This is a discussion on US Loses Credit Rating within the Off Topic & Humor Discussion forums, part of the The Back Porch category; Originally Posted by shockwave This is no place to discuss economics. But if you must, the problem here is that there is an influential contingent ...
Pain is the best teacher,but nobody wants to go to his class.
When the past smothers the present, there is only desperation. When the future absorbs the present, life stands still. In either case a decision must be made because you only live now and you are only what you are now.
Kennedy was a senator's son and war hero who parlayed into politics. LBJ a high school teacher. Nixon a family grocery / gas clerk, combat veteran. Ford a waiter, Eagle Scout, combat veteran. Carter - Annapolis graduate, peanut farmer, exactly (see, you're getting the point). Reagan, a lifeguard, sportscaster, and acting is a tough job. George HW was a senator's son but was shot down as a combat airman. Clinton (daft dodger isn't my choice for Commander in Chief) - gotta agree with you on that one - but for all of his many faults, debt as a percent of GDP fell during his two terms. W Bush, Air National Guardsman, oilman, baseball team owner. Obama inherited much of the problem, but his lack of leadership is unacceptable.
Finally, btw, it was a combination of cutting - not raising - taxes and cutting spending during the Truman and Eisenhower terms that began the post-war boom. So all of you who are looking to "the rich" to surrender their wealth to incompetents should know that the total wealth of all of the billionaires in this country is less than ten percent of the national debt and even fails to cover the current deficit! Definite tax and spending cuts are the only proven way to save the economy from its current downward spiral.
-Blackstone’s Commentaries 145–146, n. 42 (1803) in District of Columbia v. Heller, 554 U.S. 570 (2008)Americans understood the right of self-preservation as permitting a citizen to repel force by force
when the intervention of society... may be too late to prevent an injury.
Enough of the blame game and politics. This is an important topic to discuss and watch, DO NOT ruin it for everyone else with the political junk.
"Just blame Sixto"
and late in the fall OPEC will go off the US Dollar for pricing oil and create a OPEC DOLLAR.
America shall have a Winter Of Its Discontent unlike any since the Great Depression.
You plug 'em, I plant 'em
...kid can't read at 17 (Garcia/Hunter 1985)
Lack of preparation on your part does not necessarily constitute an emergency on mine
All they had to do was freeze spending and repeal healthcare and we would have had a handle on it and there would not have been a rating downgrade.
You can call that political or just the truth, but one side wanted no part of that.
"The gun is the great equalizer... For it is the gun, that allows the meek to repel the monsters; Whom are bigger, stronger and without conscience, prey on those who without one, would surely perish."
Big surprise - the Treasury Dept claims S&P made a "2 trillion dollar" error in their assessment. The other 2 rating agencies, Moody and Fitch, still have not moved on this. Probably by Monday S&P will change their story under pressure from the White House.
White House adviser slams S&P after U.S. downgrade - Yahoo! News
"Be justified. Blood may be easily wiped from the sword.
It cannot, however, be put back from where it came." --Quicksabre
At some point in the future, AMMUNITION will be the preffered currency.
I would rather stand against the cannons of the wicked than against the prayers of the righteous.
AR. CHL Instr. 07/02 FFL
Like custom guns and stuff? Check this out...
BTW, didn't mean for a political thing to get started. I know that millions of people out there are frustrated and I'm sure that we all know that things are pretty screwed up. Politics is just the vehicle that got us here. Really though, I think that people should be preparing for long term hardships as much as they can.
1. Garden - check
2. Guns - check
3. Ammo - check
4. Bleach for potable water - check
5. Home-canned food - check
6. Stocked up on food - some but need more really
The list goes on. Paranoid? Let's hope so! I like to think of it as prepared though. It's my duty to my family. Maybe it's time to start spreading the word to your family and close friends that they ought to at least look at this situation with an open mind and prepare to really hunker down for the possible tight times to come.
Vietnam Vets, WELCOME HOME
Crossman 760 BB/Pellet, Daisy Red Ryder, Crossman Wrist Rocket, 14 Steak Knives, 3 Fillet Knives, Rolling Pin-14", Various Hunting Knives, 2 Baseball Bats, 3 Big Dogs and a big American Flag flying in the yard. I have no firearms; Try the next house.
It's hard not to be concerned as the walls fall down right before our eyes. Everything is playing to what the left wants.
- Sent from my iPad2
“Monsters are real and so are ghosts. They live inside of us, and sometimes they win.”
~ Stephen King
The credit rsting agencies had stated exactly what was required in order for the US to keep our AAA rating. Every member of Congress and that person occupying the White House knew this. The House passed a bill known as Cut, Cap, and Balance, which would have kept our rating AAA.
This was followed by a mad scranble to discredit common sense and the rules of arithmatic. The outcome was a 'compromise' that got our credit downgraded, exactly as promise.
The up-side is we can continue with insane spending and politics as usual. Nero gets a new 3.5 trillion dollar fiddle, and We, the People got burned.
"If we loose Freedom here, there's no place to escape to. This is the Last Place on Earth!" Ronald Reagan
All politics aside, what concerns me most is that there is not much of a public uproar about this. Whomever's watch something like this happens on, it is demonstrated proof of incompetance of leadership.
Where is the public outrage?
...and Atlas shrugged.
'Clinging to my guns and religion
Just look what we have on the list as potential replacements. Not one moderate in any of the now 3 parties. All extremists on their respective party stances (which is the only way that they will be recognized by the party delegates (that and the finances/corp-rat backing), and unacceptable. Never mind the boat load of career politicians in the House and Senate that are also a huge part of the problem.
Reset the candidate selection process and see what happens. I'd bet we'd get some intelligent people on the ticket, instead of weeding them out early in the game for not towing the party line.
Grasseater // Grass~eat~er noun, often attributive \ˈgras-ē-tər\
A person who is incapable of independent thought; a person who is herd animal-like in behavior; one who cannot distinguish between right and wrong; a foolish person.
See also Sheep