So all the king's horses and all the king's men (Congress) including the king hismelf couldn't put our national debt bill together again. Very sad! Especially when they knew that our national rating would be lowered. I say a plague on both of their houses, both the Republicans and Democrats, forcing us to watch forever two weeks their play acting/drama. They are all deceivers and appear to be dishonest/corrupt. Shame on all of them.
Hope and Change. Spending on social programs BAD. Cutting frivolous Pork Projects Good. Taken the office and Pretending to run the Country Priceless in the eyes of the Obama Administration by printing money bankrupting our economy. Giving money to Countries who actually hate the USA " Hillary." Why does the media,hollywood elite and others back the Libeal,Social agenda? Our for Fathers really messed up on thing being Fredom of the press not the right to bear arms.
Obama and the Democrats stubbornly ignored and viciously and violently attacked the "Tea Party" and did not cut, cap and balance! Now the rest of the world is giving the child Democrats a well deserved spanking! But will the Democrats take their medicine, repent and learn from their sin or will they continue to blame the adult "Tea Party" for their massive failure and sin? My money says the Democrats will continue to run head down at the brick wall of their rebellion of "Tea Party" truth, justice and righteousness! Obama and the Democrats spent over 5 trillion dollars in four years to Bush's 2 trillion in 6 years, if you exclude since 2007 when the Democrats controlled the House and Senate. "Aren't those facts a stubborn thing?" Ronald "the Great" Reagan. According to Joe Biden, "we must spend our way out of debt." Maybe the Democrats clung to the wrong Kenye-sian scheme, and should have listened to the "Tea Party" from day one. Or maybe the destruction of the free markets is what the Democrats really wanted from the beginning. You be the judge! If I wanted to destroy the free markets, financial independence and Christian America, I would have done everything the Democrats did so far. Come on Democrats, it's time to put down the Obama dolls and koolaide!
Incoming, it's tea/truth time! Hit the bomb shelters and bunkers Democrats!
So, how did we get here and who did what and when?
Democrats Party goes on wild, insane 5 trillion dollar Kenye-sian spending spree since Jan, 2007, and brings economy right to the edge of the cliff. Joe Biden, "we have to spend our way out of debt." The anti-Tea Party Democrats wait to the very last minute of 800 days so they were able to create a dire situation around a possible default. The Democrats then hold the citizens hostage by "strapping bombs" to themselves and threatening to blow up everyone unless their credit card limit is raised. Republicans/"Tea Partiers" try in vain to pry the bomb detonator from the hand of the Democrat Party Jihadists. Republicans not knowing if the Democrat Party terrorists were bluffing, (Obama said to Republicans during the debt debate, "don't call my bluff), and not wanting the consequence for the working labor class, citizen taxpyer, if they were not, fold stronger "Tea Party" hand that would have neutralized the bomb and saved the economy. Within a few days after the deal with the Devil/Democrats is fully read and understood, the real mathematics of the economy deal Democrat Party failed Kenye-sian economic policies a mortal blow via a stock market crash and S&P downgrade! Now whose "crazy?" Ha!
Many on the left continue in their childish, insane delusion and won't confront/accept the reality of the consequences of their sin. The stock market crash and S&P downgrade has absolutely nothing to do with the "last minute" deal or the contentious debates and/or negotiations, for this is not new to politics. It has everything to do with the content of the so-called "compromise." Under coercion and hostage taking Obama was given a blank check for over 2 trillion dollars. The spending cuts proposed are under 2 trillion over 10 years, and are not immediate. There is no definite spending cap related to G.N.P., and most importantly of all, the plan rejected by the Democrats to agree on a balance budget amendment, so we don't end up here again, was one of the main factors in the stock market crash and S&P downgrade. The business world doesn't believe the Democrats will deliver on fiscal sanity, unless they are required to by a binding agreement and amendment. The "Tea Party" deal that was passed in the House and violently rejected by Dirty Harry Reid would have prevented a stock market crash and S&P downgrade even though that didn't go near far enough to cut, cap and balance. Conclusion: Obama and the Democrats wholly own the stock market crash and S&P downgrade, even though as usual, try as they may to pass the blame!
"This decision by S&P is the latest consequence of the out-of-control spending that has taken place in Washington for decades. The spending binge has resulted in job-destroying economic uncertainty and now threatens to send destructive ripple effects across our credit markets." - John Boehner
As a nation what are we to make of this statement issued by the Speaker of The House? What conclusions should we reach? When does it become our responsibility to begin to recall those politicians who are willing to degrade and destroy our financial stability just to prove a dysfunctional ideology? My logic is that it is when those who are the leaders fail to take any responsibility.
The fear that he is being pushed aside by Eric Cantor has clouded Boehner's ability to act in a manner which would have avoided this disaster to our national credit rating. He has failed to lead and regardless of how irresponsible the actions were of his junior legislators and the House Majority Leader in a budget crisis (created when there should not have been a crisis) regarding paying our bills. This is Speaker Boehner's watch and we are hearing no responsibility.
When interviewed on CNN last evening by Anderson Cooper, "...John Chambers, the head of sovereign ratings at S&P, said "that the political brinkmanship over the debt ceiling proved to be a key issue, with "the U.S. government getting to the last day before they had cash-management problems."
Asked who was to blame, Chambers said, "This is a problem that's been a long time in the making -- well over this administration, the prior administration."Congress should shoulder some of the blame, he said. "The first thing it could have done is to have raised the debt ceiling in a timely manner so that much of this debate had been avoided to begin with, as it had done 60 or 70 times since 1960 without that much debate." Chambers added that his agency's decision is likely to have a long-term impact. "Once you lose your AAA, it doesn't usually bounce back,"..."He pointed to the decision by Congress about whether to extend the 2001 and 2003 tax cuts as one crucial area."If you let them lapse for the high-income earners, that could give you another $950 billion," he said."
It is important to our nation that we have leadership capable of being able to actually understand their actions have greatly contributed to the very existence of a problem. Sadly, the Republican Speaker of the House John Boehner has failed even at this basis task.
It is time to begin accepting the resignations, are to begin the recall process, of any elected official who believes they do not have to act at all times in the best interest of this nation. No party excluded. Our failure as citizens to do less will only contribute to the slide down the morass of hate and separation between us until the gap has so widened that it becomes irreparable.
The following are responsible for the current det crisis in the United States:
OBAMA
BUSH
A BOUGHT AND PAID FOR CONGRESS
BIG BUSINESS
OIL COMPANIES
AFGHANISTAN THE DEPARTMENT OF DEFENSE
BANKS THAT FAILED AND WERE THEN BAILED OUT
WALL STREET
THE FEDERAL RESERVE
Manufacturing and Farm products being produced overseas. The US has no income--we import but have little to export. They can cut, cap til he!! freezes over but until the US (ONCE GAIN) becomes the big exporter it once was we have NO revenue to support the country except off the backs of people just scraping by.
All of us, who practice "charge it" mentality. We are are worst enemies we have become a wealthy,corrupt greed, self-centered people, all of us including our national leaders. We may want to read the Book of Amos in Sacred Scripture, about the results of a greedy and corrupt nation.
"Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act."
Standard and Poor's is just another weapon in the GOP arsenal to destroy the president. The 2012 election is nearly a year away so to them this is the right time to wreck the US economy by asking thier good friends at Standard and Poor's to downgrade the US credit rating.
Obama's redistributionist Socialist-lite class warfare "stimulus" has spent the U.S. economy into a Keynsian coma, buried the U.S. under a mountain of debt, and caused us to lose our AAA bond rating. Michele Bachmann has been 100% right all along on the TARP and the debt ceiling vote.
The fact that you think Ballonhead Bachmann was right about anything proves that your single brain cell is getting lonely. It was you right wingnuts that caused S&P to downgrade the US.
But of course, facts mean nothing to you morons! If it wasn't for the fact that you've ruined the country, you republiClowns and teabaggers would be amusing!
Dick Armey Tea Baggers - You DID ruin the country by supporting Dick Armey and Koch Bros. Tea Baggers - You DID ruin the country by supporting policies and positions maintaining status quo for top 2% who grew wealthy from outsourcing and retaining tax cuts they didn't need only given after a budget surplus. That 3% tax cut was give AFTER a period creating 24 million jobs here in USA for a decade. For all of our nation's ills, now its evident less-than-bright ideologues guide the direction of the nation defund programs designed to build a nation and protect its environment.
Are you serious? All of the GOP President hopefuls (excluding Huntsman) were saying that they wanted the US to default, which would have caused downgrades by all three major agencies, not just S&P. Bachmann is a major hypocrite
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So, how did we get here and who did what and when?
Democrats Party goes on wild, insane 5 trillion dollar Kenye-sian spending spree since Jan, 2007, and brings economy right to the edge of the cliff. Joe Biden, "we have to spend our way out of debt." The anti-Tea Party Democrats wait to the very last minute of 800 days so they were able to create a dire situation around a possible default. The Democrats then hold the citizens hostage by "strapping bombs" to themselves and threatening to blow up everyone unless their credit card limit is raised. Republicans/"Tea Partiers" try in vain to pry the bomb detonator from the hand of the Democrat Party Jihadists. Republicans not knowing if the Democrat Party terrorists were bluffing, (Obama said to Republicans during the debt debate, "don't call my bluff), and not wanting the consequence for the working labor class, citizen taxpyer, if they were not, fold stronger "Tea Party" hand that would have neutralized the bomb and saved the economy. Within a few days after the deal with the Devil/Democrats is fully read and understood, the real mathematics of the economy deal Democrat Party failed Kenye-sian economic policies a mortal blow via a stock market crash and S&P downgrade! Now whose "crazy?" Ha!
Many on the left continue in their childish, insane delusion and won't confront/accept the reality of the consequences of their sin. The stock market crash and S&P downgrade has absolutely nothing to do with the "last minute" deal or the contentious debates and/or negotiations, for this is not new to politics. It has everything to do with the content of the so-called "compromise." Under coercion and hostage taking Obama was given a blank check for over 2 trillion dollars. The spending cuts proposed are under 2 trillion over 10 years, and are not immediate. There is no definite spending cap related to G.N.P., and most importantly of all, the plan rejected by the Democrats to agree on a balance budget amendment, so we don't end up here again, was one of the main factors in the stock market crash and S&P downgrade. The business world doesn't believe the Democrats will deliver on fiscal sanity, unless they are required to by a binding agreement and amendment. The "Tea Party" deal that was passed in the House and violently rejected by Dirty Harry Reid would have prevented a stock market crash and S&P downgrade even though that didn't go near far enough to cut, cap and balance. Conclusion: Obama and the Democrats wholly own the stock market crash and S&P downgrade, even though as usual, try as they may to pass the blame!
As a nation what are we to make of this statement issued by the Speaker of The House? What conclusions should we reach? When does it become our responsibility to begin to recall those politicians who are willing to degrade and destroy our financial stability just to prove a dysfunctional ideology? My logic is that it is when those who are the leaders fail to take any responsibility.
The fear that he is being pushed aside by Eric Cantor has clouded Boehner's ability to act in a manner which would have avoided this disaster to our national credit rating. He has failed to lead and regardless of how irresponsible the actions were of his junior legislators and the House Majority Leader in a budget crisis (created when there should not have been a crisis) regarding paying our bills. This is Speaker Boehner's watch and we are hearing no responsibility.
When interviewed on CNN last evening by Anderson Cooper, "...John Chambers, the head of sovereign ratings at S&P, said "that the political brinkmanship over the debt ceiling proved to be a key issue, with "the U.S. government getting to the last day before they had cash-management problems."
Asked who was to blame, Chambers said, "This is a problem that's been a long time in the making -- well over this administration, the prior administration."Congress should shoulder some of the blame, he said. "The first thing it could have done is to have raised the debt ceiling in a timely manner so that much of this debate had been avoided to begin with, as it had done 60 or 70 times since 1960 without that much debate." Chambers added that his agency's decision is likely to have a long-term impact. "Once you lose your AAA, it doesn't usually bounce back,"..."He pointed to the decision by Congress about whether to extend the 2001 and 2003 tax cuts as one crucial area."If you let them lapse for the high-income earners, that could give you another $950 billion," he said."
It is important to our nation that we have leadership capable of being able to actually understand their actions have greatly contributed to the very existence of a problem. Sadly, the Republican Speaker of the House John Boehner has failed even at this basis task.
It is time to begin accepting the resignations, are to begin the recall process, of any elected official who believes they do not have to act at all times in the best interest of this nation. No party excluded. Our failure as citizens to do less will only contribute to the slide down the morass of hate and separation between us until the gap has so widened that it becomes irreparable.
OBAMA
BUSH
A BOUGHT AND PAID FOR CONGRESS
BIG BUSINESS
OIL COMPANIES
AFGHANISTAN
THE DEPARTMENT OF DEFENSE
BANKS THAT FAILED AND WERE THEN BAILED OUT
WALL STREET
THE FEDERAL RESERVE
Can you add to this list.?
If so, please do.
Jobs Jobs Jobs, the only "fix" to our economy.
"Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act."
But of course, facts mean nothing to you morons! If it wasn't for the fact that you've ruined the country, you republiClowns and teabaggers would be amusing!