It is meant to pressure congress to not let the debt grow out of control. The debt ceiling was raised, America didn't defualt on it's loans and some modest spending cuts were inacted, maybe. The question shouldn't why they did they use the debt deliing to put pressure on lowering the debt this time but why they didn't use it that way before instead of just raising it without question. Hell if we are going to do that lets just raise to 100 tillion and not more about for a century or so.
US Credit Rate Downgraded - Obama should resign.....
06/08/2011 04:12:48 AM
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Que tonterías.
06/08/2011 04:23:49 AM
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Really?
06/08/2011 05:05:48 AM
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Leaders have to lead.....
06/08/2011 05:18:21 AM
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Cuts aren't up to him, though.
06/08/2011 05:37:50 AM
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Yeah, sure, the President has no say or control.....good grief..... *NM*
06/08/2011 06:13:49 AM
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S&P didn't demand cuts, they demanded fiscal responsibility.
06/08/2011 03:18:10 PM
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and haters gotta hate..... *NM*
06/08/2011 05:49:25 AM
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I admit it, I hate what Obama is doing to our country..... *NM*
06/08/2011 06:12:39 AM
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you, it was the tea party republicans that caused this
06/08/2011 05:57:16 AM
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As ever your disinterest in facts seems to be central to your posting.
06/08/2011 11:34:20 AM
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Which would be less annoying if so much of Congress didn't suffer from the same delusions.
06/08/2011 03:48:04 PM
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Does Timmy G play sax like his brother Kenny? *NM*
06/08/2011 01:11:17 PM
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Fun fact - I dated in HS Kenny G's niece.....
06/08/2011 03:13:52 PM
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S&P specifically cited GOP refusal to raise taxes among their reasons.
06/08/2011 03:10:22 PM
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Of course one could just read the actual S&P report
06/08/2011 04:01:07 PM
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Sure.
06/08/2011 04:53:47 PM
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Right, ABC new's summary of the report is not the report
06/08/2011 07:02:46 PM
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Link works, but I'm not sure why you think it refutes snoops assessment or mine.
06/08/2011 08:35:10 PM
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It doesn't refute it, it just isn't this simple distillation you're offering
06/08/2011 09:23:33 PM
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It's more than half a sentence; I quoted several paragraphs.
06/08/2011 09:56:31 PM
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Well yes, after I gave you the report, I think I'm pretty obviously refering to before that
06/08/2011 11:02:17 PM
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Before that I was referring to the paragraphs quoted in the ABC report.
07/08/2011 01:21:18 AM
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not really
06/08/2011 10:15:32 PM
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"the mix of spending and revenue measures"
06/08/2011 10:23:06 PM
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So you read the statement that they take no posistion as they take the dem position?
07/08/2011 04:51:58 AM
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I read a "mix" to be a mix.
09/08/2011 12:14:35 AM
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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
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A mix of something and nothing is impossible; one thing is one thing, not a mix.
09/08/2011 04:56:00 PM
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US politicians are too busy fighting over who gets to play the fiddle. *NM*
06/08/2011 05:53:32 PM
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would him resigning really help?
07/08/2011 10:24:00 AM
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not as long as he has the high functioning moron Joe Biden as VP.
08/08/2011 12:34:32 AM
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In reality, its Congress (BOTH parties) AND the President who are to blame.
08/08/2011 01:59:13 AM
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40% is not a small tax increase and a small spending cut
09/08/2011 04:20:28 AM
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Why are people making a deal about the debt ceiling increase?
09/08/2011 03:42:13 PM
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We do have a debt ceiling for a reason
09/08/2011 04:05:59 PM
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Because, when you get down to it, the debt ceilings very existence was always a political threat.
09/08/2011 05:02:12 PM
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