S&P Downgrades US Debt Rating

Bamaro

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Oct 19, 2001
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My comprehension is fine. Maybe it's you who has a problem expressing what it is you mean. My point is if congress does what it needs to do to create jobs then they will be taking a step towards helping with the deficit problem. In your first statement you said that what we needed to do to help the deficit problem wasn't good for creating jobs. Then you agreed with what I said. There is no consistency in your two statements.
Well, if you cant see how jobs programs will add to the debt, you arent looking. Sure if you do create jobs that goes a long way to decreasing the deficit but that costs money. If it were as easy as you seem to think it is everybody would have the job they want and the debt would be headed to zero. Before you tell me to just cut taxes, we have done that and we still are in this mess. Wake up and smell the coffee.
 

cbi1972

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Well, if you cant see how jobs programs will add to the debt, you arent looking. Sure if you do create jobs that goes a long way to decreasing the deficit but that costs money. If it were as easy as you seem to think it is everybody would have the job they want and the debt would be headed to zero. Before you tell me to just cut taxes, we have done that and we still are in this mess. Wake up and smell the coffee.
Incentivize personal responsibility.
Wean people from the government teat.
Get rid of the Federal Reserve.
Get out of the Middle East.
Stop searching grannies' diapers at airports.
 

bamacon

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I agree but isn't that in a sense a temporary fix? The permanent fix is getting manufacturing jobs and skilled labor service jobs BACK in this country so that a person can get a good job without having a masters degree from a college. IMO, the long term "fix", if we can call it that, is to get real jobs back in this country.
That will not happen with Democrats or Repubicans period. Corporate taxes would have to be slashed So much Dems bones would hurt. You would also have to literally abolish the EPA and the NLRB. Don't forget it would also include needing to repeal Obamacare and close the border with Mexico. The illegals would also need to disappear. Then it might happen.
 

Tidewater

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The ideological forebears of the Progressives were the Populists who tried to stop bankers from screwing the little guy. The Populists, however, ended up nominating a banker as the Vice Presidential Candidate in 1896. Fast forward twenty years, and the descendants of the Populists, the Progressives create a system in which bankers control the banking system, sort of like the fox guarding the hen house. Way to go, Woodie! That was some "Progress."
 

swoop10

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Well, if you cant see how jobs programs will add to the debt, you arent looking. Sure if you do create jobs that goes a long way to decreasing the deficit but that costs money. If it were as easy as you seem to think it is everybody would have the job they want and the debt would be headed to zero. Before you tell me to just cut taxes, we have done that and we still are in this mess. Wake up and smell the coffee.
Jobs programs............what a joke. We already had jobs programs with the porkulas bill and it didn't work. We haven't cut taxes since '03 so we haven't already done that. The person who needs to wake up and smell anything is you. You need to stop believing that the government is the end all be all and start believing in the people of this country. We need to get ourselves out of this mess not the government. They need to get out of the way.
 

Shortround

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Aug 5, 2009
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Jobs programs............what a joke. We already had jobs programs with the porkulas bill and it didn't work. We haven't cut taxes since '03 so we haven't already done that. The person who needs to wake up and smell anything is you. You need to stop believing that the government is the end all be all and start believing in the people of this country. We need to get ourselves out of this mess not the government. They need to get out of the way.
I don't see how talking points are going to solve anything. Cutting military spending and wind down the wars and use that money to pay of the Treasury Bonds. That would solve a few problems.
 

swoop10

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I don't see how talking points are going to solve anything. Cutting military spending and wind down the wars and use that money to pay of the Treasury Bonds. That would solve a few problems.
I'm not sure who's talking points you think I'm using but whatever. I can agee with cutting military as long as we cut atleast as much entitlement programs. I also agree with winding down the wars, since we are now in a third one. I also think we need to reform the tax system as to where everyone has some real skin in the game.

You can call it talking points if you like but if the government would get out of the way people would create jobs. I still think most people want to work and live a life where they have choices.
 

Shortround

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Aug 5, 2009
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I'm not sure who's talking points you think I'm using but whatever. I can agee with cutting military as long as we cut atleast as much entitlement programs. I also agree with winding down the wars, since we are now in a third one. I also think we need to reform the tax system as to where everyone has some real skin in the game.

You can call it talking points if you like but if the government would get out of the way people would create jobs. I still think most people want to work and live a life where they have choices.
Saying "The government needs to get out of the way and let the people create jobs" is a talking point. It's a broad statement that solves absolutely nothing.
Now, the US can afford to cut on military spending and keep healthcare and other social programs. Start taxing the upper classes and cut expenses on dead in government positions.
 
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RollTide2U

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Oct 30, 2010
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Well, if you cant see how jobs programs will add to the debt, you arent looking. Sure if you do create jobs that goes a long way to decreasing the deficit but that costs money. If it were as easy as you seem to think it is everybody would have the job they want and the debt would be headed to zero. Before you tell me to just cut taxes, we have done that and we still are in this mess. Wake up and smell the coffee.
Tell you what. I heard Neil Cavuto interviewing the CEO of Hardee's/Carl's Jr. hamburger chain today. It was right after the Fed announced that interest rates would remain the same through 2013 and then there was a rally. They were talking about how that made the market jump over 200 points in about an hour or so. Why? Because Bernanke understood one thing when he made that statement. He understood that the market and businesses need some stability to rely on.

That's what's missing. Businesses need stability. It's hard to be in business and try to project what costs are going to be. Give them a small morsel of stability like interest rates remaining the same for the next 2 years and watch them relax and settle in a little more. And that's Obama's problem. He keeps saying he's going to raise taxes. No one is completely sure what sort of new hidden costs are in Obamacare. Businesses have to PLAN for these things as best they can. If they think he's going to raise taxes, they have to hold up and wait and see if that happens before they hire anyone or invest in equipment, etc. They're in a holding pattern right now because they don't know what's coming. That's our main problem right now, and that's a huge part of what Obama is doing wrong. They never know what's coming - what regulation, what new tax. THAT is most of the problem.
 

bamacon

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Saying "The government needs to get out of the way and let the people create jobs" is a talking point. It's a broad statement that solves absolutely nothing.
Now, the US can afford to cut on military spending and keep healthcare and other social programs. Start taxing the upper classes and cut expenses on dead in government positions.
Let's cut the military altogether. That will save about 20% of the budget. Entitlements as they exist today are over 60%. I don't know what planet you reside but Medicare and SS are about to devour this country. This spending issue we have now ain't nothin. You can replace our military SEALS with rock throwing 12 year olds like other 3rd world countries but it won't save your precious social programs. Those my good sir are sitting on a big bomb and it is about out of digits.
 

MDBSnare

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FYI - the fiscal gap, in present value terms is $411,000,000,000,000. Bamaro and the like really need to wake up. Seriously, before posting anymore - look at Argentino over the last 20 years, and tell me (after studying) where we are headed...

My Ph.D is in Finance. We are in very serious trouble. Liberals and muslims are destroying us from the top down. We have apexed as a superpower. In the next few years, look for hyperinflation, riots and a discredited US dollar.

People wanted "change" - well thanks to the stupid, fat, ignorant, welfare voters for making this a reality, Again, several of us warned about this before Hussein took office...we were chastised. Well, welcome to the new Socialists States of America.

I truly despise all of you liberal ignorant troglodytes. Please STOP breeding and for the love of God, please stop voting until you know basic economic theory and fiscal policy....

Rant over...:eek::confused:
 
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swoop10

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Talk about spouting talking points...that's a load of them. Platitudes and no substance.
Exactly, and notice how the side who always says we have to compromise really means the right should compromise. According to Shortround the only cuts we should have is military and we should raise taxes. Sounds like a great compromise for them. :rolleyes:
 

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