UpstateNYUPSer(Ret)
Well-Known Member
I would think the use of the term "seismic event" was a poor choice.
S&P Cuts US Credit Rating to AA+
- Thread starter wkmac
- Start date
wkmac
Well-Known Member
Futures have just opened and the DOW is already 211 points in the red before the opening bell. OIL is down 3 bucks a barrel! Gonna be ugly tomorrow!
http://money.cnn.com/data/premarket/
Its too bad political rhetoric is all the republicans have to offer at this point. They better get back to washington and raise revenues before they take the USA completely down the toilet!
Peace.
http://money.cnn.com/data/premarket/
Its too bad political rhetoric is all the republicans have to offer at this point. They better get back to washington and raise revenues before they take the USA completely down the toilet!
Peace.
moreluck
golden ticket member
Does your man (and I use the term loosely) have a plan???? Or is he just along for the ride?
moreluck
golden ticket member
They could've passed a plain old budget and failed to do so.........what like 850 days now??? Something like that.
tourists24
Well-Known Member
Just the Republicans eh? Dem's have it all under control right? Just give em all of the control instead of just 2/3's of it right?
Catatonic
Nine Lives
I believe the Senate and President could still approve the Cut, Cap and Balance that the Repubs sent over a few weeks ago.
That met all the criteria that S&P put down as a must. And it had real cuts in it rather than the crap they all passed and approved which the S&P did not buy either.
wkmac
Well-Known Member
To bad the American voter has yet to learn that both republicans and democrat equally share that common denominator and yet come election day 2012' they'll like mindless morons walk back in and put their hand back into the snake hole to be bit once again!
packageguy
Well-Known Member
If you noticed, since Q2 ended, it was the beginning of this selloff.
I think the rate cut is a joke, all these year of outstanding debt, what would make this special.
I think the rate cut is a joke, all these year of outstanding debt, what would make this special.
NO REVENUE INCREASES and zero prospects of revenue increases in the future (according to the S&P)
If there were revenue increases, this wouldnt have happened. You can bet however, that the BUSH tax cut extension are history when they expire!
Dow is already over 250 points in the hole in overnight trades, people are running for the hills..!
For you retired folks...."ah hem", you will take this downgrade harder than the rest of us, and thats what you get for supporting those that killed the stock market.
Peace.
Babagounj
Strength through joy
" You can bet however, that the BUSH tax cut extension are history when they expire! ".
Correct me if I'm wrong , but didn't they already expire ?
And didn't bhos renew them ?
So these Clinton tax increases , for that is what they really are , will need a new name.
How about calling them " barry's blunder " ?
Correct me if I'm wrong , but didn't they already expire ?
And didn't bhos renew them ?
So these Clinton tax increases , for that is what they really are , will need a new name.
How about calling them " barry's blunder " ?
FAIL!
as usual.
The bush tax cuts were extended for 2 years in 2010. In these upcoming negotiations, tax revenues will be addressed as the republicans now know they screwed the pooch.
Those tax cuts will be allowed to expire and loopholes will be addressed. Thanks for playing the "I dont know jack game".
Peace.
klein
Für Meno :)
Well, well, well, just how well Fox news gives you the news !
WASHINGTON, May 11 (UPI) -- The U.S. tax burden has shrunk to its lowest level in 60 years, the Bureau of Economic Analysis said.
Including state, federal and local taxes, the average tax bill came out to 9.2 percent of personal income in 2009, USA Today reported Tuesday.
That's down from an average of 12 percent over the past 50 years. The tax burden has not been this low since 1950, the newspaper said.
"The idea that taxes are high right now is pretty much nuts," said Michael Ettlinger, head of economic policy at the Center for American Progress.
Read more: http://www.upi.com/Business_News/20...nt-in-years/UPI-74091273594893/#ixzz1UPg62QOp
lowest taxes in 60 years = highest National debt ever (now that doesn't make any sense now, does it ) ?
Including state, federal and local taxes, the average tax bill came out to 9.2 percent of personal income in 2009, USA Today reported Tuesday.
That's down from an average of 12 percent over the past 50 years. The tax burden has not been this low since 1950, the newspaper said.
"The idea that taxes are high right now is pretty much nuts," said Michael Ettlinger, head of economic policy at the Center for American Progress.
Read more: http://www.upi.com/Business_News/20...nt-in-years/UPI-74091273594893/#ixzz1UPg62QOp
lowest taxes in 60 years = highest National debt ever (now that doesn't make any sense now, does it ) ?
wkmac
Well-Known Member
I have a really big bulldozer that is being delivered inside the beltway. I am aiming for Congress first, then the White House. Then, the local waterhole or wherever the lobbyist's hangout is. Have a great day!
Understand your frustration as I'm sure many Americans do and agree with your feelings.
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