Deal Reached, Crisis and Default Avoided... Downgrade inevitable.

D

Dixie - In Memoriam

New member
Looks like the Dems finally came on board with the president and GOP to go with a plan... votes are still pending, lots of unhappy folks... but they seem to have resolved the impasse for now.

Reportedly, the deal is all cuts, a trillion over 10 years.. with 'triggers' to be dealt with later on other cuts. Tax increases for the 'wealthy' are off the table, and apparently have been all along. Reforms in tax deductions and subsidies, as well as entitlement reform and military cuts, are all to be dealt with at a later time. It raises the debt ceiling dollar for dollar in spending cuts, which fulfills Boehner's pledge to conservatives.

The Bad News is... it will not stave off a downgrading. They have already indicated our cuts would have to be $4 trillion, to avoid a downgrading, this is why CC&B, Paul Ryan, and Obama's attempt, all came out to $4 trillion in cuts. With Socialist Progressives in power, we were lucky to get $1 tril.. But when the downgrading comes, what do you wanna bet they spin this to blame it on Republicans?
 
Return of Dune said:
Isn't this the exact same thread that Ice Dankee already posted?
Click to expand...

No, ID's thread has links and stuff. Mine doesn't. Hers is also talking of 2 tril in cuts, and I think that has been pruned down already.. lol.

The thing is, we already know that if we don't cut $4 trillion, we will be downgraded. We're going to lose our triple A credit rating because Democrats couldn't bring themselves to cut $4 trillion.... and frankly, neither could Republicans. This is a PRIME example of why Republicans are incompetent to the core, they have literally failed to articulate the message they needed to be getting across to the public, all this time, through this whole debate over cuts vs. taxes.. it should have been cuts vs. downgrading! Hey... you want us to lose our AAA rating? We've got to cut $4 trillion over 10 years... that's the goal, that's the objective, if we wish to avoid a downgrade. But what has the political debate been the past several weeks? Are Republicans going to cave on tax increases for the rich? Will it be like 1995 when Gingrich shut down government? Will old people still get their checks????11!!!1!
 
Dixie said:
No, ID's thread has links and stuff. Mine doesn't. Hers is also talking of 2 tril in cuts, and I think that has been pruned down already.. lol.

The thing is, we already know that if we don't cut $4 trillion, we will be downgraded. We're going to lose our triple A credit rating because Democrats couldn't bring themselves to cut $4 trillion.... and frankly, neither could Republicans. This is a PRIME example of why Republicans are incompetent to the core, they have literally failed to articulate the message they needed to be getting across to the public, all this time, through this whole debate over cuts vs. taxes.. it should have been cuts vs. downgrading! Hey... you want us to lose our AAA rating? We've got to cut $4 trillion over 10 years... that's the goal, that's the objective, if we wish to avoid a downgrade. But what has the political debate been the past several weeks? Are Republicans going to cave on tax increases for the rich? Will it be like 1995 when Gingrich shut down government? Will old people still get their checks????11!!!1!
Click to expand...

Both sides definity screwed the pooch.
 
tom prendergast said:
Obama should have told them to go to hell and invoked the 14th amendment.
Click to expand...

It's certainly tempting to say 'I told you so', but I don't think these idiots really understand the damage and potential damage they have done to their country.
Still, the market has recouped a lot of its recent losses, not much red ink today. Every cloud...
 
I don't see a downgrade if the deal passes.
The fucking elitist owned rating agencies had their heads entirely up thier ass on the recession.
What good does it do me for them to downgrade a company after it's already bankrupt.
 
Dixie said:
Looks like the Dems finally came on board with the president and GOP to go with a plan... votes are still pending, lots of unhappy folks... but they seem to have resolved the impasse for now.

Reportedly, the deal is all cuts, a trillion over 10 years.. with 'triggers' to be dealt with later on other cuts. Tax increases for the 'wealthy' are off the table, and apparently have been all along. Reforms in tax deductions and subsidies, as well as entitlement reform and military cuts, are all to be dealt with at a later time. It raises the debt ceiling dollar for dollar in spending cuts, which fulfills Boehner's pledge to conservatives.

The Bad News is... it will not stave off a downgrading. They have already indicated our cuts would have to be $4 trillion, to avoid a downgrading, this is why CC&B, Paul Ryan, and Obama's attempt, all came out to $4 trillion in cuts. With Socialist Progressives in power, we were lucky to get $1 tril.. But when the downgrading comes, what do you wanna bet they spin this to blame it on Republicans?
Click to expand...

A trillion over ten years is nothing.
 
'I beseech you in the bowels of christ, think it possible you may be mistaken.' Oliver Cromwell 1650

You just blindly follow the immature mantra of the brain dead tea party fools. I just wonder if you are the LEAST patriotic Americans in creation. You do NOTHING but destroy. Kill, Kill, shoot, destroy, Freedom, kill, invade, kill.

Quote from British press which, of course, must be lying and anyway they are a bunch of commies with rotten teeth and they would have been speaking German if America hadn't charged the earth for every bullet, blah blah blah. (Pinheads say the darnedest things. Right Trixie?)

Quote: 'Barack Obama has been locked in a fierce battle to stop America's lunatic fringe plunging the country into the financial abyss and taking the rest of the world with them.'

The whole world (even parts of Canada) are saying you are a bunch of bloody fools and you just cannot see it, can you?
 
Lowaicue said:
Not many sharecropping options open. There's a dry wind coming, I hope you have something put by.
Click to expand...

how long have you seen me posting on here? Do you not think that i've already got a full storeroom of food and water for the time when it all falls apart because idiot liberals demand more spending of money we don't have and can't afford?
 
SmarterThanYou said:
how long have you seen me posting on here? Do you not think that i've already got a full storeroom of food and water for the time when it all falls apart because idiot liberals demand more spending of money we don't have and can't afford?
Click to expand...

Well done. You will soon be awarded the seal of the 'Magic Underwear' and entry into the Mormon church will be automatic.
How long have you been running scared?
 
Magic "future cuts" have never and will never materialize. The only thing that would keep the US from being downgraded would be the Balanced Budget Amendment as it would be the only way the Congress will ever pay any of our debt under the current political environment. One party says they are "cutting" something, when they propose an automatic increase of 7% in spending every year and only cut the deficit spending by a smidge over 6%... Which means massive deficit spending was in our future even by the best plan that Boehner had to offer, and even Ryan's plan still had deficit spending.

The one thing that made me laugh the most was when the President declared how we didn't need the Constitution to force the government into "doing our jobs"...

Now, did anybody here seriously believe that this wasn't going to happen at the last hour?

And the big "winner" in this? Without the TEA Party I don't believe there even would have been an argument... Let alone increase by stages, no tax increases, fake "cuts" in the increase in spending.
 
You must log in or register to reply here.
Back
Top