Bad credit. NF. Booting bureaucrats with ZERO private sector experience, and replacing them with leaders that do. TFM. Next November can’t come soon enough. I’m going to side step all of that…v
How is that Obama’s fault? The Teabaggers shamelessly refused to pass a deal unless they pretty much got exactly what they wanted. Well they did get what they wanted. And now we’re stuck with a AA+ rating in response.
The Tea Party did not get what they wanted. There were practically no cuts, and Congress raised the debt ceiling. Before you try to insult us, maybe you should brush up on the facts.
It clearly is the Tea Partiers fault. The S&P outlined the fact that the teabaggers did not want to raise revenues as one of the reasons of downgrading the debt ceiling. The only way that the debt will be payed down with out hurting the economy is a balanced approach with equal spending cuts and revenue increases.
The S&P had given a year’s warning that the US was at risk of having it’s credit score lowered, it was both party’s faults in terms of waiting until the last minute to do something about the situation. However, it was Obama and the Democrats’ senseless spending and shitty budgeting that got us in the situation we’re in now.
Dustin BROwn, its not just straight up tax hikes, its closing loopholes so corporations can’t pay ZERO in income taxes. Its ending oil and farm subsidies. Those are not broad based tax hikes, those are closing loopholes that don’t help the overall economy and only favor special interests.
When the fuck are people going to realize that corporations do not pay taxes? Either the stockholders, the consumers, or the workers pay the taxes of corporations.
You want revenue without punishing the rich, bring in the FairTax.
Dustin, why are you so eager to retort to “you liberal geed” insults? Most of the people on this site and even, I would guess, most of the people who criticize the tea party here are republicans who recognize the importance of things like compromise and common sense. Revenue increases are necessary, as are spending cuts. What isn’t necessary are the little bitches in congress holding the nation at ransom till they get absolutely everything they want. That shit’s just ridiculous.
Dustin BROwn…confused there, as EVERYTHING was a cut. There was no increased revenue, only less expenses. Boehner himself said that he got “90%” of what he wanted. So then, I don’t see why he can’t man up and take 90% of the responsibility for weakening this country like a grade-A douche.
the only spending they cut was from future proposed spending. its all politics no one actually cares about fixing it they just want to say whatever it takes to keep getting elected
I think there’s plenty of blame to go around. It starts with partisan politics paralyzing our legislative bodies to the point where they can’t make simple decisions without damn near declaring war on each other. Part of the blame rests with a few green Tea Party members who essentially hijacked the debt debate until they got what they wanted. Another large part rests with the Dems who flat out refused any kind of reform to their precious entitlement programs. A final part rests with the dumbasses at S & P who also said that fannie, freddie, sallie, AIG, etc were all AAA investments and healthy as a horse just before they tanked and took the economy with them. Trying to blame just one group for this whole disaster is foolish and naive, we have a dangerous financial situation that needs to be resolved, this blame game gets us nowhere.
It’s not just the Tea Party’s fault. If Obama had offered a deal with at least double the budget cuts, maybe the GOP would have considered allowing a temporary tax increase and close more tax loopholes to help close the deficit. I’ll bet we could cut out 50% of Federal government spending and most of the country would not even notice. Both sides were timid about their approach, and our generation will pay the price.
Honestly, ask anyone on the street and they’ll tell you there’s a reason these “expert credit analysts” are working for S&P (Moody’s and Fitch included). If they were actually good at their job they wouldn’t be working at a fucking rating agency. Might make short term spreads change but traders will lap this shit up for the arb opportunities.
^you sound like a raging idiot. Liberals do not run the government right now, Republicans have majority in the House. and the president has little real power to affect policy other than the veto which he did not threaten to use on this debate
^They did do a lot of damage before the midterm elections. That is probably what he is referring to. The multiple Stimulus packages, as well as other spending they forced through, amounted to more than Bush spent in his two terms combined. Deficit spending of that magnitude should have earned us the downgrade back in 2009.
Its about time our credit got downgraded. We were a couple of days from default and still had AAA bond status, if you know anything about fixed income securities its a complete joke we had such good debt rating.
S&P cited estimates that U.S. government debt would balloon to 79% of the size of the entire U.S. economy by 2015, and 85% by 2021 — a level S&P says is consistent with AA+ rated countries.
I’m going to grad school outside the U.S., fuck this.
S&P Frathundred
14 years ago at 3:06 pmBad credit. NF. Booting bureaucrats with ZERO private sector experience, and replacing them with leaders that do. TFM. Next November can’t come soon enough. I’m going to side step all of that…v
14 years ago at 6:53 pm^agreed
14 years ago at 9:06 pmNo. Fuck Geithner and Obama and our irresponsible Congress.
14 years ago at 3:20 pmHow is that Obama’s fault? The Teabaggers shamelessly refused to pass a deal unless they pretty much got exactly what they wanted. Well they did get what they wanted. And now we’re stuck with a AA+ rating in response.
14 years ago at 3:33 pmThe Tea Party did not get what they wanted. There were practically no cuts, and Congress raised the debt ceiling. Before you try to insult us, maybe you should brush up on the facts.
14 years ago at 3:50 pmAnother thing that the Tea Party wanted was a Balanced Budget Amendment, which they did not get.
14 years ago at 3:56 pmits the S&P’s fault…. http://www.treasury.gov/connect/blog/Pages/Just-the-Facts-SPs-2-Trillion-Mistake.aspx
14 years ago at 4:04 pmIt clearly is the Tea Partiers fault. The S&P outlined the fact that the teabaggers did not want to raise revenues as one of the reasons of downgrading the debt ceiling. The only way that the debt will be payed down with out hurting the economy is a balanced approach with equal spending cuts and revenue increases.
14 years ago at 5:54 pmpat mcRoch, Obama’s administration just wanted a scapegoat for the downgrade and so they blamed the $2 trillion mistake but S&P retorted that there was a variety of other factors that caused them to downgrade us, like the political gridlock and fiscal path of the U.S.
14 years ago at 6:15 pmhttp://www.foxnews.com/politics/2011/08/06/credit-ratings-agency-defends-downgrade-us-debt/
The S&P had given a year’s warning that the US was at risk of having it’s credit score lowered, it was both party’s faults in terms of waiting until the last minute to do something about the situation. However, it was Obama and the Democrats’ senseless spending and shitty budgeting that got us in the situation we’re in now.
14 years ago at 6:19 pmBoston BroSox, why is it that you, the Democrats, and the liberal media disguise the fact that increases in revenue equals increases in taxes?
14 years ago at 6:35 pmDustin BROwn, its not just straight up tax hikes, its closing loopholes so corporations can’t pay ZERO in income taxes. Its ending oil and farm subsidies. Those are not broad based tax hikes, those are closing loopholes that don’t help the overall economy and only favor special interests.
14 years ago at 7:23 pmWhen the fuck are people going to realize that corporations do not pay taxes? Either the stockholders, the consumers, or the workers pay the taxes of corporations.
14 years ago at 8:42 pmYou want revenue without punishing the rich, bring in the FairTax.
Dustin, why are you so eager to retort to “you liberal geed” insults? Most of the people on this site and even, I would guess, most of the people who criticize the tea party here are republicans who recognize the importance of things like compromise and common sense. Revenue increases are necessary, as are spending cuts. What isn’t necessary are the little bitches in congress holding the nation at ransom till they get absolutely everything they want. That shit’s just ridiculous.
14 years ago at 8:48 pmFair Tax. Do it.
14 years ago at 9:33 pmDustin BROwn…confused there, as EVERYTHING was a cut. There was no increased revenue, only less expenses. Boehner himself said that he got “90%” of what he wanted. So then, I don’t see why he can’t man up and take 90% of the responsibility for weakening this country like a grade-A douche.
14 years ago at 9:37 pmthe only spending they cut was from future proposed spending. its all politics no one actually cares about fixing it they just want to say whatever it takes to keep getting elected
14 years ago at 1:31 amI think there’s plenty of blame to go around. It starts with partisan politics paralyzing our legislative bodies to the point where they can’t make simple decisions without damn near declaring war on each other. Part of the blame rests with a few green Tea Party members who essentially hijacked the debt debate until they got what they wanted. Another large part rests with the Dems who flat out refused any kind of reform to their precious entitlement programs. A final part rests with the dumbasses at S & P who also said that fannie, freddie, sallie, AIG, etc were all AAA investments and healthy as a horse just before they tanked and took the economy with them. Trying to blame just one group for this whole disaster is foolish and naive, we have a dangerous financial situation that needs to be resolved, this blame game gets us nowhere.
14 years ago at 11:57 amIt’s not just the Tea Party’s fault. If Obama had offered a deal with at least double the budget cuts, maybe the GOP would have considered allowing a temporary tax increase and close more tax loopholes to help close the deficit. I’ll bet we could cut out 50% of Federal government spending and most of the country would not even notice. Both sides were timid about their approach, and our generation will pay the price.
14 years ago at 12:56 pmHonestly, ask anyone on the street and they’ll tell you there’s a reason these “expert credit analysts” are working for S&P (Moody’s and Fitch included). If they were actually good at their job they wouldn’t be working at a fucking rating agency. Might make short term spreads change but traders will lap this shit up for the arb opportunities.
14 years ago at 2:17 pmAA+ is not TFTC. This is some bullshit
14 years ago at 3:26 pmIn this market its more like some bearshit
14 years ago at 3:36 pm^I applaud you sir
14 years ago at 4:05 pmWll done sir ^
14 years ago at 6:05 pm^ excellent
14 years ago at 6:27 pmI like your style, Damn Right.
14 years ago at 6:45 pmThis is what happens when you put a Ni66er Muslim in office, and let Libturds run government.
14 years ago at 7:42 pm^you sound like a raging idiot. Liberals do not run the government right now, Republicans have majority in the House. and the president has little real power to affect policy other than the veto which he did not threaten to use on this debate
14 years ago at 8:49 pm^They did do a lot of damage before the midterm elections. That is probably what he is referring to. The multiple Stimulus packages, as well as other spending they forced through, amounted to more than Bush spent in his two terms combined. Deficit spending of that magnitude should have earned us the downgrade back in 2009.
14 years ago at 12:59 pmAA+ sounds good to me. The best I’ve ever gotten was just an A+
14 years ago at 3:37 pmthis guy
14 years ago at 5:14 pmTesting positive for Advanced Alzheimers. FaF
14 years ago at 3:40 pm^this
14 years ago at 4:25 pmI may have Alzheimer’s but at least I don’t have Alzheimer’s.
14 years ago at 6:47 pmI can’t remember if I have Alzheimers
14 years ago at 7:50 pmLosing AAA is the worst thing to happen in a long time and both parties are at fault.
14 years ago at 4:23 pmIts about time our credit got downgraded. We were a couple of days from default and still had AAA bond status, if you know anything about fixed income securities its a complete joke we had such good debt rating.
14 years ago at 4:48 pmNext stop: banana republic
14 years ago at 4:24 pmWhat a shitty TFM. Being downgraded is far from TFTC.
14 years ago at 4:57 pmWould you prefer FaF?
14 years ago at 5:10 pm^this
14 years ago at 6:27 pmThere is a point where TFTC becomes a total geed move…and this is the point.
14 years ago at 7:13 pmI guess if your name was SEC 1885 you’d realize this is a fucking awful thing.
14 years ago at 7:34 pmS&P cited estimates that U.S. government debt would balloon to 79% of the size of the entire U.S. economy by 2015, and 85% by 2021 — a level S&P says is consistent with AA+ rated countries.
I’m going to grad school outside the U.S., fuck this.
14 years ago at 8:04 pmGrad school in Canada at McGill or other top institutions looks just as good on a resume and costs a lot less then in the USA.
14 years ago at 8:17 pmHey are you West Coast Jimmy?
14 years ago at 8:18 pmIt also cost cheaper to be a gay in canada as well.
14 years ago at 8:18 pm^ just because of the exchange rate, bro
14 years ago at 11:37 pmi wish the gays would think of someone besides themselves for once, were in this recession together
14 years ago at 10:53 am