downgrading our credit rating

JCricket · #1 07-23-2011, 09:06 AM

I was just watching fox a bit ago. They had a guy on that was saying he thought a downgrade in our credit rating is now inevitable. Actually, he said if we could come up with a really good budget, maybe not. But, he thought that was impossible to do in time.

I kind of liked the guy, he didn't just bash everyone. I searched fox online and couldn't find his name.

So, he says we are very likely to loose our AAA credit rating. What do you folks think? Good, bad, or other.

I am kind of wierd and twisted. I thihnk it might do this country some good to have to face up and take responsibility for our financial woes. Maybe it wold help us.

finnbow · #2 07-23-2011, 10:20 AM

In the current state of our economy and budget, it will prove devastating. It will increase our debt payments as interest on Treasuries go up. Similarly, it will increase the cost of consumer and business credit. Very bad news.

BlueStreak · #3 07-23-2011, 10:46 AM

Quote:

Originally Posted by JCricket

I thihnk it might do this country some good to have to face up and take responsibility for our financial woes. Maybe it wold help us.

Really, ya think so? No offense, but..........Dude.

I, like most Americans, am all for getting our financial house in order. So long as they don't raise my taxes or ask me to sacrifice anything. It's single Moms and the queers that are killing us. Them and the people who are out to destroy Christmas. So, our only hope is to elect a homophobic religious zealot into the Whitehouse and help us get our priorities straight. And then we'll deal with all of that money whatchamawhosits that the commie ni**er from Kenya caused later.

Now, if you'll excuse me, I must finish gluing teabags to my three cornered hat. Just as Washington bravely did when he crossed the Nile to fight those people from France who seem to think the purpose of a government is to govern.

Idiots!

Dave

merrylander · #4 07-23-2011, 12:46 PM

The government should be like everyone and save up all their spare cash. Of course then no one would be spending money and the economy would go in the toilet.

JCricket · #5 07-23-2011, 02:07 PM

Do I think it might be good for us? Yep.

Not easy, but good.

I think we may be past a simple repair in our government. Time for an overhaul so to speak. If this sytem breaks down, really breaks down, what happens? A lot of people are going to get real crancky. Business as usual will stop.

I look forward to the change. Another of my radical ideas I know.

merrylander · #6 07-23-2011, 02:26 PM

Try that idea on all the old women who are going to starve because a collection of stupid assholes signed Norquist's pledge. Alan Simpson was interviewed in the latest issue of Time and he called the pledge excactly what it is - a truly stupid idea. For the issue that featured an artice on Grover the letters to the editor were 100% against him. He is an egotistical idiot but the people who signed his no tax pledge are cretins.

JCricket · #7 07-23-2011, 03:36 PM

Do you really think it would come to that? All of the old folks I know that are dependant on these "entightlements" are mothers of voters.

How many folks would let the mom or dad starve? How many would forget the folks who let it happen? How many of the folks in charge don't think this far ahead?

Oaky, the last question is a stretch.

CarlV · #8 07-23-2011, 06:05 PM

Well we do that already. Many elderly have to decide between heat, prescriptions, and food. It is not possible for them to have as much of these most very basic things as they need on a daily basis.

How many folks would let the mom or dad starve?
I wouldn't call it let. You read the posts here the rich are getting moreso disproportionately to the middle class. And yet we keep putting more on the backs of the middle class. It just isn't there either is a more likely scenario. They have nothing to spend our economy back to where it should be and the rich who basically gave it to themselves are just sitting on it.

And of course blaming the president is the proper course of action as it truly gets to the heart of this problem.

Carl

CarlV · #9 07-23-2011, 06:16 PM

By the way, IMO it truly was intended to be a get one more over on the too willing to compromise president we have. It will be enacted, just not with any bells and whistles that are rarely a part of this ancient ritual.
Anybody who thinks the budget can be fixed with out any revenue increase is a complete effing idiot.

Carl

BlueStreak · #10 07-23-2011, 06:42 PM

You give too many people too much credit for foresight, JCricket.

Haven't we watched people who work in manufacturing walk into stores and gladly buy up all of the cheapest foreign made stuff they can find, only to find THEMSELVES unemployed a few years later, and wondering what happened? I've seen it over and over again, all of my life.

How many people do you know personally, who decry things like SS and Medicare/Medicaid as "socialism"?....Then when you get them talking, you discover that they have NOTHING, nada, zip, zero planned for their own retirement? Aren't even trying.

Think about it.

Dave