.

 

In the meantime we could do entitlement reform, considering that the cuts in these programs wouldnt be for close to a decade away anyways. We could do tax reform, mainly look to lower corporate tax rates, afterall we now have the highest corporate tax rates in the world, this HAS to change.

 

We could open up more trade agreements with some of our Korean and south american partners. We could set up that infrastructure bank plan that includes the private sector as a partner for our roads and bridges. Remember folks, infrastructure projects such as roads and bridges is the government's responsibility and since it is a NEED, it wouldn't be a bad idea to add more stimulus to the economy in something that is the governments responsibility.

 

We could also loosen up all these stupid regulations that ALL rational economic non partisan minded individuals agree upon. Undoing ObamaCare, loosening up EPA regulations and repealing parts of the Dodd Frank Bill (mainly the Durbin amendment) would definitely be huges positives for the economy. Unfortunately none of these things will happen until Obama leaves office.

Edited August 7, 2011 by Magox

[Bronc24]

Canada still has our AAA rating. And declining unemployment numbers. Thank you, Conservative gov't. Cue the crayonz.

[Magox]

Canada still has our AAA rating. And declining unemployment numbers. Thank you, Conservative gov't. Cue the crayonz.

That's for three main reasons, one, Canadians dont have that innate sense of consumerism as Americans do, so you guys dont so heavily indebted from a personal household level. Two, your government doesn't have an incessant desire for homeownership as we do here, so the subsidies and tax credits are considerably less, not to mention that the banks practice prudence much more so than us, with their higher reserve ratios. In short it means that they deal with alot less leverage than we do. And three, you guys produce a !@#$ load of commodities, so yeah, you guys are currently rolling in it.

Edited August 7, 2011 by Magox