S&P calls out the Republicans!

[Taichiliberal]

So the S&P (no liberal institution by any means) put the blame where it rightly lays at this crossroads....at the Party of No's feet, and they don't like it.

No they didn't, and only partisan idiots like you, are running around squawking that they did. Their statement CLEARLY points out that Congress has failed to address the deficit and debt, and THIS was the reason for downgrade. It's the FAULT of Democrats, and Republicans are to blame for not holding their feet to the fire and demanding REAL spending cuts! Bottom line, if we had done what the TEA PARTY suggested two years ago, we wouldn't be in this mess... there would be no talk of downgrade, and we wouldn't have needed to raise the debt ceiling.

And the Dixie Dunce strikes again! When will neocon toadies like Dixie realize that pulling talking points out of their asses (or the asses of their favorite pundits and politicos) is no match for easily accessable FACTS.


From the actual report:
Standards & Poor'sResearch Update:United States of America Long-Term
Rating Lowered To 'AA+' On
Political Risks And Rising Debt
Burden; Outlook Negative


August 5, 2011



Even assuming that at least $2.1 trillion of the spending reductions the act
envisages are implemented, we maintain our view that the U.S. net general
government debt burden (all levels of government combined, excluding liquid
financial assets) will likely continue to grow. Under our revised base case
fiscal scenario--which we consider to be consistent with a 'AA+' long-term
rating and a negative outlook--we now project that net general government debt
would rise from an estimated 74% of GDP by the end of 2011 to 79% in 2015 and
85% by 2021. Even the projected 2015 ratio of sovereign indebtedness is high
in relation to those of peer credits and, as noted, would continue to rise
under the act's revised policy settings.
Compared with previous projections, our revised base case scenario now
assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012,
remain in place. We have changed our assumption on this because the majority
of Republicans in Congress continue to resist any measure that would raise
revenues, a position we believe Congress reinforced by passing the act. Key
macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.

The Tea Party is a fucking joke.... a bunch of yahoos too damned stupid and stubborn to acknowledge that it's the very people and policies they are putting forth that are screwing them into the ground.

 

[Guns Guns Guns]

Weren't tax cuts supposed to give us prosperity?

Well, we got the tax cuts...where's the prosperity?

 

[Dixie - In Memoriam]

Go ask your neocon/teabagger/conservative/libertarian economic tin gods, that one Dixie.....because the Bush tax cuts FAVORED the rich folk to do exactly what I stated.....and it sure as hell didn't work out, now did it?

No, the Bush Tax cuts didn't "favor" anyone, they lowered tax rates for ALL taxpayers. As a matter of fact, because of changes to the alternative minimum tax rules, and the 2003 Jobs/Reconciliation omnibus, the burden shifted MORE to the upper-level income earner. So you are just flat out telling a lie here, the Bush Tax Cuts were across the board, and gave EVERYONE who pays taxes, a tax break.

President Obama said, in January of this year... allowing the Bush Tax Cuts to expire would have been devastating to our economy, and we couldn't let that happen... and thanks to our action, it won't happen, and every American will open their first paycheck to find more money.... now YOU are claiming these are just tax breaks for the rich, and only benefited the wealthy. Either YOU are a liar, or the President is a liar.

 

[Dixie - In Memoriam]

And the Dixie Dunce strikes again! When will neocon toadies like Dixie realize that pulling talking points out of their asses (or the asses of their favorite pundits and politicos) is no match for easily accessable FACTS.


From the actual report:
Standards & Poor'sResearch Update:United States of America Long-Term
Rating Lowered To 'AA+' On
Political Risks And Rising Debt
Burden; Outlook Negative


August 5, 2011



Even assuming that at least $2.1 trillion of the spending reductions the act
envisages are implemented, we maintain our view that the U.S. net general
government debt burden (all levels of government combined, excluding liquid
financial assets) will likely continue to grow. Under our revised base case
fiscal scenario--which we consider to be consistent with a 'AA+' long-term
rating and a negative outlook--we now project that net general government debt
would rise from an estimated 74% of GDP by the end of 2011 to 79% in 2015 and
85% by 2021. Even the projected 2015 ratio of sovereign indebtedness is high
in relation to those of peer credits and, as noted, would continue to rise
under the act's revised policy settings.
Compared with previous projections, our revised base case scenario now
assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012,
remain in place. We have changed our assumption on this because the majority
of Republicans in Congress continue to resist any measure that would raise
revenues, a position we believe Congress reinforced by passing the act. Key
macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.

The Tea Party is a fucking joke.... a bunch of yahoos too damned stupid and stubborn to acknowledge that it's the very people and policies they are putting forth that are screwing them into the ground.

Like I said, the report CLEARLY points out the problem with the debt and deficit, and our inability to cut spending and balance our budget. You can try to sell really stupid people on the notion that Republicans are standing in the way of spending cuts and balancing the budget if you like... I don't think many are going to buy that load of crap, but you can give it a whirl!

 

[Lowaicue]

???? I dont think you comprehend how a treasury works. THE only thing they have is a right to repayment when it matures. Nothing else.
Rest of the tripe is funny coming from a brit.

What the hell has that got to do with what I said?

Just stop being stupid. Stand together and get yourselves straight. If you don't like it VOTE AT THE NEXT ELECTION.
Obama was elected by a majority. Let him put it right or put it wrong, we dont give a shit. Just grow up and stop trying to score brownie points at every opportunity.

 

[Lowaicue]

Oh you are, definitely. You're just so unsure of your position that you're afraid to take a stand. But when your "solution" is for us hicks and yanks to shut up and let The Obama have his way with us, you can no longer hide your agenda.

Lets reword that then, just for you. Let the elected president do the job he was democratically elected to do. America entrusted its well being to a president. Change your president in 2012 by all means if you still have a country worth governing, but until then shut up.
If by some quirk of politics you are in fact the president then you may shout. But I would want proof of your election to the post first.

 

[Taichiliberal]

Originally Posted by Taichiliberal
Go ask your neocon/teabagger/conservative/libertarian economic tin gods, that one Dixie.....because the Bush tax cuts FAVORED the rich folk to do exactly what I stated.....and it sure as hell didn't work out, now did it?

No, the Bush Tax cuts didn't "favor" anyone, they lowered tax rates for ALL taxpayers. As a matter of fact, because of changes to the alternative minimum tax rules, and the 2003 Jobs/Reconciliation omnibus, the burden shifted MORE to the upper-level income earner. So you are just flat out telling a lie here, the Bush Tax Cuts were across the board, and gave EVERYONE who pays taxes, a tax break.

Once again, the Dixie Dunce spins a fantasy that objective, logical analysis disproved LONG ago. Check it out, folks:




http://www.nytimes.com/2007/01/08/washington/08tax.html


Here We Go Again: Bush Exaggerates Tax Cuts
February 20, 2004
The President can't keep his figures straight. And most people are getting less than he implies.

Combined Effect of Bush Cuts for 2003: Typical Families

(Amounts by which federal income taxes would rise if cuts are repealed)


http://www.factcheck.org/here_we_go_again_bush_exaggerates_tax.html

President Obama said, in January of this year... allowing the Bush Tax Cuts to expire would have been devastating to our economy, and we couldn't let that happen... and thanks to our action, it won't happen, and every American will open their first paycheck to find more money.... now YOU are claiming these are just tax breaks for the rich, and only benefited the wealthy. Either YOU are a liar, or the President is a liar.

I'd love to see Dixie provide the link to the speech that he claims Obama made these statements...as Dixie has a penchant for out-of-context quotes and para-phrasing. Until then, I'll just let the FACTS make an ass out of Dixie.

 

[Taichiliberal]

Originally Posted by Taichiliberal

And the Dixie Dunce strikes again! When will neocon toadies like Dixie realize that pulling talking points out of their asses (or the asses of their favorite pundits and politicos) is no match for easily accessable FACTS.


From the actual report:
Standards & Poor'sResearch Update:United States of America Long-Term
Rating Lowered To 'AA+' On
Political Risks And Rising Debt
Burden; Outlook Negative


August 5, 2011



Even assuming that at least $2.1 trillion of the spending reductions the act
envisages are implemented, we maintain our view that the U.S. net general
government debt burden (all levels of government combined, excluding liquid
financial assets) will likely continue to grow. Under our revised base case
fiscal scenario--which we consider to be consistent with a 'AA+' long-term
rating and a negative outlook--we now project that net general government debt
would rise from an estimated 74% of GDP by the end of 2011 to 79% in 2015 and
85% by 2021. Even the projected 2015 ratio of sovereign indebtedness is high
in relation to those of peer credits and, as noted, would continue to rise
under the act's revised policy settings.
Compared with previous projections, our revised base case scenario now
assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012,
remain in place. We have changed our assumption on this because the majority
of Republicans in Congress continue to resist any measure that would raise
revenues, a position we believe Congress reinforced by passing the act. Key
macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.The Tea Party is a fucking joke.... a bunch of yahoos too damned stupid and stubborn to acknowledge that it's the very people and policies they are putting forth that are screwing them into the ground.




Like I said, the report CLEARLY points out the problem with the debt and deficit, and our inability to cut spending and balance our budget. You can try to sell really stupid people on the notion that Republicans are standing in the way of spending cuts and balancing the budget if you like... I don't think many are going to buy that load of crap, but you can give it a whirl!

And there you have it folks, I provide DIRECT QUOTES FROM THE S&P REPORT THAT CONTRADICTS IN NO UNCERTAIN TERMS CONTRADICTS THE NEOCON MANTRAS OUR DIXIE DUNCE IS PARROTING.

Standard & Poor's puts the bead on the neocon/teabagger driven Republicans for causing them to down grade...it's there in plain English for all to see (in bold).

What Dixie demonstrates is either an inability to comprehend what he's reading or a deadly combination of insipid stubborness and willful ignorance that seem to be the cornerstone of the teabagger/neocon mindset regarding this matter. Whatever his problem, I'm not going to waste anymore time and space arguing with this Dixie Dunce. I leave him to his predictable lies, distortions, parroting and ranting.

 

[Dixie - In Memoriam]

I'd love to see Dixie provide the link to the speech that he claims Obama made these statements...as Dixie has a penchant for out-of-context quotes and para-phrasing. Until then, I'll just let the FACTS make an ass out of Dixie.

http://www.washingtonpost.com/wp-dyn/content/article/2010/12/16/AR2010121606200.html

At the signing ceremony, Obama said passage of the law was propelled "by the fact that tax rates for every American were poised to automatically increase on January 1st." If that had happened, "the average middle-class family would have had to pay an extra $3,000 in taxes next year," he said. "That wouldn't have just been a blow to them; it would have been a blow to our economy, just as we're climbing out of a devastating recession."

Obama declared: "I refused to let that happen. And because we acted, it's not going to. In fact, not only will middle-class Americans avoid a tax increase, but tens of millions of Americans will start the new year off right by opening their first paycheck to see that it's actually larger than the one they get right now."


Thereya go, Bozo!

 

[Dixie - In Memoriam]

And there you have it folks, I provide DIRECT QUOTES FROM THE S&P REPORT THAT CONTRADICTS IN NO UNCERTAIN TERMS CONTRADICTS THE NEOCON MANTRAS OUR DIXIE DUNCE IS PARROTING.

You didn't provide anything that proves anything. You posted the S&P statement, and because they specifically referenced "Republicans" you interpret that to mean their downgrade was the fault of Republicans, but that is not what the statement says. If you comprehend what it says (which most pinheads apparently can't) it CLEARLY indicates Congress FAILED to address the debt and spending problems, which is precisely because DEMOCRATS refuse to cut spending... NOT REPUBLICANS!

 

[Damocles]

And it's the same result no matter how you word it Damo , it's was scheduled to END at a specific time period....God damn, WTF is the matter with you neocon/conservative/teagagger/libertarian wonks? You're so pissed that your religious beliefs in reaganomics are getting punched full of holes that you've gone picayune crazy! Grow up, man.

Words mean things. It wasn't "designed" to do that, it was the only way they could pass it considering the filibuster. It's silly to say it was "designed" to do it solely because of that. When they proposed the cuts, did they plan for it to happen that way? Not really.

 

[dixon76710]

Your main creditor (save for the American people themselves) has told you to stop behaving like spoilt kids and sort yourselves out (paraphrase). And has stressed tha fact that, as the main creditor, they have the right to demand a stop to this stupidity.

???? I dont think you comprehend how a treasury works. THE only thing they have is a right to repayment when it matures. Nothing else.
Rest of the tripe is funny coming from a brit.

What the hell has that got to do with what I said?

What part dont you understand? Holder of a treasury note has a right to demand payment when it becomes due. They are not given the right to "demand a stop to this stupidity".

Just stop being stupid. Stand together and get yourselves straight. If you don't like it VOTE AT THE NEXT ELECTION.
Obama was elected by a majority. Let him put it right or put it wrong, we dont give a shit. Just grow up and stop trying to score brownie points at every opportunity.

???? I was correcting the misconception that holders of tresury notes get to demand anything other than payment when they become due. Who is trying to score brownie points other than you?

 

[Dixie - In Memoriam]

http://www.washingtonpost.com/wp-dyn/content/article/2010/12/16/AR2010121606200.html

At the signing ceremony, Obama said passage of the law was propelled "by the fact that tax rates for every American were poised to automatically increase on January 1st." If that had happened, "the average middle-class family would have had to pay an extra $3,000 in taxes next year," he said. "That wouldn't have just been a blow to them; it would have been a blow to our economy, just as we're climbing out of a devastating recession."

Obama declared: "I refused to let that happen. And because we acted, it's not going to. In fact, not only will middle-class Americans avoid a tax increase, but tens of millions of Americans will start the new year off right by opening their first paycheck to see that it's actually larger than the one they get right now."


Thereya go, Bozo!

I'll post it again.....President Obama said, in January of this year... allowing the Bush Tax Cuts to expire would have been devastating to our economy, and we couldn't let that happen... and thanks to our action, it won't happen, and every American will open their first paycheck to find more money.... now YOU are claiming these are just tax breaks for the rich, and only benefited the wealthy. Either YOU are a liar, or the President is a liar. WHICH IS IT CHICKLET?

 

[Liberty]

This is too important to be left to 'lefties' or 'righties'. You have people in the jobs, let them do the job. Believe me, whether the plan is right or wrong it will be better than no plan. It's just as well you have a bunch of opticians in the US because most of you can't see beyond the end of your own snivverling noses.

Before I address post # 150, let me address post #149.


Jobs will be created when we get rid of the EPA, Obamacare, & the department of energy.

Do you have a problem with (that) jobs?

 

[Liberty]

You need to see someone, fast.

Should I see your state approved Doctor?

 

[Liberty]

I knew you'd fail miserably at this.

Low IQ:
'stop assigning blame and fix the problem'
'fix the problem then worry about who caused it'
'work together'
'shut up and let The Obama fuck you in the ass. That's how a democracy works.'

WOW!

What a post.

 

[Liberty]

Weren't tax cuts supposed to give us prosperity?

Well, we got the tax cuts...where's the prosperity?

That comes when we start getting rid of the EPA, Obamacare, and the department of energy as well.

Do you want jobs, or not?

 

[Liberty]

Like I said, the report CLEARLY points out the problem with the debt and deficit, and our inability to cut spending and balance our budget. You can try to sell really stupid people on the notion that Republicans are standing in the way of spending cuts and balancing the budget if you like... I don't think many are going to buy that load of crap, but you can give it a whirl!

To hell with balancing our budget.

$14.5 trillion is the problem.

And now $17 trillion?

You're such a smart person,,,,, how could you forget that?

 

[Liberty]

I'd love to see Dixie provide the link to the speech that he claims Obama made these statements...as Dixie has a penchant for out-of-context quotes and para-phrasing. Until then, I'll just let the FACTS make an ass out of Dixie.

You failed here.

Big time.

 

[Dixie - In Memoriam]

To hell with balancing our budget.

$14.5 trillion is the problem.

And now $17 trillion?

You're such a smart person,,,,, how could you forget that?

Well it's really simple logic, before we can start paying down the $17 trillion debt, we have to FIRST balance the budget and stop spending more than we take in... isn't that just plain old common sense?