Is the Tea Party to Blame for S&P's downgrade?

Originally posted by neo96
reply to post by macman

 

sorry i was busying shoveling all the blame out of my front drive

how real those shovel ready projects were

go Teaparty!

edit on 6-8-2011 by neo96 because: (no reason given)

Now that was funny.

Must have been 2 stories high.

It is all your fault Neo!!

The tea-party is not a scape goat. Look i think they may have good intentions at heart but forcing an unnecessary crisis that is going to leave many voters jobless and leave the USA on the brink of another collapse is off. The tea party wanted to dance to the tune of David Beers for what reason i do not know...however someone did not mince his words about the tea party ( he was way off too- i dont even know why his article was published)

You know what they say: Never negotiate with terrorists. It only encourages them.

These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people... But they didn’t care. Their goal, they believed, was worth blowing up the country for, if that’s what it took.

Like ideologues everywhere, they scorned compromise. When John Boehner, the House speaker, tried to cut a deal with President Obama that included some modest revenue increases, they humiliated him.

For the record, here is my complete original post in another thread:

Maybe the OP should read the ACTUAL report that was published by S&P as to why they downgraded the US.

It is only 8 pages long.
(This is the revised report that takes the $2 Trillion 'whoops' into account)

Downgrade Rationale Report

The political brinksmanship of recent months highlights what we see as America's governance and policy making becoming less stable, less effective, and less predictable than we had previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.

It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

They, quite clearly, implicate all political parties for this boondoogle.

They only mention the tax cuts as letting them expire would be a quick and easy way to increase revenues, if all else remains equal. They do not believe that that alone will solve the problem.

Originally posted by LiveEquation
The tea-party is not a scape goat. Look i think they may have good intentions at heart but forcing an unnecessary crisis that is going to leave many voters jobless and leave the USA on the brink of another collapse is off. The tea party wanted to dance to the tune of David Beers for what reason i do not know...however someone did not mince his words about the tea party ( he was way off too- i dont even know why his article was published)

You know what they say: Never negotiate with terrorists. It only encourages them.

These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people... But they didn’t care. Their goal, they believed, was worth blowing up the country for, if that’s what it took.

Like ideologues everywhere, they scorned compromise. When John Boehner, the House speaker, tried to cut a deal with President Obama that included some modest revenue increases, they humiliated him.

edit on 6-8-2011 by LiveEquation because: (no reason given)

edit on 6-8-2011 by LiveEquation because: (no reason given)

WOW, did you pay royalties to all the Liberal Pundits for plagiarizing their talking points????

Of course it could have nothing to do with the last forty years of deficit spending, over borrowing, government waste, and fiscal irresponsibility... But hey blaming the so called tea party for everything seems to be the latest distraction tactic by the republicrats/demopublicans.

So now the tea party will become associated with being bad when it is one of our finer moments in American history leading to independence. Just like they have made seeking truth bad and ridiculed. The question is how stupid is the majority of people? What else can they demonize? Next thing you know babies will be deemed as devils... Sigh!

Peck you are right. It was all parties fault. I don't favor Obama at all but atleast once again he tried. I know he is far from a Saint but you know he's not failing from a lack of trying.

I'm happy the America got down graded. It finally shows the world we have a corrupted broken political system. We should have a universal healthcare system (we are the only backass country in the world who doesn't have a form of it). Taxes breaks should be gone. Debt should be down atleast by 4 trillion if not more. Tax loopholes should be tightened.

Dems party quote should be "Give all and take nothing in return. What? You want more? Here take my balls and backbone as well... will you vote for the bill now?"

GOP party quote should be "Screw America! My Corporate Voters say I shouldn't vote that way!"

Tea Party quote should be "Don't Retreat.....umm.... Take away his blank..... Give me a second..... whats our stupid slogan for this week?"

Originally posted by macman

Originally posted by neo96
reply to post by macman

 

sorry i was busying shoveling all the blame out of my front drive

how real those shovel ready projects were

go Teaparty!

edit on 6-8-2011 by neo96 because: (no reason given)

Now that was funny.

Must have been 2 stories high.

It is all your fault Neo!!

But since it is BS...can we use it as fertilizer for our organic farms?

Just wondering...since BS appears to be free....though my uncle still charges for it.

reply to post by TimesEnd


Star for you!

As a Canadian, I have no real horse in this race, however, a prosperous and stable America is good for Canada.

I really don't know how people expected Obama to 'fix' this problem? It is a problem that has taken upwards or 40 years (some would say almost 100 years) to create...no person could ever hope to fix it in 4.

And I feel for him on a personal level, he seems to spend just as much time arguing with his own Democrat congress members as he does with the Republicans. That could be media interpretation though, he is considered favourable by many Canadian media outlets.

OP, outrageous post, outrageus allegations, completely liberally biased, and completely wrong. Congratulations. You believed the Liar and his Big Lie.

Originally posted by LiveEquation
The tea-party is not a scape goat. Look i think they may have good intentions at heart but forcing an unnecessary crisis that is going to leave many voters jobless and leave the USA on the brink of another collapse is off. The tea party wanted to dance to the tune of David Beers for what reason i do not know...however someone did not mince his words about the tea party ( he was way off too- i dont even know why his article was published)

You know what they say: Never negotiate with terrorists. It only encourages them.

These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people... But they didn’t care. Their goal, they believed, was worth blowing up the country for, if that’s what it took.

Like ideologues everywhere, they scorned compromise. When John Boehner, the House speaker, tried to cut a deal with President Obama that included some modest revenue increases, they humiliated him.

edit on 6-8-2011 by LiveEquation because: (no reason given)

edit on 6-8-2011 by LiveEquation because: (no reason given)

You seem to forget that the Tea Parties formed after the baillouts of big bankers and giant corporations using taxpayer monies, after the ACORN scandals, SEIU thug beatings of innocent people, failed stimulus policies, and general overspending and govt waste, not to mention the understanding that the current Prez is hugely Marxist and Socialist, a Globalist and CFR member, and a self proclaimed Citizen of the World who refused to wear an American flag pin on his lapel. That should have been a warning to every red blooded American, and it was, hence the Tea Parties. Only self-serving liberals are still on board with him.

Originally posted by LiveEquation

Originally posted by beezzer
PEOPLE should spend. Governments should not.
Again, you're endorsing keynesian ecnomics. Fine. I get it. For you; taxes good, spending cuts bad.

It's just a good thing not everyone thinks as you do.

OK, so government cutting spending means that government should cut down jobs? Due to the tea party the government has actually been cutting down jobs and adding to the unemployed.

read his article below: Government cutting spending

Yes i am a proponent of keynesian ecnomics or mixed economic for obvious reasons

edit on 6-8-2011 by LiveEquation because: (no reason given)

Only govt jobs hon. Since that is the only kind of job govt creates, and pays for with your tax money, that is if you pay taxes.

I'm not a Tea Bagger, Repub, or a Dem. I see things for what they are. Special interests and Corporate America control our political system. "We the people" got change along time ago to "We the Corporate America Inc."

If you want to solve the debt crisis think of how you run your home. Very simple. If you make 2k a month and your bills and toys cost 5k mnth. You either need to cut back your spending back to 2k mnth. The other is increase your income by taking a second job, or ask for a raise so you can pay the 5k a mnth. Or you can do both increase your income and cut back and live within your means.

But what happened was, due to all parties involved, We won't increase income but we will cut back. But instead of living within our means (Per S&P's request) we just stopped ordering pizza on Friday night which just brought the spending down by $80 a mnth so now we just have to cover the $4,920.

Wheres my credit card? I have a craving for pizza.

This is really awkward, almost every person in here actually thanks the tea party for what it did. what really will be the consequences of what the tea party did?

-The shorts will be happy come Monday!
-Dollar will face will face pressure next week
-over time, the downgrade could push up borrowing costs for the U.S. government, costing taxpayers tens of billions of dollars a year.
-It could also drive up interest rates for consumers and companies seeking mortgages, credit cards and business loans.
-A downgrade could also have a cascading series of effects on states and localities … These governments could lose their AAA credit ratings as well, potentially raising the cost of borrowing for schools, roads and parks

You guyz are all correct about trying to do something about the USA debt.I guess it was gonna happen at some point

Some points to consider:

It’s still a fact that George Bush is more responsible for the debt and deficit than Barack Obama. All the falsehoods by people here won’t change that. www.dailykos.com...

The downgrade actually has nothing directly to do with the budget or debt what it has to do with is growth and merely cutting and taxing or no-taxes has an effect on growth but doesn’t alone determine GDP.

Any economists will tell you that you need a balanced approach not a one-sided monstrosity like the tea party agenda.

Recall that the last time we had no deficit was under the democrat Bill Clinton and it was the republican George Bush who sent the debt into the stratosphere with tax cuts for the rich and the Iraq war

My OP has already determined the quilt of the tea party, as I refuted all comers and tea party lovers who couldn’t answer the logic of the OP and only avoided its facts.

www.abovetopsecret.com...


Just the facts man
Inforeal!

Originally posted by inforeal
Some points to consider:

It’s still a fact that George Bush is more responsible for the debt and deficit than Barack Obama. All the falsehoods by people here won’t change that. www.dailykos.com...

The downgrade actually has nothing directly to do with the budget or debt what it has to do with is growth and merely cutting and taxing or no-taxes has an effect on growth but doesn’t alone determine GDP.

Any economists will tell you that you need a balanced approach not a one-sided monstrosity like the tea party agenda.

Recall that the last time we had no deficit was under the democrat Bill Clinton and it was the republican George Bush who sent the debt into the stratosphere with tax cuts for the rich and the Iraq war

My OP has already determined the quilt of the tea party, as I refuted all comers and tea party lovers who couldn’t answer the logic of the OP and only avoided its facts.

www.abovetopsecret.com...


Just the facts man
Inforeal!

The reason there was no deficit under Clinton was because of Contract with America a bill he signed that Newt and the Republicans put forth. Keep bending and twisting it and it will look like what you want.

reply to post by LiveEquation

Is the Tea Party to blame for S&P's downgrade?

Of course....

They are to blame for all kinds of things, like global warming, famine in Ethiopia, Michael Jackson's overdose, the assassination of JFK, the sex juice on Monica Lewinski's blue dress, lung cancer, and my next-door-neighbor's cousin's diarrhea.

There's more, but I'm trying to get my list in chronological order. Be right back.

reply to post by professornurbs


Clinton at least had the balls to tax the rich, that’s is the greatest thing that contributed to his balanced budget that those guys you mentioned all said (his economic bill), that raised taxes on the rich, would bring disaster to the economy. In fact it was the beginning of an economic windfall that republican Bush inherited and ruined.
BUSH DID TARP AND IRAQ AND TAX CUTS FOR THE RICH NOT OBAMA

Originally posted by wasco2

Originally posted by Carseller4
This would not have happened if "Cut, Cap, and Balance" was passed. This is what the TEA Party wanted, and Obama and his minions stopped it.

This.

S&P, and the other credit rating agencies, told the fed.gov several times if they raised the debt ceiling the US credit rating would be cut. They raised it anyway. More cuts to the military are foolish and short sighted. We are going to have to make serious cuts to Medicare/Medicaid and Social Security or risk national bankruptcy. Repealing all of Obamacare would be a good idea too.

The Tea Party is not to blame. Tax and Spend Democrats, as usual, are to blame.

No the out of control defense budget needs to be cut by at least 40%. We could do this and still be out spending the rest of the world. All the unneeded bases around the world needs to be closed down also we can bring them home and they can patrol our boarders. America was never meant to be an empire. Also close the loop holes for the corporations, companies that have been showing record profits for years need no tax cuts. It's simple ignorance to think they need them.
No tax and spend republicans are as usual the problem.

Just need to take a big ax and hack off big chunks of the federal government. We are long past the use of a scalpel to make precision cuts. Close most agencies and repeal most rules, regulations, laws and treaties. Let the states and corporations survive or fail without sucking on the federal teat

The op is stupid.