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The credit rating downgrade and the investigation are only loosely related. Standard & Poors and other ratings agencies are deeply implicated in the toxic assets debacle for having knowingly giving top ratings for securities that were worthless.
Standard & Poors tells us right in their erport why they issued a downgraded rating for US T-bills: Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act
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And all we have to do is look at Greece to see how socialism fares for their economy.
No Greece shows us how well countries do where nobody pays their taxes. That's what is bringing Cuba down, just like America is working toward.. Cuba and N.Korea don't show us anything about the weaknesses of socialism. Cuba shows us how remarkably well a country can do when its' not allowed to do commerce with the the worlds' largest economy, 50 miles away. N. Korea isn't even Socialist. It's just strict isolationist totalitarian. |
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Really old news. The United States and the Republic of Korea signed the United States-Korea Free Trade Agreement (KORUS FTA) on June 30, 2007. That's with a 7.
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Eight races at stake. Six of them in bright red districts. Dems win half of them. 30-40 million Koch Brother dollars fail to do the job ($8 million, just in one race? ) Scott Walker's ratings are even lower than any of those Rebublicans'.
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What do we do with the 50% of people in his country who don't pay taxes?
Another one of those right-wing mythologies that has been around way too long. It's just isn't true. |
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Oh, well. Details, details. Who can doubt that Michelle Bachman is still an awesome leader?
Here's a behind-the-scenes video of Bachman preparing for her Newsweek photo shoot |
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Who has been in power since 2009?
It's quite obvious to most rational people who pay attention that the 41 Republicans in the Senate who filibuster everything have been in control. |
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Edited by
artlo
on
Tue 08/16/11 12:17 PM
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The articles I read that quoted the 1 agency that lowered our score (the other 2 didn't) said they lowered it because we didn't cut enough spending. That was their words.
It really is a lot better to read the actual report rather than relying on articles other people have written about the report. The actual statement reads Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.
If it had been me, I would have researched the source myself rather than wait for a liberal to point it out to me. How embarrassing. |
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Where the f**K are you going to raise $1.4 trillion in revenue mr economic genius?
Gosh. I guess we don't have to do it all in one year, but then, that's really not the big question, is it? The big question is, "why would the crazies want to make it even worst by continuing the intransigence on raising revenues"? Unless that was the whole idea all along? |
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The S & P warned our officials what would happen if they didn't cut $2 TRILLION from our spending.
Apparently you never got to the part of the report that put the responsibility for the down-grade squarely on the Republicans for their intransigence in not allowing increases in revenues. |
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The S & P warned our officials what would happen if they didn't cut $2 TRILLION from our spending.
Apparently you never got to the part of the report that put the responsibility for the down-grade squarely on the Republicans for their intransigence in not allowing increases in revenues. |
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Edited by
artlo
on
Mon 08/15/11 05:33 PM
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I just can't believe that average Americans buy into this crap and then continue to suffer the consequences year after year
Most people only believe what somebody told them they heard on the news. They don't listen to real news. The 33 percenters aren't average Americans. They're the ones who are pushing the garbage. |
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Most of us are getting the idea. The 33 percenters never will.
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You also had a trade surplus. That means you had the potential for robust economic growth not to mention the fact that our competition was in ruins. And yet we continued to have robust economic growth up to Reagan.
You also did not have massive unfunded liabilities. Like the GI Bill of
rights? I doubt they were paying in excess of $250 billion per year in Medicaid costs. Easily fixed and managable! Revenues were sufficient to keep the economy charging ahead until Reagan. Which, of course, is the problem we have today. Every objective criterion has demonstrated in bright red numbers that we have a revenue crisis. Any moron who has at least a kindergarten understanding of economics knows that.
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Saying it is the reason we are in debt is claiming that without it we wouldn't be in debt. It is a small portion relative to the total debt. Trying to blame the war for the debt is a bad idea because it focuses on 1 thing that even if we completely fixed wouldn't fix our debt problem
Need we show you the chart yet again? The one that shows the portion of the debt that was caused by the wars and the Bush tax cuts? Then the portion that was caused by the Bush-caused Recession? Or are we just ignoring those things? Are we just saying that these are lies and figments of our imagination? |
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they are almost as bad as someone that thinks increasing your debt to fix an existing debt problem is a good idea.
If we had a true debt crisis, this might not be complete nonsense. The deficit hawks of today have bought so thoroughly into the Koch Brother-financed Corporate hysteria that they ignore history. Today's debt is no where close to where we were at the end of WWII. Keynesian economics got us into an awfully robust period after that, but I guess those guys, FDR, Truman, Eisenhower, Kennedy, Johnson, Nixon, were all just crazy, looney, Marxist-Leftist-Communist Dictators. |
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Those people must have been Marxist, socialist, Communist "fascist" (They like to throw that in, probably just because it sounds really bad), leftist, Dictators. Not to mention, stupid, lying and crazy. Who knew?
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Topic:
T-Paw Pulls OutMakes a Mess
Edited by
artlo
on
Sun 08/14/11 06:48 PM
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Pawlenty isn't nearly goofy, reality-detatched or crazy enough for today's right-wing. Iowa showed us where that mentality is at. That awesome Michelle Bachman is just perfect for the Republican nomination.
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you don't think that is a double standard? he's leading the charge on wasteful government spending, and then charging the government to protect him? No, I don't think it is a double standard. I don't see why Biden should be taking a loss on his rental property just because the Secret Service decided that that's where its agents should be housed.
BTW,Biden is the poorest member of the Senate. Obviously, he be never engaged in all the insider trading that goes on in Congress and he wasn't born with a silver spoon Like Bush was. |
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It is what they deserve. It is what the idiots in the West deserve for meddling and forcing Mubarak out.[.quote]
Wow! I think you have a news scoop! I don't remember anybody in the west meddling and forcing your hero out. Interestingly, the only reference I found on the first page of my Google search were from the WSJ and conservative blogs. I found a much more interesting entry from another blog. With the new political muscle the Salafists showed in Egypt today, the Muslim Brotherhood is the least of our worries. I'm a liberal, Christian Egyptian-American (born in LA but I've been to Egypt many times) and I am horrified at the potential for disaster right now, though I am still trying to be optimistic because I am powerless to change anything (and if the elections put Moussa or El Baradei in power, as I hope they will, all will be well).
The MB, while by no means desirable, is far better than the Salafists--who are radical Islamists sympathetic to Al Qaeda who despise Christians, women, and secularists. The Salafists who were out there were waving purely Islamic and Saudi Arabian flags, none had Egyptian flags--their loyalty is to Islam only. The MB, on the other hand, at least tries to moderate its image, which is in and of itself far more than the Salafists do. Furthermore, because of the relative diversity of the MB and its large professional class, it will maintain relations with the US, will at least attempt some semblance of economic policies, will probably give token concessions and protections to Christians, and will be flexible towards tourists (i.e. allowing alcohol, etc.), none of which can be relied on the Salafists to do, who have already taken vigilante justice in their own hands in towns in Upper Egypt. They publicly advocate returning to Koran-era punishment sanctioned by Shariah (possibly the most anti-democratic legal code in the history of mankind). You should also cover what happened in the border town of El-Arish, which is on the Gaza border. One hundred and fifty masked gunmen, many of whom had beards and were waving black Islamic flags and chanting Islamic slogans, went on a rampage. They tried to burn down a statue of Anwar Sadat and attacked two police stations and in the process killed anywhere from two to seven civilians, injuring many more. I hope this gets publicized in the West. These Salafists, are a cross between Hamas, Iran, and the Taliban. They are repulsive, and must be stopped at all costs. Those who love freedom and human life must stop at nothing to prevent the Salafists from realizing any power. http://www.theatlantic.com/international/archive/2011/07/the-danger-of-rising-salafism-in-egypt/242846/ |
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