Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
S&P Cuts US Credit Rating to AA+
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="The Other Side" data-source="post: 864133" data-attributes="member: 17969"><p><span style="color: #ff0000"><strong><span style="font-size: 15px">FAIL! </span></strong></span><strong><span style="font-size: 15px"><span style="color: #000000"><span style="font-size: 12px"></span></span></span></strong></p><p><strong><span style="font-size: 15px"><span style="color: #000000"><span style="font-size: 12px"></span></span></span></strong></p><p><strong><span style="font-size: 15px"><span style="color: #000000"><span style="font-size: 12px"></span></span></span></strong><span style="font-size: 15px"><span style="color: #000000"><span style="font-size: 12px">Standard and Poors disagrees with you MORELUCK. They were very clear in their statement. The failure of congress to make "effective" cuts and RAISE REVENUES was the reason for the downgrage.</span></span></span></p><p><span style="font-size: 15px"><span style="color: #000000"><span style="font-size: 12px"></span></span></span></p><p><span style="font-size: 15px"><span style="color: #000000"><span style="font-size: 12px">The partisan positioning of the republicans in failing to compromise and INCLUDE additional revenues contributed to the downgrade. From the S&P:</span></span></span></p><p><span style="color: #000000"><span style="font-size: 12px">""We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements<span style="font-size: 18px"><strong>, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.</strong></span> We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.""</span></span></p><p><span style="font-size: 15px"><span style="color: #000000"></span></span></p><p><span style="font-size: 15px"><span style="color: #000000"></span></span></p><p><span style="font-size: 15px"><span style="color: #000000">Standard and Poors wanted to see effective tax revenues increased as well as spending cut and NOT JUST spending cuts as the tea party republicans insisted.</span></span></p><p><span style="font-size: 15px"><span style="color: #000000"></span></span></p><p><span style="font-size: 15px"><span style="color: #000000">The republicans have ruined this economy as an act of sabotage against our president and now YOU ALL get to pay for it. Congratulations.</span></span></p><p><span style="font-size: 15px"><span style="color: #000000"></span></span></p><p><span style="font-size: 15px"><span style="color: #000000">The only way to fix this now is to return to congress and kill the bush tax cuts for the top 1% which NONE of you belong to. Standard and Poors will upgrade the rating once tax increases have been met.</span></span></p><p><span style="font-size: 15px"><span style="color: #000000"></span></span></p><p><span style="font-size: 15px"><span style="color: #000000">Todays new polling shows over 70% of americans believe the republicans are responsible for what is happening. Only 44% blame Obama, whos winning this argument?</span></span></p><p><span style="font-size: 15px"><span style="color: #000000"></span></span></p><p><span style="font-size: 15px"><span style="color: #000000">Peace.</span></span></p><p><span style="font-size: 15px"><span style="color: #000000"></span></span></p></blockquote><p></p>
[QUOTE="The Other Side, post: 864133, member: 17969"] [COLOR=#ff0000][B][SIZE=4]FAIL! [/SIZE][/B][/COLOR][B][SIZE=4][COLOR=#000000][SIZE=3] [/SIZE][/COLOR][/SIZE][/B][SIZE=4][COLOR=#000000][SIZE=3]Standard and Poors disagrees with you MORELUCK. They were very clear in their statement. The failure of congress to make "effective" cuts and RAISE REVENUES was the reason for the downgrage. The partisan positioning of the republicans in failing to compromise and INCLUDE additional revenues contributed to the downgrade. From the S&P:[/SIZE][/COLOR][/SIZE] [COLOR=#000000][SIZE=3]""We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements[SIZE=5][B], or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.[/B][/SIZE] We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.""[/SIZE][/COLOR] [SIZE=4][COLOR=#000000] Standard and Poors wanted to see effective tax revenues increased as well as spending cut and NOT JUST spending cuts as the tea party republicans insisted. The republicans have ruined this economy as an act of sabotage against our president and now YOU ALL get to pay for it. Congratulations. The only way to fix this now is to return to congress and kill the bush tax cuts for the top 1% which NONE of you belong to. Standard and Poors will upgrade the rating once tax increases have been met. Todays new polling shows over 70% of americans believe the republicans are responsible for what is happening. Only 44% blame Obama, whos winning this argument? Peace. [/COLOR][/SIZE] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
S&P Cuts US Credit Rating to AA+
Top