United States Downgraded Credit by Standard & Poors From AAA to AA+

Standard and Poors Credit Rating Agency went ahead against threats from the Obama administration and amidst protest to downgrade the United States debt rating from a Pristine AAA to a respectable AA+ with a negative outlook.

Facts: Since the year 1917 the United States had a AAA rating, through the great depression, world war 2, korean war, vietnam war, gulf wars, and 9-1-1.

-The U.S has a 14 trillion dollar debt, that's $14,000,000,000,000 in the RED

-The U.S has over 100 trillion in unfunded liabilities.

My Opinion: The Obama administration is running our great nation into the ground with a corrupt gov't and Keynesian economic style. With a massive number of people now on food stamps and welfare, not to mention the mess that social security, medicare and medicaid are, we are running into a calamity possibly the size of the great depression. We owe over 2 trillion to a single nation, China. If we do not elect fiscally conservative businessman with advisors who actually were in the real world, than we are in trouble.


Your Friend,



GottImHimmel:cool:

Agree with most of the diagnosis, but it would be a shame to be killed by the remedy! I like the idea of fiscally conservative politicians, the problem is that they usually are socially conservative as well. So the guys you are telling us to elect are the same ones who would shut down our poker, take away our right to consume marijuana, and basically be the morality police to us all. I will vote for your fiscally conservative candidates, if you can find me some not associated with the Conservative Right.

Solution : Age limits for marijuana, taxed and regulated, and highly illegal to use while driving. Regulate online poker but allow it. And it is a real shame that a lot of times your right, the founding fathers would want us to express our individuality, not conformity. Again I say though purely economically we cannot sustain this entitlement state.

I'm afraid that it might be too late for our country,,,,nobody asked, but the first thing I'd do is stop being the rescuer of the world. I think it's not a question of the failure of the USA, but a question of when. It's like quicksand, and we are up to our neck.... how do you stop and reverse this in time, when it's taken decades to create,,,,We as people must take some of the blame for not saying enough is enough. If I went to the grocery and say I'll pay you next time and then continue to do this, are they going to continue to allow this? Is the rest of the world going to let us claim bankruptcy and start over,,,don't think so. I'm a veteran and have to say, I'm almost ashamed to be an American. Good Luck to us, we are going to need all we can get.

I dont get why people are blaming obama on this. Its not like he made this debt. He inherited it.

If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.

True, however, rather than taking leadership and working to lower it, he made a budget that would increase the debt by another 1.2 trillion, not one member of congress voted for it.

Also, when he has increased the debt per day more than any other president in history.
-He created ANOTHER war in Libya that was NOT authorized. He increased the Afghan war with the surge, which militarily was a success but, why the hell are we in that pile of rocks anyways anymore?
-By the way, Bush was a massive Gov't endorser too, so I'm not defending him, after all he was the one that had the 2008 housing bubble on his watch.
---What I want- A return to fiscal conservatism.

I read this yesterday ... I wasn't shocked to see it.

As current captain Obama is partial responsible of course. To blame it all on him though is not understanding the complex nature of the whole mess we are in. Congress passes budgets, the president signs it or vetos it. Its more complex then that, just giving a simple example of its more than one man.

If you remember back a few years our economy was in the crapper before Obama was elected. One could easily argue when he took over the ship, it had already hit the iceberg.

Lol Obama didnt start the war in libya. I dont even think americans are fighting there, and if they are its in a minimal way. Its mostly the bigger european countries. Bush spent 8 years in office going to war and im pretty sure this cost of war went along way to building that debt. And to then say its obama's fault that they are still there is just trying too hard to find reasons to give out about him.

Quote:

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Originally Posted by bmeelneg

I read this yesterday ... I wasn't shocked to see it.

As current captain Obama is partial responsible of course. To blame it all on him though is not understanding the complex nature of the whole mess we are in. Congress passes budgets, the president signs it or vetos it. Its more complex then that, just giving a simple example of its more than one man.

If you remember back a few years our economy was in the crapper before Obama was elected. One could easily argue when he took over the ship, it had already hit the iceberg.

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Again- I get it, he inherited part of it, but where's the American Spirit that once would stand on PRINCIPLE and take responsibility, work your damned hardest, and try to fix the problem.
He HAS 1 adviser or "Czar" that had run a business in the private sector. The others like Amelia Dunn quote Mao Tse Dung, former communist premier of China in our nation's colleges.
Not to mention the people like George Soros who is quoted as saying he himself was " God-Like " who broke the bank of England by massively shorting it, now saying that the world's problem is the United States.

A saying I heard in recovery," It doesn't matter how the cart got in the ditch, but how do we get it out of the ditch "? You guys placing blame , are doing the same thing our government does and is why nothing gets done.

Wagon well put. We all know many of people are to blame here but now the only thing that matters is working to get the hell outta it.

Quote:

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Originally Posted by GottImHimmel

Again- I get it, he inherited part of it, but where's the American Spirit that once would stand on PRINCIPLE and take responsibility, work your damned hardest, and try to fix the problem.
He HAS 1 adviser or "Czar" that had run a business in the private sector. The others like Amelia Dunn quote Mao Tse Dung, former communist premier of China in our nation's colleges.
Not to mention the people like George Soros who is quoted as saying he himself was " God-Like " who broke the bank of England by massively shorting it, now saying that the world's problem is the United States.

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You give out that his adviser ran a business. This should mean obama is a great step up from the previous president. Bush just a guy with a lot of money using his power to help out his rich buddies. Look at bush to think he was actually president is mind boggling. Obviously obama is going to try to fix this problem with the debt. But by doing this he will have to implement alot of things like higher taxes and cut spending, Everyone will be on his case about highgering taxes but if he doesnt they will be onto him about the debt. Damned if you do and damned if you dont

Prawney. Again with the Bush thing, Bush was a Republican Progressive just like Obama is a Democratic Progressive. Raising taxes is one of the single worst things we could do. Again, we need to cut taxes, simplify the tax code, lower regulations and this huge bureaucracy needs to go. The over-powerful unions ran the steel mills right out of business, I mean, just look at Detroit. So again, we need to grow the Private Sector, that's where wealth is generated, NOT the public sector. The new deal DID NOT end the great depression, the worst year of the great depression was in 1939, long after the NRA was implemented. The second world war got us out of the Great Depression. So here we go, the battle of Keynesian economics vs. Supply Side Economics, One saying to throw massive amounts of liquidity into the system in hopes of stimulating it, and the other lowering taxes to grow the private sector. The track record is clear, after we got Jimmy Carter out Ronald Reagan created an economic boom. The Soviet Union Collapsed, the Weimar Republic ( known for it's hyper-inflationary downturn ) was over taken by Hitler, and Zimbabwe is now one of the worst places in the world.

Lowering taxes to increase the priave sector will in the short term anyways raise the national debt. And your arguement earlier was that obama's budget is raising the debt. Your just throwing out arguments that contradict previous things you say. You want the Debt to lower without having to endure any of the negative effects of what goes along with this process. Damned if you do. Damned if you dont!

I just maintain my first argument. We need to endure a tough time in order to get out of this. Rather do it now than collapse on the weight later.

Blame Congress and the 4-5 past US Presidents

Does it really change that much anyway ??? We will see some interest rates go up but for the average American not going to make that big of a difference

Obama did have something to do with all of this. even 911 he was in the middle of that one.
his dad is from iran or how every you spell it. just another nigger / sand nigger

All of our Presidents keep telling us that they are trying to fix the debt. BULLSHIT all these politicians are keep the money for themselves. Why do you think the country is in debt so far. Because they keep taking the money for their own cause. Thats another reason why we have all this cool technology we have too. we have it to keep us in frontof the laptop, Ipad, Computer, and sitting on the couch watching the big screen TV and we are clueless about whats going on in our country. Ask someone who lives in another counrty what thier idea of an american is. Most likely they are going to say "a fat and lazy sitting on the couch watching tv or playing online, clueless and lost in technology"

buckle your seatbelts cause kansas is going bye bye

Our economy is about to collapse hands down...don't even know why I'm still playing poker BCUZ I LOVE IT