Active Users:632 Time:14/10/2025 05:25:00 PM
Sure. Joel Send a noteboard - 06/08/2011 04:53:47 PM
Which pretty makes makes clear the obvious, that S&P downgraded us because we have monstrous deficit and debt and the two opposing factions have very different ideas for how to deal with it and are basically evenly matched and not gonna budge. But if you and everyone else want to pretend you know what the hell you're talking about and play the usual partisan bullshit as though it even applied go right ahead. I guess snoops' half-sentence quote from the 8-page report is what you refer to, might I suggest making the minimal effort to read the whole thing?

Actually, no, I wasn't referring to that at all, I was referring to this quote from the story I linked (in the post to which you responded):
The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, effective, and less predictable than what we previously believed.

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 [debt ceiling deal.

Yes, Democrats and Republicans have very different ideas on how to proceed: Democrats (supposedly) want tax hikes AND spending cuts (which is why they STARTED from a negotiation position that put $1.5 trillion in spending cuts on the table) while Republicans want spending cuts only. What's more, Republicans want those cuts bad enough to turn a previously routine debt ceiling extension into a doomsday scenario, in part because much of the Tea Party thinks a US default would be no big deal and 59 of its 60 member House caucus pledged not to raise the debt ceiling under ANY circumstances (a pledge, incidentally, about half of them broke in the end).

So, yeah, the two parties have very different mutually exclusive ideas on how to solve the debt problem: Democrats want (or say they do) the kind of dual approach S&P does, and Republicans want spending cuts only, to the extent they're willing to engage in the brinksmanship S&P condemns. As for "partisan bullshit", I think (hope) one thing we can both agree on is that S&P didn't say, "Obama should resign. "

Meh, and again I say, meh. America's got the money; the government just doesn't have access to much of it, and keeps spending like it does anyway. One way or the other both of those things will change soon; I'm just hoping this (or something) provides the wake up call to end the spoiled childish delusion that tax hikes are always bad and un-American. The public's equally fed up with Republicans serving a monied aristocracy at the expense of the nation AND Democrats doing the same thing while claiming to offer an alternative they never even try to deliver. The Presidents approval rating is 42% but he's banking on re-election because it's a two party system and Congress has an approval rating of 14%; the public won't idly watch that forever as their living standard deteriorates at an alarming pace. There ARE plenty of extremists on both sides, so I hope the political leadership regains its sanity soon to prevent those extremists seizing control through popular consent. But don't make the mistake of assuming I'm just saying, "Democrats r00l and Republicans dr00l" because they're just two sides of the same corporate coin. I'm desperately hoping for a peaceful alternative, either reform from within or a viable effective third party, because otherwise I expect rioting in the streets that will put everyones life at risk, which I very much don't want.
Honorbound and honored to be Bonded to Mahtaliel Sedai
Last First in wotmania Chat
Slightly better than chocolate.

Love still can't be coerced.
Please Don't Eat the Newbies!

LoL. Be well, RAFOlk.
Here's the link again, since you evidently didn't see it last time.
Reply to message
US Credit Rate Downgraded - Obama should resign..... - 06/08/2011 04:12:48 AM 1449 Views
Que tonterías. - 06/08/2011 04:23:49 AM 984 Views
How... foolish? - 06/08/2011 05:13:30 AM 1005 Views
Sip - 06/08/2011 05:38:15 AM 978 Views
I took it to translate to "argument." *NM* - 08/08/2011 01:27:55 AM 490 Views
A mí me parece que él no merece que le digas "usted", tampoco. - 06/08/2011 11:03:22 AM 795 Views
Verdad - 06/08/2011 04:09:52 PM 923 Views
Really? - 06/08/2011 05:05:48 AM 1031 Views
Leaders have to lead..... - 06/08/2011 05:18:21 AM 864 Views
Cuts aren't up to him, though. - 06/08/2011 05:37:50 AM 899 Views
Yeah, sure, the President has no say or control.....good grief..... *NM* - 06/08/2011 06:13:49 AM 495 Views
I did not say that. - 06/08/2011 06:51:35 AM 975 Views
S&P didn't demand cuts, they demanded fiscal responsibility. - 06/08/2011 03:18:10 PM 1136 Views
Obama caved spectacularly to avoid a default. - 06/08/2011 04:37:21 PM 956 Views
Obama caved spectacularly to ease re-election. - 06/08/2011 05:34:04 PM 1136 Views
and haters gotta hate..... *NM* - 06/08/2011 05:49:25 AM 472 Views
I admit it, I hate what Obama is doing to our country..... *NM* - 06/08/2011 06:12:39 AM 489 Views
It's not Obama, but the Tea Party - 06/08/2011 06:16:38 PM 988 Views
The biggest? why that is pretty damn big!!! - 09/08/2011 06:29:24 PM 915 Views
you, it was the tea party republicans that caused this - 06/08/2011 05:57:16 AM 993 Views
Your momma is more to blame than the Tea Party..... - 06/08/2011 06:12:05 AM 870 Views
S&P demanded more DEFICIT REDUCTION. - 06/08/2011 03:55:19 PM 1014 Views
Does Timmy G play sax like his brother Kenny? *NM* - 06/08/2011 01:11:17 PM 476 Views
Fun fact - I dated in HS Kenny G's niece..... - 06/08/2011 03:13:52 PM 853 Views
Re: Fun fact - I dated in HS Kenny G's niece..... - 06/08/2011 04:50:35 PM 949 Views
Sadly, not that niece!!! *NM* - 06/08/2011 06:40:39 PM 483 Views
S&P specifically cited GOP refusal to raise taxes among their reasons. - 06/08/2011 03:10:22 PM 1028 Views
Of course one could just read the actual S&P report - 06/08/2011 04:01:07 PM 1021 Views
Sure. - 06/08/2011 04:53:47 PM 1050 Views
not really - 06/08/2011 10:15:32 PM 898 Views
"the mix of spending and revenue measures" - 06/08/2011 10:23:06 PM 978 Views
So you read the statement that they take no posistion as they take the dem position? - 07/08/2011 04:51:58 AM 981 Views
I read a "mix" to be a mix. - 09/08/2011 12:14:35 AM 891 Views
So in other words you just ignore the actaull words and read it say what you want it to say *NM* - 09/08/2011 02:07:57 PM 539 Views
A mix of something and nothing is impossible; one thing is one thing, not a mix. - 09/08/2011 04:56:00 PM 1075 Views
Would 99.99% to 0.01% be a mix? - 09/08/2011 06:25:08 PM 1156 Views
Yup, but 100% to 0% is not. - 09/08/2011 06:35:13 PM 979 Views
They should all resign - 06/08/2011 05:47:56 PM 1014 Views
You are either really naive or just stupid. Which is it? *NM* - 06/08/2011 06:31:58 PM 463 Views
Reply to everyone whining about the Tea Party..... - 06/08/2011 06:58:40 PM 1040 Views
When did Boehner agree to $800 billion in revenue increases?! - 06/08/2011 08:49:51 PM 987 Views
Wait Wait Wait.... - 07/08/2011 05:31:20 AM 1037 Views
In Jersey - 07/08/2011 06:13:23 PM 1096 Views
would him resigning really help? - 07/08/2011 10:24:00 AM 925 Views
not as long as he has the high functioning moron Joe Biden as VP. - 08/08/2011 12:34:32 AM 934 Views
In reality, its Congress (BOTH parties) AND the President who are to blame. - 08/08/2011 01:59:13 AM 960 Views
40% is not a small tax increase and a small spending cut - 09/08/2011 04:20:28 AM 832 Views
Why are people making a deal about the debt ceiling increase? - 09/08/2011 03:42:13 PM 865 Views
We do have a debt ceiling for a reason - 09/08/2011 04:05:59 PM 887 Views
Ultimately, I'm forced to agree completely. - 09/08/2011 05:09:19 PM 915 Views

Reply to Message