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In reality, its Congress (BOTH parties) AND the President who are to blame. MrFarstrider Send a noteboard - 08/08/2011 01:59:13 AM
If both houses would've compromised on a smallish tax increase and a smallish spending cut, we would be bringing in more revenue AND spending less money without extending the debt ceiling. But instead, old time politics continued on both sides with an extension of the debt ceiling and big time spending cuts over such a long period that any type of 9/11 type of event will throw the cuts out the window for a war time scenario. Since both decided to entrench themselves on opposite sides, nothing productive was achieved and Obama folded on his promise to not cut entitlements.

Nothing was fixed. The problem with overspending is still there. Both Republicans AND Democrats are to blame and S&P did the right thing to downgrade us. They can see that nothing was fixed by extending out debt ceiling.
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Yeah, sure, the President has no say or control.....good grief..... *NM* - 06/08/2011 06:13:49 AM 554 Views
I did not say that. - 06/08/2011 06:51:35 AM 1109 Views
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Of course one could just read the actual S&P report - 06/08/2011 04:01:07 PM 1149 Views
Sure. - 06/08/2011 04:53:47 PM 1216 Views
not really - 06/08/2011 10:15:32 PM 1021 Views
"the mix of spending and revenue measures" - 06/08/2011 10:23:06 PM 1126 Views
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would him resigning really help? - 07/08/2011 10:24:00 AM 1082 Views
not as long as he has the high functioning moron Joe Biden as VP. - 08/08/2011 12:34:32 AM 1074 Views
In reality, its Congress (BOTH parties) AND the President who are to blame. - 08/08/2011 01:59:13 AM 1108 Views
40% is not a small tax increase and a small spending cut - 09/08/2011 04:20:28 AM 968 Views
Why are people making a deal about the debt ceiling increase? - 09/08/2011 03:42:13 PM 1001 Views
We do have a debt ceiling for a reason - 09/08/2011 04:05:59 PM 1038 Views
Ultimately, I'm forced to agree completely. - 09/08/2011 05:09:19 PM 1052 Views

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