mnealtx 0 #51 August 6, 2011 Quote>Sounds like they bought your usual spin. S+P bought "my usual spin" and set their credit rating of the US as a result? Wow, I had no idea how much power I had as a lowly moderator on a skydiving forum! Evidently as much power as S&P thinks the House has over the Dem Senate and Obama.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
mnealtx 0 #52 August 6, 2011 Quote>Spending cuts and reform need to happen before we even look at raising taxes. BOTH need to happen NOW - and S+P just stated that since the republicans are unwilling to compromise, they have downgraded our credit rating. Until both sides are willing to give up their sacred cows it will continue to be a clusterfuck. "We could lower the long-term rating to 'AA' within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case." "The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy." "In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability."Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
Skyrad 0 #53 August 6, 2011 QuoteQuoteAn awful lot of that perceived safety is directly related to all of our aircraft carriers. which the chinese are paying for... Warning, your aircraft carrier may be at risk if you are unable to keep up your payment on your loans and may be repossessed. Offer subject to terms and conditionsWhen an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
jdfreefly 1 #54 August 6, 2011 The same people that paid into Social Security voted for the people and the policies that looted it. If the insured voted people into office that traded SS funds for government IOUs, they get what they deserved. If you are counting on the government to take care of you in your old age you are setting yourself up for a disappointment. Methane Freefly - got stink? Quote Share this post Link to post Share on other sites
Bolas 5 #55 August 6, 2011 Quote>Spending cuts and reform need to happen before we even look at raising taxes. BOTH need to happen NOW - and S+P just stated that since the republicans are unwilling to compromise, they have downgraded our credit rating. Until both sides are willing to give up their sacred cows it will continue to be a clusterfuck. I disagree. 1. Balance the budget only with spending cuts and program reforms. All future budgets must at least balance but surpluses highly encouraged. 2. Simplify the tax code and eliminate loopholes to provide surplus that can be used to pay off foreign owners of our debt. 3. Temporary across the board tax increase/equivalent benefits reductions to pay off more. If program does not produce additional revenue (likely), discontinue.Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh. Quote Share this post Link to post Share on other sites
jdfreefly 1 #56 August 6, 2011 QuoteBOTH need to happen NOW - and S+P just stated that since the republicans are unwilling to compromise, they have downgraded our credit rating. Until both sides are willing to give up their sacred cows it will continue to be a clusterfuck. You talk out both sides of your mouth. On the one hand, it's all the tea party's fault because they refused to raise taxes, but then you admit that "until both sides are willing to give up their sacred cows it will continue to be a clusterfuck." As much as I am for smaller government and lower taxes, I agree that it's insane to think we're getting out of this without "raising" taxes...raising in quotes because I'm not sure that's really necessary, closing newly added loopholes doesn't really mean raising taxes to me. Still, we need to get the spending under control. Start with the war machine and then follow up with the defunding of government agencies that have become extensions of the corporate interests they are supposed to regulate..FDA, EPA, SEC and the FCC. Then, it's time the baby boomers paid the piper. They've elected and supported the fools that got us where we are. That's right, social security, medicare and medicaid will need to be cut. Once you make the first slew of changes it might not be so bad, probably have to unclose the donought hole closed by Bush (which he neglected to pay for anyway). Those sacred cows need to be sacrificed. With all of those changes, that should take us back to a surplus and we could start paying down the debt racked up by previous generations. Methane Freefly - got stink? Quote Share this post Link to post Share on other sites
DanJohnson 0 #57 August 6, 2011 ***]The same people that paid into Social Security voted for the people and the policies that looted it. Quote The overwhelming majority of people who paid into Social Security never voted probably because they understood the system is rigged by the wealthy corporations and the criminal banksters. Many never voted because they didn't want their participation in the sham of elections to lend false credibility to those elections. Quote Share this post Link to post Share on other sites StreetScooby 5 #58 August 7, 2011 Quote and may be repossessed. They're more than welcome to try We are all engines of karma Quote Share this post Link to post Share on other sites StreetScooby 5 #59 August 7, 2011 Quote I agree that it's insane to think we're getting out of this without "raising" taxes. What we need to do is raise revenue for the government to get out of this mess. That can be done best by putting business friendly policies in place. I'm also in favor of eliminating tax loop holes.We are all engines of karma Quote Share this post Link to post Share on other sites jdfreefly 1 #60 August 7, 2011 I would agree with that if it were small business friendly. Large publicly traded corporations have all the breaks they need. It's the small and medium businesses in this country that need help, not walmart and exxon. Methane Freefly - got stink? Quote Share this post Link to post Share on other sites mcrocker 0 #61 August 7, 2011 QuoteMonday will be interesting to watch the markets. I hope they dont freak but I highly doubt it. Europe imploding will have a much bigger impact on the market than an AA+ rating for the U.S. It is a race now but I think Italy will go bankrupt before Greece. Quote Share this post Link to post Share on other sites CanuckInUSA 0 #62 August 7, 2011 Quote I think Italy will go bankrupt before Greece I will see your Italian Greece and raise you a dose of Spain. Try not to worry about the things you have no control over Quote Share this post Link to post Share on other sites DanJohnson 0 #63 August 7, 2011 ***What we need to do is raise revenue for the government to get out of this mess. That can be done best by putting business friendly policies in place. I'm also in favor of eliminating tax loop holes. How about manufacturing freindly policies like rasing tarrifs on imports and doing away with this free trade crap? Sure for a while everything we buy at WalMart will cost more but American manufacturers will develop providing jobs for Americans. What ever happened to made in the USA? Quote Share this post Link to post Share on other sites
StreetScooby 5 #58 August 7, 2011 Quote and may be repossessed. They're more than welcome to try We are all engines of karma Quote Share this post Link to post Share on other sites
StreetScooby 5 #59 August 7, 2011 Quote I agree that it's insane to think we're getting out of this without "raising" taxes. What we need to do is raise revenue for the government to get out of this mess. That can be done best by putting business friendly policies in place. I'm also in favor of eliminating tax loop holes.We are all engines of karma Quote Share this post Link to post Share on other sites
jdfreefly 1 #60 August 7, 2011 I would agree with that if it were small business friendly. Large publicly traded corporations have all the breaks they need. It's the small and medium businesses in this country that need help, not walmart and exxon. Methane Freefly - got stink? Quote Share this post Link to post Share on other sites
mcrocker 0 #61 August 7, 2011 QuoteMonday will be interesting to watch the markets. I hope they dont freak but I highly doubt it. Europe imploding will have a much bigger impact on the market than an AA+ rating for the U.S. It is a race now but I think Italy will go bankrupt before Greece. Quote Share this post Link to post Share on other sites
CanuckInUSA 0 #62 August 7, 2011 Quote I think Italy will go bankrupt before Greece I will see your Italian Greece and raise you a dose of Spain. Try not to worry about the things you have no control over Quote Share this post Link to post Share on other sites
DanJohnson 0 #63 August 7, 2011 ***What we need to do is raise revenue for the government to get out of this mess. That can be done best by putting business friendly policies in place. I'm also in favor of eliminating tax loop holes. How about manufacturing freindly policies like rasing tarrifs on imports and doing away with this free trade crap? Sure for a while everything we buy at WalMart will cost more but American manufacturers will develop providing jobs for Americans. What ever happened to made in the USA? Quote Share this post Link to post Share on other sites
Bolas 5 #64 August 7, 2011 Quote ***What we need to do is raise revenue for the government to get out of this mess. That can be done best by putting business friendly policies in place. I'm also in favor of eliminating tax loop holes. How about manufacturing freindly policies like rasing tarrifs on imports and doing away with this free trade crap? Sure for a while everything we buy at WalMart will cost more but American manufacturers will develop providing jobs for Americans. What ever happened to made in the USA? Can't really raise tariffs on imports with China owning such a larger portion of the debt. Of course there are other ways to level the playing field such as subject all imported products to the same environmental requirements as if the goods were produced here or they pay a non green fine per product, Edited to add: While labor costs was a larger reason most manufacturing when overseas, environmental groups and the EPA likely pushed even more heavy industry out.Stupidity if left untreated is self-correcting If ya can't be good, look good, if that fails, make 'em laugh. Quote Share this post Link to post Share on other sites
Skyrad 0 #65 August 7, 2011 Quote Quote and may be repossessed. They're more than welcome to try When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
Skyrad 0 #66 August 7, 2011 Quote Quote I think Italy will go bankrupt before Greece I will see your Italian Greece and raise you a dose of Spain. I'll see your Greece and take a punt on Ireland.When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
StreetScooby 5 #67 August 7, 2011 Quote I would agree with that if it were small business friendly. This is the most anti-business administration I've ever seen, and it is simply shocking. A friend of mine is a general manager for an oil drilling company in Houston, in charge of Gulf of Mexico operations. Obama has not approved a single permit for them. My friend was telling me that prior to Obama, the revenues from leasing, royalties and taxes was the 2nd highest revenue into the Treasury. Obama has killed that. Now, with the results of the CERES satellite in (which shows, with real data, the Earth is losing plenty of heat and that the global warming models are wrong), there is no need for the EPA to have this ridiculous job-killing focus on greenhouse gases. It is simply mind boggling what they're doing.We are all engines of karma Quote Share this post Link to post Share on other sites
Amazon 7 #68 August 7, 2011 QuoteQuote I would agree with that if it were small business friendly. This is the most anti-business administration I've ever seen, and it is simply shocking. A friend of mine is a general manager for an oil drilling company in Houston, in charge of Gulf of Mexico operations. Obama has not approved a single permit for them. My friend was telling me that prior to Obama, the revenues from leasing, royalties and taxes was the 2nd highest revenue into the Treasury. Obama has killed that. Now, with the results of the CERES satellite in (which shows, with real data, the Earth is losing plenty of heat and that the global warming models are wrong), there is no need for the EPA to have this ridiculous job-killing focus on greenhouse gases. It is simply mind boggling what they're doing. Well golly gee So basically.... when one lives in a polluted cesspool.. that is good enough for everyone else too.. got it. Quote Share this post Link to post Share on other sites
StreetScooby 5 #69 August 7, 2011 Quote when one lives in a polluted cesspool The Gulf of Mexico is a polluted cesspool?We are all engines of karma Quote Share this post Link to post Share on other sites
Amazon 7 #70 August 7, 2011 QuoteQuote when one lives in a polluted cesspool The Gulf of Mexico is a polluted cesspool? Oh yeah... dumping millions of barrels of oil into any body of water.. makes for some pretty pristine waters... dumping billions of cubic feet of polluted air into the skies of Texas and Louisiana.... sure makes for pretty sunsets and cool colored layers to jump thru. We get it.. the Oil biz rules all political thought in Texas... as long as they are making vast wealth.. who needs air to breathe that is clean.... or water or seafood that is untainted. Quote Share this post Link to post Share on other sites
hwt 0 #71 August 7, 2011 Quote >Spending cuts and reform need to happen before we even look at raising taxes. BOTH need to happen NOW - and S+P just stated that since the republicans are unwilling to compromise, they have downgraded our credit rating. Until both sides are willing to give up their sacred cows it will continue to be a clusterfuck. they did not state that ... get your facts straight. they did say that if either of the house plans were passed , they would not have down graded us . Quote Share this post Link to post Share on other sites
hwt 0 #72 August 7, 2011 Here is bottom line.. Obama... had no plan Senate...no plan house... 2 fiscally ok plans Obama and Reid never addressed spending.We have a spending problem. and until they address that problem ,,, no more taxes. We need a flat tax. Quote Share this post Link to post Share on other sites
StreetScooby 5 #73 August 7, 2011 Quote Oh yeah... dumping millions of barrels of oil into any body of water. Rough estimate for BP oil spill was 5MM barrels. That equates to about 1MM cubic feet, or 0.0000283 cubic kilometers. Gulf of Mexico has 2,434,000 cubic kilometers of water. The ratio of those two numbers is 0.000000000012. The Gulf of Mexico is not a cesspool. Don't get me wrong, I'm not advocating or justifying BP's actions.We are all engines of karma Quote Share this post Link to post Share on other sites
Amazon 7 #74 August 7, 2011 QuoteQuote Oh yeah... dumping millions of barrels of oil into any body of water. Rough estimate for BP oil spill was 5MM barrels. That equates about 1MM cubic feet, or 0.0000283 cubic kilometers. Gulf of Mexico has 2,434,000 cubic kilometers of water. The ratio of those two numbers is 0.000000000012. The Gulf of Mexico is not a cesspool. Don't get me wrong, I'm not advocating or justifying BP's actions. Please go down to any of your local waterways in Houston... and take a nice big drink....mmmmmm now doesn't that taste like MONEY Quote Share this post Link to post Share on other sites
StreetScooby 5 #75 August 7, 2011 Quote Please go down to any of your local waterways in Houston... and take a nice big drink....mmmmmm now doesn't that taste like The people in Houston have jobs (so far). They just need to open the water taps in their house to take a drink.We are all engines of karma Quote Share this post Link to post Share on other sites
