The Tea Party downgrade

[briansd1]

[quote=jstoesz]

Again false…doesn’t france get a new government every twenty years? Who knows what will happen there.

http://en.wikipedia.org/wiki/Politics_of_France

[/quote]

jsotoez, I’m not saying that France is more stable than we are.

Based on the S&P ratings, S&P is implying that France is more stable (based on their 5 criteria) and more likely to pay back their sovereign debts.

You and I may not agree with S&P, but their rationale is what it is.

[jstoesz]

Brian also, can you clear up my confusion? If they are being more accurate and transparent now, does that mean that our rating should have been downgraded. All we have to due is kick out our tea party, and we will be back in line with France and the UK?

I have always had the opinion that we just need to regulate intelligence and good morals.

Problem solved! High Fives all around everyone!

[jstoesz]

Brian also, can you clear up my confusion? If they are being more accurate and transparent now, does that mean that our rating should have been downgraded. All we have to due is kick out our tea party, and we will be back in line with France and the UK?

I have always had the opinion that we just need to regulate intelligence and good morals.

Problem solved! High Fives all around everyone!

[jstoesz]

Brian also, can you clear up my confusion? If they are being more accurate and transparent now, does that mean that our rating should have been downgraded. All we have to due is kick out our tea party, and we will be back in line with France and the UK?

I have always had the opinion that we just need to regulate intelligence and good morals.

Problem solved! High Fives all around everyone!

[jstoesz]

Brian also, can you clear up my confusion? If they are being more accurate and transparent now, does that mean that our rating should have been downgraded. All we have to due is kick out our tea party, and we will be back in line with France and the UK?

I have always had the opinion that we just need to regulate intelligence and good morals.

Problem solved! High Fives all around everyone!

[jstoesz]

Brian also, can you clear up my confusion? If they are being more accurate and transparent now, does that mean that our rating should have been downgraded. All we have to due is kick out our tea party, and we will be back in line with France and the UK?

I have always had the opinion that we just need to regulate intelligence and good morals.

Problem solved! High Fives all around everyone!

[KIBU]

Don’t give a damn about S&P rating? You are absolutely not alone in that belief.

Half of the Republican party didn’t give a damn about their actions and the warned consequences. They rather had a good fight with the country interest on the line than doing something really productive. I may agree with their desired “ends”, but absolutely think their “means” are irresponsible.

[KIBU]

Don’t give a damn about S&P rating? You are absolutely not alone in that belief.

Half of the Republican party didn’t give a damn about their actions and the warned consequences. They rather had a good fight with the country interest on the line than doing something really productive. I may agree with their desired “ends”, but absolutely think their “means” are irresponsible.

[KIBU]

Don’t give a damn about S&P rating? You are absolutely not alone in that belief.

Half of the Republican party didn’t give a damn about their actions and the warned consequences. They rather had a good fight with the country interest on the line than doing something really productive. I may agree with their desired “ends”, but absolutely think their “means” are irresponsible.

[KIBU]

Don’t give a damn about S&P rating? You are absolutely not alone in that belief.

Half of the Republican party didn’t give a damn about their actions and the warned consequences. They rather had a good fight with the country interest on the line than doing something really productive. I may agree with their desired “ends”, but absolutely think their “means” are irresponsible.

[KIBU]

Don’t give a damn about S&P rating? You are absolutely not alone in that belief.

Half of the Republican party didn’t give a damn about their actions and the warned consequences. They rather had a good fight with the country interest on the line than doing something really productive. I may agree with their desired “ends”, but absolutely think their “means” are irresponsible.

[briansd1]

[quote=jstoesz]Brian also, can you clear up my confusion? If they are being more accurate and transparent now, does that mean that our rating should have been downgraded. All we have to due is kick out our tea party, and we will be back in line with France and the UK?

[/quote]

S&P is an independent rating agency.

The Dodd-Frank bill curbs reliance on the rating agencies by removing reference to credit rating in statutes and by removing exemptions they previously enjoyed.

S&P’s formula is secret. But their 5 criteria are:
1) Political
2) Economy
3) Fiscal policy
4) Monetary policy
5) External Factors

If you assume that items 2 to 5 are superior in the USA as compared to Europe, then you can infer that S&P regards the political situation in USA as questionable in relation to the countries they rate as AAA.

You may agree with S&P or not, but they are entitled their opinions.

I believe the main concern at S&P is that, in America, there is a growing fringe of politicians who believe that we don’t need to pay for the spending that Congress already approved. That fringe want us to arbitrarily renege on the financial commitments Congress has already made.

[briansd1]

[quote=jstoesz]Brian also, can you clear up my confusion? If they are being more accurate and transparent now, does that mean that our rating should have been downgraded. All we have to due is kick out our tea party, and we will be back in line with France and the UK?

[/quote]

S&P is an independent rating agency.

The Dodd-Frank bill curbs reliance on the rating agencies by removing reference to credit rating in statutes and by removing exemptions they previously enjoyed.

S&P’s formula is secret. But their 5 criteria are:
1) Political
2) Economy
3) Fiscal policy
4) Monetary policy
5) External Factors

If you assume that items 2 to 5 are superior in the USA as compared to Europe, then you can infer that S&P regards the political situation in USA as questionable in relation to the countries they rate as AAA.

You may agree with S&P or not, but they are entitled their opinions.

I believe the main concern at S&P is that, in America, there is a growing fringe of politicians who believe that we don’t need to pay for the spending that Congress already approved. That fringe want us to arbitrarily renege on the financial commitments Congress has already made.

[briansd1]

[quote=jstoesz]Brian also, can you clear up my confusion? If they are being more accurate and transparent now, does that mean that our rating should have been downgraded. All we have to due is kick out our tea party, and we will be back in line with France and the UK?

[/quote]

S&P is an independent rating agency.

The Dodd-Frank bill curbs reliance on the rating agencies by removing reference to credit rating in statutes and by removing exemptions they previously enjoyed.

S&P’s formula is secret. But their 5 criteria are:
1) Political
2) Economy
3) Fiscal policy
4) Monetary policy
5) External Factors

If you assume that items 2 to 5 are superior in the USA as compared to Europe, then you can infer that S&P regards the political situation in USA as questionable in relation to the countries they rate as AAA.

You may agree with S&P or not, but they are entitled their opinions.

I believe the main concern at S&P is that, in America, there is a growing fringe of politicians who believe that we don’t need to pay for the spending that Congress already approved. That fringe want us to arbitrarily renege on the financial commitments Congress has already made.

[briansd1]

[quote=jstoesz]Brian also, can you clear up my confusion? If they are being more accurate and transparent now, does that mean that our rating should have been downgraded. All we have to due is kick out our tea party, and we will be back in line with France and the UK?

[/quote]

S&P is an independent rating agency.

The Dodd-Frank bill curbs reliance on the rating agencies by removing reference to credit rating in statutes and by removing exemptions they previously enjoyed.

S&P’s formula is secret. But their 5 criteria are:
1) Political
2) Economy
3) Fiscal policy
4) Monetary policy
5) External Factors

If you assume that items 2 to 5 are superior in the USA as compared to Europe, then you can infer that S&P regards the political situation in USA as questionable in relation to the countries they rate as AAA.

You may agree with S&P or not, but they are entitled their opinions.

I believe the main concern at S&P is that, in America, there is a growing fringe of politicians who believe that we don’t need to pay for the spending that Congress already approved. That fringe want us to arbitrarily renege on the financial commitments Congress has already made.

[Author]

Posts